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Business owner vs chief executive officer

The differences between business owners and chief executive officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business owner, becoming a chief executive officer takes usually requires More than 10 years. Additionally, a chief executive officer has an average salary of $192,260, which is higher than the $50,934 average annual salary of a business owner.

The top three skills for a business owner include customer service, payroll and financial statements. The most important skills for a chief executive officer are healthcare, patients, and patient care.

Business owner vs chief executive officer overview

Business OwnerChief Executive Officer
Yearly salary$50,934$192,260
Hourly rate$24.49$92.43
Growth rate6%6%
Number of jobs107,663149,185
Job satisfaction--
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 59%
Average age4452
Years of experience6-

What does a business owner do?

Business owners, also known as Entrepreneurs, are responsible for their company and brand's success. There are many areas of responsibility when you're a business owner, such as in the aspects of planning and budgeting, arranging finances and legal documentation, and even hiring the workforce essential for the business to grow. However, these responsibilities will vary according to how a business owner will uphold them. Moreover, building a business from the ground up requires dedication and a vision and mission for the brand.

What does a chief executive officer do?

A chief executive officer is the overall head of the company's operations. Chief executive officers are responsible for making corporate decisions that would define the company's performance in the market. A chief executive officer must display exceptional leadership and decision-making skills to create business growth and development strategies. The chief executive officers also provide a regular business update to the board regarding the company's status. They should also be able to identify business opportunities and create long-lasting, professional relationships with business partners and other organizations.

Business owner vs chief executive officer salary

Business owners and chief executive officers have different pay scales, as shown below.

Business OwnerChief Executive Officer
Average salary$50,934$192,260
Salary rangeBetween $27,000 And $94,000Between $104,000 And $354,000
Highest paying CitySeattle, WAUrban Honolulu, HI
Highest paying stateWashingtonHawaii
Best paying companyBDAlecto Healthcare Services LLC
Best paying industryRetailStart-up

Differences between business owner and chief executive officer education

There are a few differences between a business owner and a chief executive officer in terms of educational background:

Business OwnerChief Executive Officer
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Business owner vs chief executive officer demographics

Here are the differences between business owners' and chief executive officers' demographics:

Business OwnerChief Executive Officer
Average age4452
Gender ratioMale, 51.4% Female, 48.6%Male, 68.5% Female, 31.5%
Race ratioBlack or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5%Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% American Indian and Alaska Native, 0.6%
LGBT Percentage10%12%

Differences between business owner and chief executive officer duties and responsibilities

Business owner example responsibilities.

  • Manage the budget and insure operations run smoothly.
  • Create, own and manage a LLC for grind pet transportation.
  • Establish and manage a beading boutique via the Internet by utilizing Photoshop to post designs on a personal website.
  • Manage sales, customer service, billing, A/P, A/R, vendor relations, negotiations, repairs, and maintenance.
  • Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
  • Handle all aspects from A/P to A/R, payroll, ordering and dealing with all distributors and city officials.
  • Show more

Chief executive officer example responsibilities.

  • Manage the bidding process by reviewing all RFP and preparing responses.
  • Manage complex Google, Facebook, SEO/Content, drip email, behavior base emails, and so much more.
  • Manage and grow Instagram accounts of large and small businesses as well as individual accounts such as models and singers.
  • Design, execute, and manage the construction and d cor of store location and seasonal windows of old store location.
  • Develop an IP within the e-Gaming & mobile-gaming world that can achieve ad revenue greater than Google or Facebook potentially combine.
  • Source and manage contractors for frontend JavaScript development.
  • Show more

Business owner vs chief executive officer skills

Common business owner skills
  • Customer Service, 31%
  • Payroll, 12%
  • Financial Statements, 9%
  • Business Plan, 7%
  • Business Model, 3%
  • Real Estate, 2%
Common chief executive officer skills
  • Healthcare, 13%
  • Patients, 10%
  • Patient Care, 8%
  • Customer Service, 8%
  • Financial Management, 6%
  • Oversight, 5%

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