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President/owner vs business owner

The differences between president/owners and business owners can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a president/owner and a business owner. Additionally, a president/owner has an average salary of $114,992, which is higher than the $50,934 average annual salary of a business owner.

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

President/owner vs business owner overview

President/OwnerBusiness Owner
Yearly salary$114,992$50,934
Hourly rate$55.28$24.49
Growth rate6%6%
Number of jobs83,314107,663
Job satisfaction--
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 52%
Average age4444
Years of experience66

What does a president/owner do?

A President or Owner can have varying responsibilities depending on the organization or company that they operate. However, most of the time, they are the leaders who oversee the entire function and revenues in their business, including the hiring and management process. The President and Owner can also be the face of a company, often appearing to address and communicate to the public. Furthermore, they are responsible for implementing guidelines that would drive the company towards its vision and mission.

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.

President/owner vs business owner salary

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

President/OwnerBusiness Owner
Average salary$114,992$50,934
Salary rangeBetween $76,000 And $172,000Between $27,000 And $94,000
Highest paying City-Seattle, WA
Highest paying state-Washington
Best paying company-BD
Best paying industry-Retail

Differences between president/owner and business owner education

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

President/OwnerBusiness Owner
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

President/owner vs business owner demographics

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

President/OwnerBusiness Owner
Average age4444
Gender ratioMale, 75.8% Female, 24.2%Male, 51.4% Female, 48.6%
Race ratioBlack or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.7% American Indian and Alaska Native, 0.5%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 Percentage10%10%

Differences between president/owner and business owner duties and responsibilities

President/owner example responsibilities.

  • Manage business functions: payroll, A/P, A/R, taxes, business direction, and negotiate contracts.
  • Manage and maintain business/banking/ordering/scheduling/event coordination and payroll weekly.
  • Oversee financial reporting and analysis, costing, budgeting, A/P, A/R, collections, fix assets, etc.
  • Assist with clients' selections and have immense knowledge of paint, tile, flooring, windows, cabinets, doors ...
  • Obtain and complete the documentation necessary to form the LLC and vendor licensing to do business in the state of Ohio.
  • Conduct yearly meetings and product presentations directly to LLC stakeholders.
  • 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

President/owner vs business owner skills

Common president/owner skills
  • Financial Statements, 14%
  • Payroll, 13%
  • Product Development, 10%
  • Business Plan, 6%
  • Real Estate, 6%
  • R, 5%
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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