It always sounds like a noble thing to own a business. Imagine settling things under your own supervision with no concerns that your boss might actually scold you (yay - you feel me?). Everyone wants that. But let's minimize the fantasy because no matter how much everyone wants it, only a few could really have what it takes. Great things don't come easy, they say.
Aside from the fact that you need to have strong critical-thinking skills, leadership is equally important, too. Handling a business wouldn't only mean implementing decisions for your benefit, but also for the people who work for you. You need to sacrifice so many things, even your usual weekends and holidays, just to negotiate offers, meet with clients, and finish reading a mountain of papers (right, you should love reading, too!). Being a co-owner of a business means having tons of responsibilities... you can't drag them on for too long, or you'll end up losing clients, business, and money. Of course, you wouldn't want that.
Some tried and got through the hard times. Some failed and discovered what they really wanted. Wherever the path leads you, it's still a good thing to try. Who knows? You may see yourself doing interviews and having your face shown in tabloids. There are endless possibilities. But none of it can happen, unless you make it.
There is more than meets the eye when it comes to being a co-owner. For example, did you know that they make an average of $45.99 an hour? That's $95,663 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.
There are certain skills that many co-owners have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed management skills, problem-solving skills and time-management skills.
If you're interested in becoming a co-owner, one of the first things to consider is how much education you need. We've determined that 53.8% of co-owners have a bachelor's degree. In terms of higher education levels, we found that 7.3% of co-owners have master's degrees. Even though most co-owners have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a co-owner. When we researched the most common majors for a co-owner, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on co-owner resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a co-owner. In fact, many co-owner jobs require experience in a role such as owner. Meanwhile, many co-owners also have previous career experience in roles such as manager or customer service representative.