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The differences between co-owners and owner/directors 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 an owner/director takes usually requires 4-6 years. Additionally, a co-owner has an average salary of $86,704, which is higher than the $45,038 average annual salary of an owner/director.
The top three skills for a co-owner include customer service, financial statements and business plan. The most important skills for an owner/director are payroll, financial management, and child care facility.
| Co-Owner | Owner/Director | |
| Yearly salary | $86,704 | $45,038 |
| Hourly rate | $41.68 | $21.65 |
| Growth rate | 6% | 6% |
| Number of jobs | 52,915 | 71,178 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 54% |
| 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.
The primary job of owners/directors is to provide strategic leadership and oversee the entire business operations of the company. They are expected to develop and implement company policies and strategic plans for the company. Other duties and responsibilities include driving organizational success, maximizing shareholder value, and developing the company's business structure. Business owners and directors are also responsible for leading and guiding executives and building the company's public profile at various events. The skills and qualifications needed for this role include a master's degree in business or a related field, previous experience as a director, and excellent leadership skills.
Co-owners and owner/directors have different pay scales, as shown below.
| Co-Owner | Owner/Director | |
| Average salary | $86,704 | $45,038 |
| Salary range | Between $63,000 And $118,000 | Between $23,000 And $87,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a co-owner and an owner/director in terms of educational background:
| Co-Owner | Owner/Director | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between co-owners' and owner/directors' demographics:
| Co-Owner | Owner/Director | |
| Average age | 52 | 44 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 34.1% Female, 65.9% |
| 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, 15.2% Asian, 6.4% White, 67.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 10% |