Post job

Co-owner vs owner/operator

The differences between co-owners and 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 an owner/operator takes usually requires 1-2 years. Additionally, an owner/operator has an average salary of $167,288, 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 an owner/operator are CDL, PET, and customer service.

Co-owner vs owner/operator overview

Co-OwnerOwner/Operator
Yearly salary$86,704$167,288
Hourly rate$41.68$80.43
Growth rate6%4%
Number of jobs52,915119,599
Job satisfaction-5
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 42%
Average age5248
Years of experience-2

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 an owner/operator do?

Owners/operators manage the business in all aspects, especially in those related to operations. They ensure that every aspect of the business is running smoothly. They oversee finance, marketing, logistics, sales, and even the human resources of the whole organization. They set business goals, create action plans to achieve them, and make sure that the plans are followed through. They set strategic direction and make business decisions that would be the most beneficial to the organization. They ensure that the business has enough funds to continue operating and that the quality of the products and services they offer continuously improve.

Co-owner vs owner/operator salary

Co-owners and owner/operators have different pay scales, as shown below.

Co-OwnerOwner/Operator
Average salary$86,704$167,288
Salary rangeBetween $63,000 And $118,000Between $105,000 And $264,000
Highest paying City-Bridgeport, CT
Highest paying state-Oregon
Best paying company-Reddy Ice
Best paying industry-Technology

Differences between co-owner and owner/operator education

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

Co-OwnerOwner/Operator
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 42%
Most common majorBusinessBusiness
Most common collegeUniversity of Pennsylvania-

Co-owner vs owner/operator demographics

Here are the differences between co-owners' and owner/operators' demographics:

Co-OwnerOwner/Operator
Average age5248
Gender ratioMale, 53.2% Female, 46.8%Male, 66.8% Female, 33.2%
Race ratioBlack 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, 12.1% Unknown, 4.7% Hispanic or Latino, 17.1% Asian, 3.6% White, 61.7% American Indian and Alaska Native, 0.8%
LGBT Percentage12%4%

Differences between co-owner and owner/operator 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.
  • Show more

Owner/operator example responsibilities.

  • Create and manage a free subscription, advertising- base facsimile publication and franchising system.
  • Manage all inventory for eBay store, including its labeling, storage, sales, and overall organization.
  • Design, implement and manage processes base on ITIL best practices, standards and relate support tools across the organization.
  • Direct daily operations of four profit centers, managing all financial functions to include A/R, A/P, payroll and purchasing.
  • Create and manage print and electronic co-op advertising program
  • Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
  • Show more

Co-owner vs owner/operator skills

Common co-owner skills
  • Customer Service, 39%
  • Financial Statements, 13%
  • Business Plan, 4%
  • Real Estate, 3%
  • QuickBooks, 3%
  • Inventory Control, 3%
Common owner/operator skills
  • CDL, 57%
  • PET, 16%
  • Customer Service, 12%
  • Payroll, 4%
  • Human Resources, 1%
  • Windows, 1%

Browse executive management jobs