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Co-owner, business manager vs store manager

The differences between co-owner, business managers and store 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 store manager. Additionally, a store manager has an average salary of $46,950, 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 store manager are store management, retail store, and customer service.

Co-owner, business manager vs store manager overview

Co-Owner, Business ManagerStore Manager
Yearly salary$45,374$46,950
Hourly rate$21.81$22.57
Growth rate6%6%
Number of jobs250,642446,127
Job satisfaction-5
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 48%
Average age4444
Years of experience66

Co-owner, business manager vs store manager salary

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

Co-Owner, Business ManagerStore Manager
Average salary$45,374$46,950
Salary rangeBetween $28,000 And $72,000Between $30,000 And $73,000
Highest paying City-Washington, DC
Highest paying state-Delaware
Best paying company-Meta
Best paying industry-Manufacturing

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

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

Co-Owner, Business ManagerStore Manager
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 48%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Co-owner, business manager vs store manager demographics

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

Co-Owner, Business ManagerStore Manager
Average age4444
Gender ratioMale, 32.8% Female, 67.2%Male, 51.2% Female, 48.8%
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, 6.1% Unknown, 4.3% Hispanic or Latino, 15.1% Asian, 6.3% White, 67.6% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between co-owner, business manager and store 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.

Store manager example responsibilities.

  • Store achieve highest UPT in company for FY11.
  • Assist the DM and help to manage the district in her absence.
  • Manage the store's inventory with GNC guidelines; receiving, checking and shelving all merchandising orders.
  • Train and develop to manage multi-unit operations.
  • Create implementation plans to support execution of Starbucks initiatives to achieve both operational excellence and business results.
  • Develop and implement operational strategies utilizing less payroll expenses and allot hour usage to accomplish logistical and operational excellence.
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Co-owner, business manager vs store 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 store manager skills
  • Store Management, 8%
  • Retail Store, 5%
  • Customer Service, 5%
  • PET, 5%
  • Loss Prevention, 5%
  • Sales Floor, 4%

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Updated January 8, 2025

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