Entrepreneur vs general manager

The differences between entrepreneurs and general managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an entrepreneur and a general manager. Additionally, a general manager has an average salary of $71,581, 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 general manager are customer service, cleanliness, and food safety.

Entrepreneur vs general manager overview

	Entrepreneur	General Manager
Yearly salary	$70,849	$71,581
Hourly rate	$34.06	$34.41
Growth rate	6%	6%
Number of jobs	34,711	442,690
Job satisfaction	-	4.25
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 56%
Average age	44	44
Years of experience	6	6

What does an entrepreneur do?

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.

What does a general manager do?

A general manager is responsible for handling the overall operations in the business. General managers manage the staff tasks efficiently, monitor the productivity and efficiency of the work environment, implement new strategies to improve the business performance, recognize the team's best efforts, and effective allocation of budget resources. A general manager must have excellent communication, decision-making, and critical-thinking skills to identify areas of improvement in handling customer complaints, connecting with vendors and other lines of businesses that will direct the company towards its successful objectives.

Entrepreneur vs general manager salary

Entrepreneurs and general managers have different pay scales, as shown below.

	Entrepreneur	General Manager
Average salary	$70,849	$71,581
Salary range	Between $42,000 And $118,000	Between $40,000 And $126,000
Highest paying City	New York, NY	San Francisco, CA
Highest paying state	New York	Hawaii
Best paying company	General Catalyst	NVIDIA
Best paying industry	Finance	Manufacturing

Differences between entrepreneur and general manager education

There are a few differences between an entrepreneur and a general manager in terms of educational background:

	Entrepreneur	General Manager
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 56%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Entrepreneur vs general manager demographics

Here are the differences between entrepreneurs' and general managers' demographics:

	Entrepreneur	General Manager
Average age	44	44
Gender ratio	Male, 58.5% Female, 41.5%	Male, 70.7% Female, 29.3%
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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	10%	10%

Differences between entrepreneur and general manager duties and responsibilities

Entrepreneur example responsibilities.

Create and manage Instagram pages for clients, which contributes to the increase in social media following.
Manage and find members of band; help create YouTube videos; write music and play guitar.
Start and manage this LLC dedicate to the seasonal retail and wholesale sale of consumer fireworks at multiple locations in Pennsylvania
Formulate strategy and lead resulting IP acquisition and development efforts.
Manage accounting, payroll, advertising, curriculum development, and business relationships.
Develop and maintain site features and landing pages, leveraging customize JavaScript and PHP modules/plugins.

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General manager example responsibilities.

Generate positive EBITDA and improve cash flow by managing costs and inventory.
Manage all recruiting and training efforts, and develop systems to track ROI comparison results.
Work as a FOH AGM and train to manage all staff functions including training, hiring, food and labor controls.
Develop yearly budget for multiple hotels that include revenue, labor, fix and variable costs to achieve overall EBITDA goal.
Task primarily with building logistics infrastructure, managing operational expenses, and supporting start up strategies.
Train and manage FOH staff and improve overall quality, organization and professionalism of restaurant and bakery.

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Entrepreneur vs general manager skills

Common entrepreneur skills

Kids, 51%
Web Design, 7%
Product Development, 5%
Business Plan, 4%
Financial Statements, 4%
Business Model, 2%

Common general manager skills

Customer Service, 20%
Cleanliness, 18%
Food Safety, 7%
Guest Service, 4%
Payroll, 4%
Math, 4%

Entrepreneur vs. similar jobs

Entrepreneur related careers

Entrepreneur related jobs

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Updated January 8, 2025

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