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The differences between owner and chief executive officers and co-owner/operators 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 co-owner/operator 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 $32,256 average annual salary of a co-owner/operator.
The top three skills for an owner and chief executive officer include web design, payroll and financial management. The most important skills for a co-owner/operator are co-op, patients, and data analysis.
| Owner And Chief Executive Officer | Co-Owner/Operator | |
| Yearly salary | $91,613 | $32,256 |
| Hourly rate | $44.04 | $15.51 |
| Growth rate | 6% | 6% |
| Number of jobs | 198,481 | 95,615 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 60% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
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.
A co-owner/operator is responsible for delivering goods and services for the companies using their trucks and vehicles. Co-owner/operators ensure timely merchandise deliveries, check the quantity and quality of the cargo, and follow routes accordingly. They also inspect vehicle conditions, identify any inconsistencies, and perform troubleshooting for malfunction for immediate repair or replacement of components to prevent deliveries delays. A co-owner/operator must have clean driving records, adhering to the road's safety regulations.
Owner and chief executive officers and co-owner/operators have different pay scales, as shown below.
| Owner And Chief Executive Officer | Co-Owner/Operator | |
| Average salary | $91,613 | $32,256 |
| Salary range | Between $65,000 And $127,000 | Between $21,000 And $49,000 |
| Highest paying City | - | Rahway, NJ |
| Highest paying state | - | New York |
| Best paying company | - | BorgWarner |
| Best paying industry | - | Technology |
There are a few differences between an owner and chief executive officer and a co-owner/operator in terms of educational background:
| Owner And Chief Executive Officer | Co-Owner/Operator | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between owner and chief executive officers' and co-owner/operators' demographics:
| Owner And Chief Executive Officer | Co-Owner/Operator | |
| Average age | 52 | 44 |
| Gender ratio | Male, 68.8% Female, 31.2% | Male, 58.4% Female, 41.6% |
| 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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.4% White, 67.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 10% |