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 $43.29 an hour? That's $90,038 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.
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.
When it comes to the most important skills required to be an owner, we found that a lot of resumes listed 15.8% of owners included customer service, while 10.6% of resumes included payroll, and 5.8% of resumes included company website. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the owner job title. But what industry to start with? Most owners actually find jobs in the retail and manufacturing industries.
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 42.0% of owners have a bachelor's degree. In terms of higher education levels, we found that 6.4% of owners have master's degrees. Even though some 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.