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Co-owner, business manager vs business unit manager

The differences between co-owner, business managers and business unit 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 co-owner, business manager and a business unit manager. Additionally, a business unit manager has an average salary of $122,782, which is higher than the $45,374 average annual salary of a co-owner, business manager.

The top three skills for a co-owner, business manager include customer service, financial statements and business plan. The most important skills for a business unit manager are continuous improvement, customer service, and product line.

Co-owner, business manager vs business unit manager overview

Co-Owner, Business ManagerBusiness Unit Manager
Yearly salary$45,374$122,782
Hourly rate$21.81$59.03
Growth rate6%6%
Number of jobs250,642295,151
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 70%
Average age4444
Years of experience66

Co-owner, business manager vs business unit manager salary

Co-owner, business managers and business unit managers have different pay scales, as shown below.

Co-Owner, Business ManagerBusiness Unit Manager
Average salary$45,374$122,782
Salary rangeBetween $28,000 And $72,000Between $81,000 And $184,000
Highest paying City-East Providence, RI
Highest paying state-Rhode Island
Best paying company-Citi
Best paying industry-Technology

Differences between co-owner, business manager and business unit manager education

There are a few differences between a co-owner, business manager and a business unit manager in terms of educational background:

Co-Owner, Business ManagerBusiness Unit Manager
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 70%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Co-owner, business manager vs business unit manager demographics

Here are the differences between co-owner, business managers' and business unit managers' demographics:

Co-Owner, Business ManagerBusiness Unit Manager
Average age4444
Gender ratioMale, 32.8% Female, 67.2%Male, 82.8% Female, 17.2%
Race ratioBlack or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.7% 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, 67.2% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between co-owner, business manager and business unit manager duties and responsibilities

Co-owner, business manager example responsibilities.

  • Manage complete operation of the HVAC and refrigeration service company
  • Implement and maintain Quickbooks for accounting, reports and point of sale.
  • Maintain all record-keeping for inventory integrity, accurate financial reporting to include payroll, invoicing, account collections and tax reporting.
  • Create and manage a free subscription, advertising- base facsimile publication and franchising system.

Business unit manager example responsibilities.

  • Manage capital investment of $250k refurbishment project in RBD department to begin the plant's first TPM program.
  • Manage a portfolio of inpatient and outpatient products market to major academic medical centers, community hospitals and nursing homes.
  • Maintain establishment's monthly bills including payroll, utilities, advertisement, and vending.
  • Review as-is business processes and deploy new processes, roles & responsibilities and KPI's.
  • Calculate and paid all payroll taxes, sales taxes, and alcohol taxes for the business.
  • Develop and implement new business processes, tools, KPI's and scorecards to drive both improvement and adoption.
    • Show more

Co-owner, business manager vs business unit manager skills

Common co-owner, business manager skills
  • Customer Service, 30%
  • Financial Statements, 16%
  • Business Plan, 5%
  • QuickBooks, 4%
  • Human Resources, 3%
  • Business Management, 3%
Common business unit manager skills
  • Continuous Improvement, 11%
  • Customer Service, 10%
  • Product Line, 5%
  • Project Management, 5%
  • Customer Satisfaction, 4%
  • Financial Performance, 4%

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Updated January 8, 2025

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