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The differences between entrepreneurs and owner/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 an owner/manager. Additionally, an owner/manager has an average salary of $75,822, 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 an owner/manager are financial statements, inventory control, and customer service.
| Entrepreneur | Owner/Manager | |
| Yearly salary | $70,849 | $75,822 |
| Hourly rate | $34.06 | $36.45 |
| Growth rate | 6% | 6% |
| Number of jobs | 34,711 | 303,790 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 53% |
| Average age | 44 | 44 |
| Years of experience | 6 | 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.
Owners/managers are responsible for establishing a business and managing the operations once the business is running. They plan and make sure that the company has adequate financing. They also handle the initial marketing to get customers. Owners/mangers handle human resources activities, such as hiring and training employees. Once the business has launched, they start delegating activities to other employees and may also start assigning leaders to different departments. However, they still oversee the whole operation. Owners/managers are the top decision-makers and ensure that business strategies align with the goals.
Entrepreneurs and owner/managers have different pay scales, as shown below.
| Entrepreneur | Owner/Manager | |
| Average salary | $70,849 | $75,822 |
| Salary range | Between $42,000 And $118,000 | Between $44,000 And $129,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | General Catalyst | - |
| Best paying industry | Finance | - |
There are a few differences between an entrepreneur and an owner/manager in terms of educational background:
| Entrepreneur | Owner/Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between entrepreneurs' and owner/managers' demographics:
| Entrepreneur | Owner/Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.5% Female, 41.5% | Male, 59.0% Female, 41.0% |
| 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, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |