Entrepreneur vs inventor

The differences between entrepreneurs and inventors 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 an inventor takes usually requires 2-4 years. Additionally, an entrepreneur has an average salary of $70,849, which is higher than the $57,594 average annual salary of an inventor.

The top three skills for an entrepreneur include kids, web design and product development. The most important skills for an inventor are CAD, CNC, and R.

Entrepreneur vs inventor overview

	Entrepreneur	Inventor
Yearly salary	$70,849	$57,594
Hourly rate	$34.06	$27.69
Growth rate	6%	3%
Number of jobs	34,711	2,932
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 55%
Average age	44	40
Years of experience	6	4

Entrepreneur vs inventor salary

Entrepreneurs and inventors have different pay scales, as shown below.

	Entrepreneur	Inventor
Average salary	$70,849	$57,594
Salary range	Between $42,000 And $118,000	Between $31,000 And $103,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	General Catalyst	Accenture
Best paying industry	Finance	-

Differences between entrepreneur and inventor education

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

	Entrepreneur	Inventor
Most common degree	Bachelor's Degree, 62%	Bachelor's Degree, 55%
Most common major	Business	Business
Most common college	University of Pennsylvania	Northwestern University

Entrepreneur vs inventor demographics

Here are the differences between entrepreneurs' and inventors' demographics:

	Entrepreneur	Inventor
Average age	44	40
Gender ratio	Male, 58.5% Female, 41.5%	Male, 79.5% Female, 20.5%
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, 1.1% Unknown, 4.5% Hispanic or Latino, 7.3% Asian, 10.1% White, 76.7% American Indian and Alaska Native, 0.4%
LGBT Percentage	10%	8%

Differences between entrepreneur and inventor 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.

Inventor example responsibilities.

Manage DR, social media, PPC & SEO on Google & Facebook
Manage all aspects of production including QC, packaging needs, and adherence to worldwide product standard protocols.
Finish designing and coding a prototype in Java.
Create the 3D model and drawings with Solidworks.
Used EZIO microcontroller I/O board to interface to computer connect toys.
Create data visualization techniques for displaying production analytics data sets for an industrial IoT solution.

Entrepreneur vs inventor skills

Common entrepreneur skills

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

Common inventor skills

CAD, 46%
CNC, 33%
R, 9%
Prototype, 4%
Solidworks, 2%
Product Concepts, 1%