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.

Owner Responsibilities

Here are examples of responsibilities from real owner resumes representing typical tasks they are likely to perform in their roles.

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.
Implement marketing strategies via Facebook and Instagram.
Complete all administrative business responsibilities, A/P, A/R, payroll, sales and payroll, along with payroll taxes etc.
Deliver on-site training programs in human LLC resources management, customer service, project management and business communication.
Provide education seminars to Medicare beneficiaries and assist in their enrollment into plans that fit their financial and health needs.
Perform all accounting functions to include A/P, A/R, petty cash, deposits, bank reconciliations and trial and balance.
Clean residential and commercial windows.
Conduct extensive keyword research and develop a comprehensive SEO strategy.
Manipulate and enhance digital images to create desire effects using Photoshop.
Perform both commercial and residential landscaping services, including mowing services.

Owner Skills and Personality Traits

We calculated that 25% of Owners are proficient in Customer Service, Payroll, and Financial Statements. They’re also known for soft skills such as Hand-eye coordination, Hearing ability, and Physical health.

We break down the percentage of Owners that have these skills listed on their resume here:

Customer Service, 25%
Implemented a customer development strategy to grow internal communication and provide better customer service with reduced client wait times.
Payroll, 17%
Hired employees Ordered supplies Fabricated fittings and materials Organized daily schedule of jobs Weekly payroll New home installation Serviced units
Financial Statements, 8%
Reviewed activity reports and financial statements to determine progress in attaining objectives, and revised plans in accordance with current conditions.
Product Development, 7%
Assisted with the set-up, implementation and management of numerous relationship management, product development, and acquisition initiatives.
Real Estate, 3%
Researched and acquired undervalued real estate property investments using innovative search techniques resulting in acquiring properties with great profit margins.
Business Development, 3%
Directed company operations emphasizing business development.

Some of the skills we found on owner resumes included "customer service," "payroll," and "financial statements." We have detailed the most important owner responsibilities below.

Another common skill for an owner to be able to utilize is "communication skills." Top executives must be able to communicate clearly and persuasively an owner demonstrated the need for this skill by putting this on their resume: "create and maintain positive customer relations through communication. "

Lastly, this career requires you to be skillful in "leadership skills." According to owner resumes, "top executives must be able to lead an organization successfully by coordinating policies, people, and resources." This resume example highlights how owner responsibilities rely on this skill: "served on the leadership council and product development team for the parent franchise. "

See the full list of owner skills.

The three companies that hire the most prestigious owners are:

Allstate310 Owners Jobs
Farmers Insurance301 Owners Jobs
American Family Insurance95 Owners Jobs

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What Vice Presidents Do

Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties. They may also represent the organization in external events and other official functions. They are important members of the boardroom, and their opinions are usually sought after as well. Vice presidents are usually poised to follow the president's footsteps in the organization, especially if the president is nearing retirement. They also make urgent and crucial decisions when the president is not available to do so. Vice presidents must have strong business acumen, decision-making skills, and professionalism.

We looked at the average owner annual salary and compared it with the average of a vice president. Generally speaking, vice presidents receive $68,303 higher pay than owners per year.

Even though owners and vice presidents have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require customer service, payroll, and financial statements in the day-to-day roles.

These skill sets are where the common ground ends though. An owner responsibility is more likely to require skills like "windows," "business management," "photography," and "graphic design." Whereas a vice president requires skills like "healthcare," "oversight," "project management," and "risk management." Just by understanding these different skills you can see how different these careers are.

Vice presidents tend to reach higher levels of education than owners. In fact, vice presidents are 6.7% more likely to graduate with a Master's Degree and 0.8% more likely to have a Doctoral Degree.

What Are The Duties Of a President?

Presidents are usually the highest-level executives in an organization. They oversee the whole company. They identify clear goals and provide strategic direction as the company works towards the achievement of their overall vision. Presidents are the decision-makers in the company. They make crucial decisions to ensure that the company continues to grow and survives challenges that come their way. They are expected to consider all stakeholders, from the board of directors and employees to the customers in their decision-making process. Presidents also represent the company in external functions, especially during high-level events. As such, they are expected to be professional, well-mannered, and good communicators.

The next role we're going to look at is the president profession. Typically, this position earns a higher pay. In fact, they earn a $101,995 higher salary than owners per year.

While the salary may be different for these job positions, there is one similarity and that's a few of the skills needed to perform certain duties. We used info from lots of resumes to find that both owners and presidents are known to have skills such as "payroll," "financial statements," and "product development. "

But both careers also use different skills, according to real owner resumes. While owner responsibilities can utilize skills like "customer service," "business management," "photography," and "graphic design," some presidents use skills like "r," "alumni," "risk management," and "fraternity."

On the topic of education, presidents earn similar levels of education than owners. In general, they're 4.1% more likely to graduate with a Master's Degree and 0.8% more likely to earn a Doctoral Degree.

How a President/Chief Executive Officer Compares

Considered as the highest authority in a company, a president/chief executive officer is in charge of leading the company by implementing corporate decisions and shaping the organization to its fullest extent. They must craft strategic plans and guidelines, enforce policies and standards, direct the vision and mission, and address the public as the head of the company. Furthermore, a president/chief executive officer must maintain an active line of communication at all times as they must report to a board of directors and coordinate with other company employees.

Let's now take a look at the president/chief executive officer profession. On average, these workers make higher salaries than owners with a $150,398 difference per year.

While looking through the resumes of several owners and president/chief executive officers we discovered that both professions have similar skills. These similarities include skills such as "payroll," "financial statements," and "product development," but they differ when it comes to other required skills.

As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from owners resumes, they are more likely to have skills like "customer service," "windows," "business management," and "photography." But a president/chief executive officer might have skills like "financial management," "revenue growth," "r," and "strategic partnerships."

President/chief executive officers are known to earn higher educational levels when compared to owners. Additionally, they're 10.5% more likely to graduate with a Master's Degree, and 2.1% more likely to earn a Doctoral Degree.

Description Of an Executive Director

Executive directors are top management employees who usually function as a chief executive officer. This role is usually seen in non-profit organizations. Executive directors provide strategic direction to the organization, and they ensure that the organization's goals are actualized. They provide guidance to the employees and ensure that the employees have the organization's advocacies at the center of every project or program. They oversee the policies of the organization and create strategies that will bring the organization's programs forward. Executive directors are also responsible for making crucial decisions for the betterment of the organization.

Executive directors tend to earn a higher pay than owners by about $37,622 per year.

While both owners and executive directors complete day-to-day tasks using similar skills like customer service, payroll, and financial statements, the two careers also vary in other skills.

Each job requires different skills like "product development," "real estate," "windows," and "business management," which might show up on an owner resume. Whereas executive director might include skills like "oversight," "patients," "financial management," and "home health."

Executive directors reach higher levels of education when compared to owners. The difference is that they're 13.6% more likely to earn a Master's Degree more, and 2.1% more likely to graduate with a Doctoral Degree.