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The differences between entrepreneurs and store 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 store manager. Additionally, an entrepreneur has an average salary of $70,849, which is higher than the $46,950 average annual salary of a store manager.
The top three skills for an entrepreneur include kids, web design and product development. The most important skills for a store manager are store management, retail store, and customer service.
| Entrepreneur | Store Manager | |
| Yearly salary | $70,849 | $46,950 |
| Hourly rate | $34.06 | $22.57 |
| Growth rate | 6% | 6% |
| Number of jobs | 34,711 | 446,127 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 48% |
| 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.
A store manager is responsible for monitoring the daily operations, making sure of its smooth and efficient performance with the best services provided to the customers. Store managers' duty also includes tracking the budget of the store to ensure that all expenses are meeting the sales goals. A store manager must also be able to plan and share strategies to boost sales performance and provide the needed support for the employees by communicating with them regularly, listening on suggestions, and taking necessary actions for complaints as required.
Entrepreneurs and store managers have different pay scales, as shown below.
| Entrepreneur | Store Manager | |
| Average salary | $70,849 | $46,950 |
| Salary range | Between $42,000 And $118,000 | Between $30,000 And $73,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | Delaware |
| Best paying company | General Catalyst | Meta |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an entrepreneur and a store manager in terms of educational background:
| Entrepreneur | Store Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 48% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between entrepreneurs' and store managers' demographics:
| Entrepreneur | Store Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.5% Female, 41.5% | Male, 51.2% Female, 48.8% |
| 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, 15.1% Asian, 6.3% White, 67.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |