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Owner vs entrepreneur

The differences between owners 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, becoming an entrepreneur takes usually requires 4-6 years. Additionally, an owner has an average salary of $90,334, which is higher than the $70,849 average annual salary of an entrepreneur.

The top three skills for an owner include customer service, payroll and financial statements. The most important skills for an entrepreneur are kids, web design, and product development.

Owner vs entrepreneur overview

OwnerEntrepreneur
Yearly salary$90,334$70,849
Hourly rate$43.43$34.06
Growth rate6%6%
Number of jobs86,48634,711
Job satisfaction--
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 62%
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 an entrepreneur do?

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 vs entrepreneur salary

Owners and entrepreneurs have different pay scales, as shown below.

OwnerEntrepreneur
Average salary$90,334$70,849
Salary rangeBetween $60,000 And $135,000Between $42,000 And $118,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew JerseyNew York
Best paying companyBP America IncGeneral Catalyst
Best paying industry-Finance

Differences between owner and entrepreneur education

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

OwnerEntrepreneur
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Owner vs entrepreneur demographics

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

OwnerEntrepreneur
Average age5244
Gender ratioMale, 63.1% Female, 36.9%Male, 58.5% Female, 41.5%
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, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5%
LGBT Percentage12%10%

Differences between owner and entrepreneur 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

Entrepreneur example responsibilities.

  • Create and manage Instagram pages for clients, which contributes to the increase in social media following.
  • Manage and find members of band; help create YouTube videos; write music and play guitar.
  • Start and manage this LLC dedicate to the seasonal retail and wholesale sale of consumer fireworks at multiple locations in Pennsylvania
  • Formulate strategy and lead resulting IP acquisition and development efforts.
  • Manage accounting, payroll, advertising, curriculum development, and business relationships.
  • Develop and maintain site features and landing pages, leveraging customize JavaScript and PHP modules/plugins.
    • Show more

Owner vs entrepreneur skills

Common owner skills
  • Customer Service, 25%
  • Payroll, 17%
  • Financial Statements, 8%
  • Product Development, 7%
  • Real Estate, 3%
  • Business Development, 3%
Common entrepreneur skills
  • Kids, 51%
  • Web Design, 7%
  • Product Development, 5%
  • Business Plan, 4%
  • Financial Statements, 4%
  • Business Model, 2%

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Updated January 8, 2025

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