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President/owner vs co-owner/operator

The differences between president/owners and co-owner/operators 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 co-owner/operator. Additionally, a president/owner has an average salary of $114,992, which is higher than the $32,256 average annual salary of a co-owner/operator.

The top three skills for a president/owner include financial statements, payroll and product development. The most important skills for a co-owner/operator are co-op, patients, and data analysis.

President/owner vs co-owner/operator overview

President/OwnerCo-Owner/Operator
Yearly salary$114,992$32,256
Hourly rate$55.28$15.51
Growth rate6%6%
Number of jobs83,31495,615
Job satisfaction--
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 60%
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 co-owner/operator do?

A co-owner/operator is responsible for delivering goods and services for the companies using their trucks and vehicles. Co-owner/operators ensure timely merchandise deliveries, check the quantity and quality of the cargo, and follow routes accordingly. They also inspect vehicle conditions, identify any inconsistencies, and perform troubleshooting for malfunction for immediate repair or replacement of components to prevent deliveries delays. A co-owner/operator must have clean driving records, adhering to the road's safety regulations.

President/owner vs co-owner/operator salary

President/owners and co-owner/operators have different pay scales, as shown below.

President/OwnerCo-Owner/Operator
Average salary$114,992$32,256
Salary rangeBetween $76,000 And $172,000Between $21,000 And $49,000
Highest paying City-Rahway, NJ
Highest paying state-New York
Best paying company-BorgWarner
Best paying industry-Technology

Differences between president/owner and co-owner/operator education

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

President/OwnerCo-Owner/Operator
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

President/owner vs co-owner/operator demographics

Here are the differences between president/owners' and co-owner/operators' demographics:

President/OwnerCo-Owner/Operator
Average age4444
Gender ratioMale, 75.8% Female, 24.2%Male, 58.4% Female, 41.6%
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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.4% White, 67.6% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between president/owner and co-owner/operator 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

Co-owner/operator example responsibilities.

  • Manage shipping and warehousing for the entire U.S., as well as A/R & A/P.
  • Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
  • Perform renovations and finishing work, roof work, windows, siding and much more.
  • Developed/Maintain Facebook page for marketing/advertising.
  • Developed/Maintain Facebook page for marketing/advertising.

President/owner vs co-owner/operator skills

Common president/owner skills
  • Financial Statements, 14%
  • Payroll, 13%
  • Product Development, 10%
  • Business Plan, 6%
  • Real Estate, 6%
  • R, 5%
Common co-owner/operator skills
  • Co-Op, 35%
  • Patients, 10%
  • Data Analysis, 7%
  • PowerPoint, 6%
  • Python, 4%
  • C++, 3%

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