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The differences between business owners and co-owner/operators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a business owner and a co-owner/operator. Additionally, a business owner has an average salary of $50,934, which is higher than the $32,256 average annual salary of a co-owner/operator.
The top three skills for a business owner include customer service, payroll and financial statements. The most important skills for a co-owner/operator are co-op, patients, and data analysis.
| Business Owner | Co-Owner/Operator | |
| Yearly salary | $50,934 | $32,256 |
| Hourly rate | $24.49 | $15.51 |
| Growth rate | 6% | 6% |
| Number of jobs | 107,663 | 95,615 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 60% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
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.
A co-owner/operator is responsible for delivering goods and services for the companies using their trucks and vehicles. Co-owner/operators ensure timely merchandise deliveries, check the quantity and quality of the cargo, and follow routes accordingly. They also inspect vehicle conditions, identify any inconsistencies, and perform troubleshooting for malfunction for immediate repair or replacement of components to prevent deliveries delays. A co-owner/operator must have clean driving records, adhering to the road's safety regulations.
Business owners and co-owner/operators have different pay scales, as shown below.
| Business Owner | Co-Owner/Operator | |
| Average salary | $50,934 | $32,256 |
| Salary range | Between $27,000 And $94,000 | Between $21,000 And $49,000 |
| Highest paying City | Seattle, WA | Rahway, NJ |
| Highest paying state | Washington | New York |
| Best paying company | BD | BorgWarner |
| Best paying industry | Retail | Technology |
There are a few differences between a business owner and a co-owner/operator in terms of educational background:
| Business Owner | Co-Owner/Operator | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business owners' and co-owner/operators' demographics:
| Business Owner | Co-Owner/Operator | |
| Average age | 44 | 44 |
| Gender ratio | Male, 51.4% Female, 48.6% | Male, 58.4% Female, 41.6% |
| Race ratio | Black 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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.4% White, 67.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |