How To Become A Co-Owner & Director: What It Is and Career Path

What is a co-owner & director and how to become one

Updated January 8, 2025

3 min read

Quoted expert

Robin Jarvis

There is more than meets the eye when it comes to being a co-owner & director. For example, did you know that they make an average of $38.65 an hour? That's $80,395 a year! Between 2018 and 2028, the career is expected to grow 3% and produce 300 job opportunities across the U.S.

What general advice would you give to a co-owner & director?

Robin Jarvis

Director of Career and Internship Services, Culver-Stockton College

Be flexible. Employment trends were shifting and changing, before the pandemic hit, and we can expect more change in the days ahead. Opportunities are still out there, and we will recover from these challenges. I anticipate growth after stabilization and the creation of jobs that don't exist today. Be willing to take the skills you learned in college and apply them to a wide array of opportunities. Explore careers outside your area of study, and never stop learning. Most important - network, network, network!

ScoreCo-Owner & DirectorUS Average

Salary

6.3

Avg. Salary $80,395

Avg. Salary $59,228

Stability level

9.1

Growth rate 3%

Growth rate 0.3%

Diversity

4.9

Race

American Indian and Alaska Native 1.50%

Asian 3.48%

Black or African American 8.54%

Hispanic or Latino 12.04%

Unknown 5.00%

White 69.44%

Gender

female 46.01%

male 53.99%

Age - 47

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 47

Stress level

9.1

Stress level is very high

7.1 - high

Complexity level

8.6

Complexity level is advanced

7 - challenging

Work life balance

4.1

Work life balance is poor

6.4 - fair

Key steps to become a co-owner & director

Explore co-owner & director education requirements

Most common co-owner & director degrees

Bachelor's

68.5 %

Master's

12.8 %

Associate

10.0 %

Start to develop specific co-owner & director skills

Skills	Percentages
Financial Statements	11.99%
Payroll	11.08%
Human Resources	5.07%
Child Care	4.30%
SEO	4.25%

Complete relevant co-owner & director training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New co-owner & directors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a co-owner & director based on U.S. Bureau of Labor Statistics data and data from real co-owner & director resumes.

Research co-owner & director duties and responsibilities

Manage invoicing, A/P, A/R, reconciliations and payroll and other general financial duties.
Manage all financial aspects of company including, QuickBooks financial software, accounts payable, and accounts receivable activities.
Manage all aspects of day-to-day operations, including sales, customer relations, hiring, training, payroll, and purchasing.
Manage the day to day operation/financial operations of Medicare certify home health agency.

Prepare your co-owner & director resume

When your background is strong enough, you can start writing your co-owner & director resume.

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