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Franchise owner vs business owner

The differences between franchise owners and business owners can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a franchise owner and a business owner. Additionally, a business owner has an average salary of $50,934, which is higher than the $49,588 average annual salary of a franchise owner.

The top three skills for a franchise owner include commercial cleaning, senior care and customer service. The most important skills for a business owner are customer service, payroll, and financial statements.

Franchise owner vs business owner overview

Franchise OwnerBusiness Owner
Yearly salary$49,588$50,934
Hourly rate$23.84$24.49
Growth rate6%6%
Number of jobs91,048107,663
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 52%
Average age4444
Years of experience66

Franchise owner vs business owner salary

Franchise owners and business owners have different pay scales, as shown below.

Franchise OwnerBusiness Owner
Average salary$49,588$50,934
Salary rangeBetween $39,000 And $62,000Between $27,000 And $94,000
Highest paying CityNew York, NYSeattle, WA
Highest paying stateNew JerseyWashington
Best paying companyMac ToolsBD
Best paying industryConstructionRetail

Differences between franchise owner and business owner education

There are a few differences between a franchise owner and a business owner in terms of educational background:

Franchise OwnerBusiness Owner
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Franchise owner vs business owner demographics

Here are the differences between franchise owners' and business owners' demographics:

Franchise OwnerBusiness Owner
Average age4444
Gender ratioMale, 69.0% Female, 31.0%Male, 51.4% Female, 48.6%
Race ratioBlack or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.2% American Indian and Alaska Native, 0.5%Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between franchise owner and business owner duties and responsibilities

Franchise owner example responsibilities.

  • Manage preparation and growth of monthly email newsletter, Facebook interface.
  • manage all account payable and accounts receivable, A/P aging, A/R aging.
  • Manage website and administer social media platforms such as Facebook to boost traffic and business sales.
  • Own and manage apartment community; perform scheduling, data entry, marketing, A/P, A/R, payroll and advertising.
  • Manage complete operation of the HVAC and refrigeration service company
  • Direct day-to-day business operations, including payroll, inventory control, and profit/loss statements.
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Business owner example responsibilities.

  • Manage the budget and insure operations run smoothly.
  • Create, own and manage a LLC for grind pet transportation.
  • Establish and manage a beading boutique via the Internet by utilizing Photoshop to post designs on a personal website.
  • Manage sales, customer service, billing, A/P, A/R, vendor relations, negotiations, repairs, and maintenance.
  • Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
  • Handle all aspects from A/P to A/R, payroll, ordering and dealing with all distributors and city officials.
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Franchise owner vs business owner skills

Common franchise owner skills
  • Commercial Cleaning, 57%
  • Senior Care, 30%
  • Customer Service, 3%
  • Payroll, 2%
  • Franchise Business, 1%
  • Financial Statements, 1%
Common business owner skills
  • Customer Service, 31%
  • Payroll, 12%
  • Financial Statements, 9%
  • Business Plan, 7%
  • Business Model, 3%
  • Real Estate, 2%

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