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Owner vs business owner

The differences between owners and business owners 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, becoming a business owner takes usually requires 4-6 years. Additionally, an owner has an average salary of $90,334, which is higher than the $50,934 average annual salary of a business owner.

The top three skills for an owner include customer service, payroll and financial statements. The most important skills for a business owner are customer service, payroll, and financial statements.

Owner vs business owner overview

OwnerBusiness Owner
Yearly salary$90,334$50,934
Hourly rate$43.43$24.49
Growth rate6%6%
Number of jobs86,486107,663
Job satisfaction--
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 52%
Average age5244
Years of experience-6

What does an owner do?

Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.

What does a business owner do?

Business owners, also known as Entrepreneurs, are responsible for their company and brand's success. There are many areas of responsibility when you're a business owner, such as in the aspects of planning and budgeting, arranging finances and legal documentation, and even hiring the workforce essential for the business to grow. However, these responsibilities will vary according to how a business owner will uphold them. Moreover, building a business from the ground up requires dedication and a vision and mission for the brand.

Owner vs business owner salary

Owners and business owners have different pay scales, as shown below.

OwnerBusiness Owner
Average salary$90,334$50,934
Salary rangeBetween $60,000 And $135,000Between $27,000 And $94,000
Highest paying CityNew York, NYSeattle, WA
Highest paying stateNew JerseyWashington
Best paying companyBP America IncBD
Best paying industry-Retail

Differences between owner and business owner education

There are a few differences between an owner and a business owner in terms of educational background:

OwnerBusiness Owner
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Owner vs business owner demographics

Here are the differences between owners' and business owners' demographics:

OwnerBusiness Owner
Average age5244
Gender ratioMale, 63.1% Female, 36.9%Male, 51.4% Female, 48.6%
Race ratioBlack or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6%Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5%
LGBT Percentage12%10%

Differences between owner and business owner duties and responsibilities

Owner example responsibilities.

  • Manage web content and a PHP / MySQL application.
  • Create and develop a website to help clients easily manage their instagram account to gain exposure.
  • Execute all social media marketing and manage the company Facebook page/campaigns.
  • Manage human resource functions by generating payroll, scheduling and upholding company policies.
  • License Maryland home improvement contractor managing a small home improvement business that specializes in doors and windows.
  • Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
    • Show more

Business owner example responsibilities.

  • Manage the budget and insure operations run smoothly.
  • Create, own and manage a LLC for grind pet transportation.
  • Establish and manage a beading boutique via the Internet by utilizing Photoshop to post designs on a personal website.
  • Manage sales, customer service, billing, A/P, A/R, vendor relations, negotiations, repairs, and maintenance.
  • Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
  • Handle all aspects from A/P to A/R, payroll, ordering and dealing with all distributors and city officials.
    • Show more

Owner vs business owner skills

Common owner skills
  • Customer Service, 25%
  • Payroll, 17%
  • Financial Statements, 8%
  • Product Development, 7%
  • Real Estate, 3%
  • Business Development, 3%
Common business owner skills
  • Customer Service, 31%
  • Payroll, 12%
  • Financial Statements, 9%
  • Business Plan, 7%
  • Business Model, 3%
  • Real Estate, 2%

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Updated January 8, 2025

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