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We know what you're thinking - as an owner, your only role is to hire people to run your company and then sit back and enjoy the view. Well, we're here to tell you that that's wishful thinking. While it'll probably pay off eventually, being an owner of a company is hard stuff.

Sure, you can still hire people to help carry out tasks, but you also need to be reviewing sales, coming up with marketing strategies, and even overseeing operations. The biggest role you have is finding new opportunities to grow or expand your business.

Many business owners who are just starting out typically work really long hours. It takes a lot of work to get an idea off the ground. In general, a 50-60-hour workweek isn't uncommon, especially in the beginning. Once the business takes off, then you can start to afford little luxuries, like working less hours.

There is more than meets the eye when it comes to being an owner. For example, did you know that they make an average of $49.53 an hour? That's $103,032 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.

What Does an Owner Do

There are certain skills that many owners have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed hand-eye coordination, hearing ability and physical health.

Learn more about what an Owner does

How To Become an Owner

If you're interested in becoming an owner, one of the first things to consider is how much education you need. We've determined that 51.9% of owners have a bachelor's degree. In terms of higher education levels, we found that 8.0% of owners have master's degrees. Even though most owners have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an owner. When we researched the most common majors for an owner, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on owner resumes include high school diploma degrees or master's degree degrees.

You may find that experience in other jobs will help you become an owner. In fact, many owner jobs require experience in a role such as manager. Meanwhile, many owners also have previous career experience in roles such as general manager or office manager.

Owner Career Paths

Average Salary for an Owner

Owners in America make an average salary of $103,032 per year or $50 per hour. The top 10 percent makes over $143,000 per year, while the bottom 10 percent under $73,000 per year.
Average Owner Salary
$103,032 Yearly
$49.53 hourly
$73,000
10 %
$103,000
Median
$143,000
90 %

What Am I Worth?

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Owner Education

Owner Majors

32.3 %

Owner Degrees

Bachelors

51.9 %

Associate

19.9 %

High School Diploma

11.8 %

Top Colleges for Owners

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. University of Texas at Austin

Austin, TX • Private

In-State Tuition
$10,610
Enrollment
40,329

5. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

6. Northeastern University

Boston, MA • Private

In-State Tuition
$51,522
Enrollment
13,760

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. George Washington University, The

Washington, DC • Private

In-State Tuition
$55,230
Enrollment
12,161

9. Lehigh University

Bethlehem, PA • Private

In-State Tuition
$52,930
Enrollment
5,030

10. Pennsylvania State University

University Park, PA • Private

In-State Tuition
$18,454
Enrollment
40,108

Top Skills For an Owner

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 15.8% of owners listed customer service on their resume, but soft skills such as hand-eye coordination and hearing ability are important as well.

  • Customer Service, 15.8%
  • Payroll, 10.6%
  • Company Website, 5.8%
  • OWN Business, 5.0%
  • Online, 5.0%
  • Other Skills, 57.8%

Choose From 10+ Customizable Owner Resume templates

Zippia allows you to choose from different easy-to-use Owner templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Owner resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Owner Demographics

Owner Gender Distribution

Male
Male
63%
Female
Female
37%

After extensive research and analysis, Zippia's data science team found that:

  • Among owners, 36.9% of them are women, while 63.1% are men.

  • The most common race/ethnicity among owners is White, which makes up 81.8% of all owners.

  • The most common foreign language among owners is Spanish at 53.3%.

Online Courses For Owner That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
Customer Service
udemy
4.6
(4,889)

How to Approach New Customers and Maintain Existing Ones...

Customer Service Training Keys To Satisfy Your Customers
udemy
4.5
(257)

An introduction to customer service and its importance in any business...

Customer Service, Customer Support, And Customer Experience
udemy
4.4
(282)

Customer service, customer support, and customer experience training. Loyal clients through world-class customer service...

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Best States For an Owner

Some places are better than others when it comes to starting a career as an owner. The best states for people in this position are New Jersey, Delaware, Illinois, and California. Owners make the most in New Jersey with an average salary of $155,957. Whereas in Delaware and Illinois, they would average $125,697 and $122,921, respectively. While owners would only make an average of $121,874 in California, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Oklahoma

Total Owner Jobs:
3,245
Highest 10% Earn:
$160,000
Location Quotient:
2.92 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Illinois

Total Owner Jobs:
4,615
Highest 10% Earn:
$173,000
Location Quotient:
1.07 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Delaware

Total Owner Jobs:
254
Highest 10% Earn:
$172,000
Location Quotient:
0.56 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Owners

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Top Owner Employers

Most Common Employers For Owner

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Etsy$132,798$63.8543
2eBay$125,904$60.53216
3Extreme Networks$111,566$53.6447
4Homes.com$105,026$50.4945
5Melissa$103,890$49.9542
6Cleaning Services Group$103,203$49.6244
7CrossFit$103,202$49.6243
8JP Enterprises$103,031$49.5358
9Sweet$103,031$49.5356
10UPS$102,533$49.2972

Owner Videos

Becoming an Owner FAQs

How long does it take to become an Owner?

It takes 7 years of professional experience to become an owner. That is the time it takes to learn specific owner skills, but does not account for time spent in formal education. If you include the normal education requirements to complete a college degree, then it takes 10 to 12 years years to become an owner.

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