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The differences between owner and chief executive officers and entrepreneurs 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 an entrepreneur 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 $70,849 average annual salary of an entrepreneur.
The top three skills for an owner and chief executive officer include web design, payroll and financial management. The most important skills for an entrepreneur are kids, web design, and product development.
| Owner And Chief Executive Officer | Entrepreneur | |
| Yearly salary | $91,613 | $70,849 |
| Hourly rate | $44.04 | $34.06 |
| Growth rate | 6% | 6% |
| Number of jobs | 198,481 | 34,711 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 62% |
| 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.
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.
Owner and chief executive officers and entrepreneurs have different pay scales, as shown below.
| Owner And Chief Executive Officer | Entrepreneur | |
| Average salary | $91,613 | $70,849 |
| Salary range | Between $65,000 And $127,000 | Between $42,000 And $118,000 |
| 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 owner and chief executive officer and an entrepreneur in terms of educational background:
| Owner And Chief Executive Officer | Entrepreneur | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 62% |
| 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 entrepreneurs' demographics:
| Owner And Chief Executive Officer | Entrepreneur | |
| Average age | 52 | 44 |
| Gender ratio | Male, 68.8% Female, 31.2% | Male, 58.5% Female, 41.5% |
| 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, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 10% |