Co-owner vs vice president

The differences between co-owners and vice presidents 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 vice president. Additionally, a vice president has an average salary of $158,637, 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 vice president are healthcare, oversight, and project management.

Co-owner vs vice president overview

	Co-Owner	Vice President
Yearly salary	$86,704	$158,637
Hourly rate	$41.68	$76.27
Growth rate	6%	6%
Number of jobs	52,915	119,530
Job satisfaction	-	4
Most common degree	Bachelor's Degree, 54%	Bachelor's Degree, 72%
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 vice president do?

Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties. They may also represent the organization in external events and other official functions. They are important members of the boardroom, and their opinions are usually sought after as well. Vice presidents are usually poised to follow the president's footsteps in the organization, especially if the president is nearing retirement. They also make urgent and crucial decisions when the president is not available to do so. Vice presidents must have strong business acumen, decision-making skills, and professionalism.

Co-owner vs vice president salary

Co-owners and vice presidents have different pay scales, as shown below.

	Co-Owner	Vice President
Average salary	$86,704	$158,637
Salary range	Between $63,000 And $118,000	Between $107,000 And $235,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	New York
Best paying company	-	Brookfield Properties
Best paying industry	-	Manufacturing

Differences between co-owner and vice president education

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

	Co-Owner	Vice President
Most common degree	Bachelor's Degree, 54%	Bachelor's Degree, 72%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Co-owner vs vice president demographics

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

	Co-Owner	Vice President
Average age	52	52
Gender ratio	Male, 53.2% Female, 46.8%	Male, 65.8% Female, 34.2%
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, 76.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	12%	12%

Differences between co-owner and vice president 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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Vice president example responsibilities.

Develop and implement global SOX methodology, manage risk assessment and testing, evaluate deficiencies and lead remediation efforts.
Manage $54MM loan portfolio of problem assets with the goal to implement strategies of rehabilitation, exit and/or liquidation.
Manage day-to-day operations, marketing, record keeping, insurance billing, human resources, budgeting, and HIPAA compliance.
Manage the web design, PPC, social media marketing, SEO, traditional and digital marketing, and customer experience.
Manage FDA regulate manufacturing division.
Manage QuickBooks; implement budget/variance tracking and reporting.

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Co-owner vs vice president skills

Common co-owner skills

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

Common vice president skills

Healthcare, 10%
Oversight, 7%
Project Management, 6%
Customer Service, 6%
Risk Management, 6%
Business Development, 5%

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Updated January 8, 2025

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