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Chief strategy officer vs business owner

The differences between chief strategy officers and business owners can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a chief strategy officer and a business owner. Additionally, a chief strategy officer has an average salary of $163,192, which is higher than the $50,934 average annual salary of a business owner.

The top three skills for a chief strategy officer include business development, CSO and strategic vision. The most important skills for a business owner are customer service, payroll, and financial statements.

Chief strategy officer vs business owner overview

Chief Strategy OfficerBusiness Owner
Yearly salary$163,192$50,934
Hourly rate$78.46$24.49
Growth rate6%6%
Number of jobs93,147107,663
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 52%
Average age4444
Years of experience66

What does a chief strategy officer do?

A chief strategy officer or chief strategist is an executive leader in an organization responsible for assisting the chief executive officer with communicating, developing, and sustaining business corporate strategic initiatives and the company's overall goals. This is a senior executive role and a big responsibility for holding the top strategy part. They focus on implementing a company's strategy, both internally and externally. They ensure to communicate to all employees, business partners, suppliers, and contractors to know the importance of a company-wide strategic plan.

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.

Chief strategy officer vs business owner salary

Chief strategy officers and business owners have different pay scales, as shown below.

Chief Strategy OfficerBusiness Owner
Average salary$163,192$50,934
Salary rangeBetween $103,000 And $257,000Between $27,000 And $94,000
Highest paying CityRochester, NYSeattle, WA
Highest paying stateAlaskaWashington
Best paying companyNorton Rose FulbrightBD
Best paying industryFinanceRetail

Differences between chief strategy officer and business owner education

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

Chief Strategy OfficerBusiness Owner
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Chief strategy officer vs business owner demographics

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

Chief Strategy OfficerBusiness Owner
Average age4444
Gender ratioMale, 78.6% Female, 21.4%Male, 51.4% Female, 48.6%
Race ratioBlack 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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between chief strategy officer and business owner duties and responsibilities

Chief strategy officer example responsibilities.

  • Establish and manage SLA process.
  • Manage PPC, SEM and affiliate marketing goals, objectives and strategies.
  • Lead rebranding and comprehensive redesign of website, print and booth assets.
  • Manage web content and social media guidelines in alignment with e-marketing strategy and SEM priorities.
  • Upgrade and manage organization VoIP phone system with 8x8 both internally and for remote employees through virtual desktop.
  • Manage creation of strategic business and marketing plans for B2B and B2C companies in various industries and markets.
    • Show more

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 strategy officer vs business owner skills

Common chief strategy officer skills
  • Business Development, 10%
  • CSO, 8%
  • Strategic Vision, 7%
  • Brand Marketing, 6%
  • Business Plan, 5%
  • Strategy Development, 5%
Common business owner skills
  • Customer Service, 31%
  • Payroll, 12%
  • Financial Statements, 9%
  • Business Plan, 7%
  • Business Model, 3%
  • Real Estate, 2%

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Updated January 8, 2025

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