Co-owner vs co-founder

The differences between co-owners and co-founders can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a co-owner and a co-founder. Additionally, a co-founder has an average salary of $105,022, which is higher than the $86,704 average annual salary of a co-owner.

The top three skills for a co-owner include customer service, financial statements and business plan. The most important skills for a co-founder are financial statements, business strategy, and business plan.

Co-owner vs co-founder overview

	Co-Owner	Co-Founder
Yearly salary	$86,704	$105,022
Hourly rate	$41.68	$50.49
Growth rate	6%	6%
Number of jobs	52,915	4,214
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 54%	Bachelor's Degree, 73%
Average age	52	52
Years of experience	-	-

What does a co-owner do?

A co-owner is responsible for ensuring smooth business operations, searching for the best industrial opportunities to drive revenues and increase profitability. Some of the business co-owners' duties include planning activities for business promotions, monitoring current market trends, establishing a reliable workforce, developing product specifications, managing financial goals and cost estimates, strengthening marketing strategies, and keeping records of business papers and documents. A co-owner should have excellent leadership, communication, and decision-making skills to secure business growth and success.

What does a co-founder do?

A Co-Founder is an essential member of a company as they complement the skills, vision, and mission of the Founder. Most of the time, the tasks of a Co-Founder revolve around the financial planning and developing strategies that would be beneficial for the company's financial gain and workforce. Furthermore, a Co-Founder must coordinate with the Founder and other staff and departments to remain aware of the progress or issues, should there be any, to provide timely resolutions.

Co-owner vs co-founder salary

Co-owners and co-founders have different pay scales, as shown below.

	Co-Owner	Co-Founder
Average salary	$86,704	$105,022
Salary range	Between $63,000 And $118,000	Between $61,000 And $179,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between co-owner and co-founder education

There are a few differences between a co-owner and a co-founder in terms of educational background:

	Co-Owner	Co-Founder
Most common degree	Bachelor's Degree, 54%	Bachelor's Degree, 73%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Co-owner vs co-founder demographics

Here are the differences between co-owners' and co-founders' demographics:

	Co-Owner	Co-Founder
Average age	52	52
Gender ratio	Male, 53.2% Female, 46.8%	Male, 66.0% Female, 34.0%
Race ratio	Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 76.8% American Indian and Alaska Native, 0.6%	Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.6% American Indian and Alaska Native, 0.6%
LGBT Percentage	12%	12%

Differences between co-owner and co-founder duties and responsibilities

Co-owner example responsibilities.

Manage inventory, profit and loss analysis, ROI, staff training and health department standards & safety regulations.
Manage budget and financial operations, including payroll and inventory.
Manage the day to day operation/financial operations of Medicare certify home health agency.
Acquire LLC, zone compliance, city business license and all other necessary documentation for a new business.
Complete all paperwork necessary for LLC, business license, insurance requirements, audits and home improvement license.
Photograph, edit (Photoshop) and upload pictures on website for new items or for products with new look.

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Co-founder example responsibilities.

Manage cross functional teams through all phases of B2C campaign development.
Manage social media connect to the site (20k+ twitter impressions).
Manage and schedule production for assembly, machining, molding and QC departments.
Design and manage user web experience and social media marketing campaign, leveraging 'celebrity' Instagram dogs
Manage drivers and customers as well as all operational functions; including sales billing, accounts receivables and payroll.
Manage all features of business including client service, sales, QuickBooks accounting, purchasing, shipping and customer retention.

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Co-owner vs co-founder skills

Common co-owner skills

Customer Service, 39%
Financial Statements, 13%
Business Plan, 4%
Real Estate, 3%
QuickBooks, 3%
Inventory Control, 3%

Common co-founder skills

Financial Statements, 8%
Business Strategy, 7%
Business Plan, 6%
Non-Profit Organization, 5%
R, 5%
Facebook, 4%

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Updated January 8, 2025

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