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The differences between entrepreneurs and chief executive officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an entrepreneur, becoming a chief executive officer takes usually requires More than 10 years. Additionally, a chief executive officer has an average salary of $192,260, which is higher than the $70,849 average annual salary of an entrepreneur.
The top three skills for an entrepreneur include kids, web design and product development. The most important skills for a chief executive officer are healthcare, patients, and patient care.
| Entrepreneur | Chief Executive Officer | |
| Yearly salary | $70,849 | $192,260 |
| Hourly rate | $34.06 | $92.43 |
| Growth rate | 6% | 6% |
| Number of jobs | 34,711 | 149,185 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 59% |
| Average age | 44 | 52 |
| Years of experience | 6 | - |
An entrepreneur is a business owner who regularly creates new ventures and sells them with the end goal of turning them into profit. To start up a new business, entrepreneurs must create business plans and acquire resources and financing while hiring talented individuals. They play a vital role in the economy because they are the driver of economic growth and innovation. They also make use of their business as a means of creating a sustainable living, which improves the quality of life.
A chief executive officer is the overall head of the company's operations. Chief executive officers are responsible for making corporate decisions that would define the company's performance in the market. A chief executive officer must display exceptional leadership and decision-making skills to create business growth and development strategies. The chief executive officers also provide a regular business update to the board regarding the company's status. They should also be able to identify business opportunities and create long-lasting, professional relationships with business partners and other organizations.
Entrepreneurs and chief executive officers have different pay scales, as shown below.
| Entrepreneur | Chief Executive Officer | |
| Average salary | $70,849 | $192,260 |
| Salary range | Between $42,000 And $118,000 | Between $104,000 And $354,000 |
| Highest paying City | New York, NY | Urban Honolulu, HI |
| Highest paying state | New York | Hawaii |
| Best paying company | General Catalyst | Alecto Healthcare Services LLC |
| Best paying industry | Finance | Start-up |
There are a few differences between an entrepreneur and a chief executive officer in terms of educational background:
| Entrepreneur | Chief Executive Officer | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between entrepreneurs' and chief executive officers' demographics:
| Entrepreneur | Chief Executive Officer | |
| Average age | 44 | 52 |
| Gender ratio | Male, 58.5% Female, 41.5% | Male, 68.5% Female, 31.5% |
| Race ratio | Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 10% | 12% |