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Become An Owner

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Working As An Owner

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Communicating with Persons Outside Organization
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $130,041

    Average Salary

What Does An Owner Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become An Owner

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Owner Videos

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Owner Career Paths

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Owner Demographics

Gender

Male

61.0%

Female

37.3%

Unknown

1.7%
Ethnicity

White

65.1%

Hispanic or Latino

13.7%

Black or African American

10.8%

Asian

6.7%

Unknown

3.8%
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Foreign Languages Spoken

Spanish

52.2%

French

9.9%

German

5.4%

Italian

3.9%

Portuguese

3.7%

Chinese

3.1%

Russian

3.0%

Arabic

2.8%

Japanese

2.6%

Mandarin

2.5%

Carrier

1.8%

Korean

1.7%

Swedish

1.4%

Polish

1.0%

Hindi

1.0%

Dakota

0.9%

Greek

0.9%

Vietnamese

0.8%

Hebrew

0.7%

Cantonese

0.7%
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Owner Education

Schools

University of Phoenix

24.0%

Liberty University

6.5%

Michigan State University

5.3%

Kaplan University

4.7%

Arizona State University

4.6%

Ashford University

4.3%

Southern New Hampshire University

4.0%

Texas A&M University

3.8%

University of Houston

3.8%

Pennsylvania State University

3.7%

Auburn University

3.7%

University of Florida

3.7%

University of Alabama

3.6%

West Virginia University

3.6%

Florida State University

3.6%

University of Utah

3.6%

Ohio State University

3.4%

Purdue University

3.4%

University of Texas at Austin

3.4%

Brigham Young University

3.4%
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Majors

Business

33.0%

Accounting

7.0%

Marketing

5.3%

Management

5.1%

Psychology

4.5%

Communication

4.4%

Computer Science

4.2%

Criminal Justice

3.9%

Education

3.9%

Finance

3.5%

Electrical Engineering

3.3%

Graphic Design

3.0%

General Studies

3.0%

Nursing

3.0%

Law

2.4%

English

2.3%

Liberal Arts

2.2%

Health Care Administration

2.2%

Political Science

2.0%

Fine Arts

2.0%
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Degrees

Bachelors

34.9%

Other

31.1%

Masters

12.5%

Associate

11.9%

Certificate

5.1%

Doctorate

2.4%

Diploma

1.2%

License

0.8%
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Owner Videos

A Pet Owner's Guide to the Dog Crate : Raising Your Dog

Owner's Kids Forced to Work 7 Days A Week For No Salary - Kitchen Nightmares

How to Deal With Off-Leash Dogs & Their Owners : Raising Your Dog

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Real Owner Salaries

Job Title Company Location Start Date Salary
Technical Delivery Owner Accolite Inc. Ashburn, VA Jun 03, 2013 $166,000 -
$170,000
Technical Delivery Owner Accolite Workforce Solutions LLC Ashburn, VA May 20, 2013 $166,000 -
$170,000
Global Process Owner, Global Recruitment Glaxosmithkline Consumer Healthcare Holding (Us) LLC Warren, NJ Jul 15, 2016 $163,592 -
$233,800
Senior Application Owner Linkedin Corporation Mountain View, CA Dec 02, 2014 $158,000 -
$187,200
Functional Owner of Contracts/Pricing for SAP Usage Based BI Lexmark International, Inc. Lexington, KY Jan 03, 2016 $150,000
FUN. Owner Contracts/Pricing SAP UB Billing System Lexmark International, Inc. Lexington, KY Mar 01, 2014 $150,000
Global Process Owner, Global Recruitment Novartis Consumer Health, Inc. (OTC) Parsippany-Troy Hills, NJ Mar 02, 2015 $145,954 -
$275,000
Add-Ons Owner Salesforce.Com, Inc. San Francisco, CA Feb 11, 2014 $144,900
Division Process Owner Firmenich, Inc. Plainsboro, NJ Jul 01, 2013 $142,802
Senior Application Owner Linkedin Corporation Mountain View, CA Dec 16, 2013 $134,534 -
$187,200
Functional Owner .02) Harman Becker Automotive Systems, Inc. Novi, MI Nov 14, 2016 $126,000
Regional Process Owner, Latam Microsoft Corporation Fort Lauderdale, FL Dec 20, 2013 $123,771
Process Owner-Scientific Im Flash Technologies, LLC Lehi, UT Jan 12, 2016 $121,980
Senior IT Solution Owner-Forward Logistics T-Mobile USA, Inc. Bellevue, WA Oct 15, 2015 $101,941 -
$117,000
Process Owner Scientific Basis Im Flash Technologies, LLC Lehi, UT Mar 24, 2014 $100,500
Dry Etch Process Owner Im Flash Technologies, LLC Lehi, UT Apr 01, 2014 $100,500
Process Owner Scientific Basis Im Flash Technologies, LLC Lehi, UT Jul 01, 2013 $100,500
MAL Process Owner Im Flash Technologies, LLC Lehi, UT Aug 18, 2016 $100,000
Process Owner Im Flash Technologies, LLC Lehi, UT Feb 20, 2014 $99,080
Process Owner-Scientific Basis Im Flash Technologies, LLC Lehi, UT Sep 16, 2013 $99,080
Process Owner Im Flash Technologies, LLC Lehi, UT Sep 16, 2013 $99,080
Dry Etch Process Owner Junior Micron Technology, Inc. Manassas, VA Dec 11, 2016 $90,869
Senior Wet Process Pocess Equipment Owner Im Flash Technologies, LLC Lehi, UT Aug 22, 2016 $90,000
P.I. Module Owner Im Flash Technologies, LLC Lehi, UT Aug 18, 2016 $90,000
Senior Wet Process Equipment Owner Im Flash Technologies, LLC Lehi, UT Aug 22, 2016 $90,000
Photo Spc/Fd Owner Im Flash Technologies, LLC Lehi, UT Aug 18, 2016 $89,610
Photo Process Owner Im Flash Technologies, LLC Lehi, UT Aug 22, 2016 $89,610
Function Owner Vision Systems-Cyber Security Valeo North America, Inc. Troy, MI Nov 14, 2016 $88,500
MAL Process Owner Im Flash Technologies, LLC Lehi, UT Nov 14, 2016 $88,230

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Top Skills for An Owner

  1. Web Design
  2. Payroll
  3. Product Development
You can check out examples of real life uses of top skills on resumes here:
  • Utilized Photography experience to deliver graphic assets on web design.
  • Hired employees Ordered supplies Fabricated fittings and materials Organized daily schedule of jobs Weekly payroll New home installation Serviced units
  • Handled all facets of marketing, financial analysis, merchandising, staff training/supervision, and product development/purchasing.
  • Prepare monthly and yearly financial statements for partnerships and limited liability companies.
  • Delivered exceptional customer service, resulting in generation of referrals and repeat business.

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Top 10 Best States for Owners

  1. South Dakota
  2. Illinois
  3. Texas
  4. Michigan
  5. Nebraska
  6. Pennsylvania
  7. Iowa
  8. Rhode Island
  9. Georgia
  10. Louisiana
  • (92 jobs)
  • (1,390 jobs)
  • (1,704 jobs)
  • (787 jobs)
  • (135 jobs)
  • (875 jobs)
  • (480 jobs)
  • (58 jobs)
  • (1,048 jobs)
  • (443 jobs)

Top Owner Employers

Jobs From Top Owner Employers

Owner Videos

A Pet Owner's Guide to the Dog Crate : Raising Your Dog

Owner's Kids Forced to Work 7 Days A Week For No Salary - Kitchen Nightmares

How to Deal With Off-Leash Dogs & Their Owners : Raising Your Dog

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