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The differences between business owner/operators and new business managers 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/operator and a new business manager. Additionally, a new business manager has an average salary of $93,395, which is higher than the $33,361 average annual salary of a business owner/operator.
The top three skills for a business owner/operator include customer service, payroll and financial statements. The most important skills for a new business manager are customer service, business plan, and business development.
| Business Owner/Operator | New Business Manager | |
| Yearly salary | $33,361 | $93,395 |
| Hourly rate | $16.04 | $44.90 |
| Growth rate | 6% | 6% |
| Number of jobs | 144,622 | 282,416 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 46% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
Business owner/operators and new business managers have different pay scales, as shown below.
| Business Owner/Operator | New Business Manager | |
| Average salary | $33,361 | $93,395 |
| Salary range | Between $20,000 And $53,000 | Between $55,000 And $158,000 |
| Highest paying City | - | New Rochelle, NY |
| Highest paying state | - | New York |
| Best paying company | - | Apple |
| Best paying industry | - | Energy |
There are a few differences between a business owner/operator and a new business manager in terms of educational background:
| Business Owner/Operator | New Business Manager | |
| Most common degree | Bachelor's Degree, 46% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business owner/operators' and new business managers' demographics:
| Business Owner/Operator | New Business Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.0% Female, 41.0% | Male, 60.1% Female, 39.9% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5% | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |