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The differences between co-managers and co-owners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a co-manager, becoming a co-owner takes usually requires More than 10 years. Additionally, a co-owner has an average salary of $86,704, which is higher than the $64,962 average annual salary of a co-manager.
The top three skills for a co-manager include payroll, customer service and food safety. The most important skills for a co-owner are customer service, financial statements, and business plan.
| Co-Manager | Co-Owner | |
| Yearly salary | $64,962 | $86,704 |
| Hourly rate | $31.23 | $41.68 |
| Growth rate | 6% | 6% |
| Number of jobs | 258,234 | 52,915 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 54% |
| Average age | 43 | 52 |
| Years of experience | 6 | - |
A co-manager's role is to supervise business operations and perform administrative tasks as support to a manager. One of the primary functions of a co-manager is to delegate tasks of team members and arrange schedules. They also evaluate progress, produce the necessary documentation, maintain a record of data, identify issues and opportunities, and assist in coordinating with other employees. A co-manager may also have the task of hiring and training new workforce members, enforcing policies and regulations at all times.
A co-owner is responsible for ensuring smooth business operations, searching for the best industrial opportunities to drive revenues and increase profitability. Some of the business co-owners' duties include planning activities for business promotions, monitoring current market trends, establishing a reliable workforce, developing product specifications, managing financial goals and cost estimates, strengthening marketing strategies, and keeping records of business papers and documents. A co-owner should have excellent leadership, communication, and decision-making skills to secure business growth and success.
Co-managers and co-owners have different pay scales, as shown below.
| Co-Manager | Co-Owner | |
| Average salary | $64,962 | $86,704 |
| Salary range | Between $35,000 And $119,000 | Between $63,000 And $118,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | Massachusetts | - |
| Best paying company | GUESS | - |
| Best paying industry | Retail | - |
There are a few differences between a co-manager and a co-owner in terms of educational background:
| Co-Manager | Co-Owner | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | SUNY College of Technology at Delhi | University of Pennsylvania |
Here are the differences between co-managers' and co-owners' demographics:
| Co-Manager | Co-Owner | |
| Average age | 43 | 52 |
| Gender ratio | Male, 44.3% Female, 55.7% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 8.8% Unknown, 4.7% Hispanic or Latino, 16.8% Asian, 7.1% White, 62.0% American Indian and Alaska Native, 0.7% | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 76.8% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 9% | 12% |