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Co-owner, business manager vs new business manager

The differences between co-owner, business managers 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 co-owner, business manager and a new business manager. Additionally, a new business manager has an average salary of $93,395, 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 new business manager are customer service, business plan, and business development.

Co-owner, business manager vs new business manager overview

Co-Owner, Business ManagerNew Business Manager
Yearly salary$45,374$93,395
Hourly rate$21.81$44.90
Growth rate6%6%
Number of jobs250,642282,416
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 67%
Average age4444
Years of experience66

Co-owner, business manager vs new business manager salary

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

Co-Owner, Business ManagerNew Business Manager
Average salary$45,374$93,395
Salary rangeBetween $28,000 And $72,000Between $55,000 And $158,000
Highest paying City-New Rochelle, NY
Highest paying state-New York
Best paying company-Apple
Best paying industry-Energy

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

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

Co-Owner, Business ManagerNew Business Manager
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Co-owner, business manager vs new business manager demographics

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

Co-Owner, Business ManagerNew Business Manager
Average age4444
Gender ratioMale, 32.8% Female, 67.2%Male, 60.1% Female, 39.9%
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, 67.3% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between co-owner, business manager and new business 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.

New business manager example responsibilities.

  • Manage the logistics of seating teams and functional units in this overcrowd call center.
  • Manage the daily operations of a 30-plus-person team of coordinators and new local associates during periods of multi-store openings.
  • Manage a portfolio of inpatient and outpatient products market to major academic medical centers, community hospitals and nursing homes.
  • Increase VW new car sales from 90 to 120 per month average, along with PVR, CSI and ESI.
  • Maintain dealership CSI score above zone average for sales satisfaction.
  • Train new issue coordinators as they come onto the team.
    • Show more

Co-owner, business manager vs new business 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 new business manager skills
  • Customer Service, 24%
  • Business Plan, 11%
  • Business Development, 9%
  • Lead Generation, 7%
  • Gross Profit, 6%
  • Sales Process, 5%

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Updated January 8, 2025

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