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The differences between co-owners and partners 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 partner takes usually requires 8-10 years. Additionally, a co-owner has an average salary of $86,704, which is higher than the $76,119 average annual salary of a partner.
The top three skills for a co-owner include customer service, financial statements and business plan. The most important skills for a partner are patients, customer service, and healthcare.
| Co-Owner | Partner | |
| Yearly salary | $86,704 | $76,119 |
| Hourly rate | $41.68 | $36.60 |
| Growth rate | 6% | 10% |
| Number of jobs | 52,915 | 45,758 |
| Job satisfaction | - | 1 |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 59% |
| Average age | 52 | 39 |
| Years of experience | - | 10 |
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 business partner is responsible for providing strategies and recommendations on how the business will operate, increasing its revenues while sharing profits. Business partners must have extensive knowledge of how the current market industry works to identify the best decisions for the business. A business partner should also be engaged in suggesting new services and offers that the company might consider for its clients. Business partners must also keep the confidentiality of their partnering business administration at all times.
Co-owners and partners have different pay scales, as shown below.
| Co-Owner | Partner | |
| Average salary | $86,704 | $76,119 |
| Salary range | Between $63,000 And $118,000 | Between $31,000 And $182,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Sidley Austin |
| Best paying industry | - | - |
There are a few differences between a co-owner and a partner in terms of educational background:
| Co-Owner | Partner | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between co-owners' and partners' demographics:
| Co-Owner | Partner | |
| Average age | 52 | 39 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 62.3% Female, 37.7% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 10% |