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The differences between co-owners and co-owner/operators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a co-owner, becoming a co-owner/operator takes usually requires 4-6 years. Additionally, a co-owner has an average salary of $86,704, which is higher than the $32,256 average annual salary of a co-owner/operator.
The top three skills for a co-owner include customer service, financial statements and business plan. The most important skills for a co-owner/operator are co-op, patients, and data analysis.
| Co-Owner | Co-Owner/Operator | |
| Yearly salary | $86,704 | $32,256 |
| Hourly rate | $41.68 | $15.51 |
| Growth rate | 6% | 6% |
| Number of jobs | 52,915 | 95,615 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 60% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
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.
A co-owner/operator is responsible for delivering goods and services for the companies using their trucks and vehicles. Co-owner/operators ensure timely merchandise deliveries, check the quantity and quality of the cargo, and follow routes accordingly. They also inspect vehicle conditions, identify any inconsistencies, and perform troubleshooting for malfunction for immediate repair or replacement of components to prevent deliveries delays. A co-owner/operator must have clean driving records, adhering to the road's safety regulations.
Co-owners and co-owner/operators have different pay scales, as shown below.
| Co-Owner | Co-Owner/Operator | |
| Average salary | $86,704 | $32,256 |
| Salary range | Between $63,000 And $118,000 | Between $21,000 And $49,000 |
| Highest paying City | - | Rahway, NJ |
| Highest paying state | - | New York |
| Best paying company | - | BorgWarner |
| Best paying industry | - | Technology |
There are a few differences between a co-owner and a co-owner/operator in terms of educational background:
| Co-Owner | Co-Owner/Operator | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between co-owners' and co-owner/operators' demographics:
| Co-Owner | Co-Owner/Operator | |
| Average age | 52 | 44 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 58.4% Female, 41.6% |
| 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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.4% White, 67.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 10% |