Owner and chief executive officer vs business owner

The differences between owner and chief executive officers and business owners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become an owner and chief executive officer, becoming a business owner takes usually requires 4-6 years. Additionally, an owner and chief executive officer has an average salary of $91,613, which is higher than the $50,934 average annual salary of a business owner.

The top three skills for an owner and chief executive officer include web design, payroll and financial management. The most important skills for a business owner are customer service, payroll, and financial statements.

Owner and chief executive officer vs business owner overview

	Owner And Chief Executive Officer	Business Owner
Yearly salary	$91,613	$50,934
Hourly rate	$44.04	$24.49
Growth rate	6%	6%
Number of jobs	198,481	107,663
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 52%
Average age	52	44
Years of experience	-	6

What does an owner and chief executive officer do?

A business owner can function as the chief executive officer (CEO) of his/her /her own company. Primarily, business owners derive their income or profit from business operations regardless of whether they are participating in its management. A CEO can be a paid executive whose primary job is to guide a company's day-to-day business activities. Owners are responsible for overseeing their company's ongoing evolution while a CEO's primary role is to control these activities. The CEO also develops strategies and tactics and communicates the company's direction to both employees and managers.

What does a business owner do?

Business owners, also known as Entrepreneurs, are responsible for their company and brand's success. There are many areas of responsibility when you're a business owner, such as in the aspects of planning and budgeting, arranging finances and legal documentation, and even hiring the workforce essential for the business to grow. However, these responsibilities will vary according to how a business owner will uphold them. Moreover, building a business from the ground up requires dedication and a vision and mission for the brand.

Owner and chief executive officer vs business owner salary

Owner and chief executive officers and business owners have different pay scales, as shown below.

	Owner And Chief Executive Officer	Business Owner
Average salary	$91,613	$50,934
Salary range	Between $65,000 And $127,000	Between $27,000 And $94,000
Highest paying City	-	Seattle, WA
Highest paying state	-	Washington
Best paying company	-	BD
Best paying industry	-	Retail

Differences between owner and chief executive officer and business owner education

There are a few differences between an owner and chief executive officer and a business owner in terms of educational background:

	Owner And Chief Executive Officer	Business Owner
Most common degree	Bachelor's Degree, 55%	Bachelor's Degree, 52%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Owner and chief executive officer vs business owner demographics

Here are the differences between owner and chief executive officers' and business owners' demographics:

	Owner And Chief Executive Officer	Business Owner
Average age	52	44
Gender ratio	Male, 68.8% Female, 31.2%	Male, 51.4% Female, 48.6%
Race ratio	Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.8% American Indian and Alaska Native, 0.6%	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 Percentage	12%	10%

Differences between owner and chief executive officer and business owner duties and responsibilities

Owner and chief executive officer example responsibilities.

Implement and actively manage POS system and relate activities.
Manage all personnel, purchasing, sales, POS, merchandising and operations.
Lead the effort to pursue the aerospace market as a growth opportunity and economic hedge.
Drive brand awareness and qualify leads through digital strategies including SEO, social media, and content marketing.
Direct strategic initiatives to achieve growth in precision machine parts, fabricate tubes and CNC machining across multiple industries.
Manage sale to venture-backed technology service provider base in NYC.

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.

Owner and chief executive officer vs business owner skills

Common owner and chief executive officer skills

Web Design, 15%
Payroll, 10%
Financial Management, 9%
Product Development, 7%
R, 5%
Sales Strategies, 4%

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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Owner And Chief Executive Officer
Owner And Chief Executive Officer vs Business Owner

Updated January 8, 2025

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