Restaurant owner vs business owner

The differences between restaurant owners and business owners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a restaurant owner, becoming a business owner takes usually requires 4-6 years. Additionally, a business owner has an average salary of $50,934, which is higher than the $48,167 average annual salary of a restaurant owner.

The top three skills for a restaurant owner include customer service, menu planning and food safety. The most important skills for a business owner are customer service, payroll, and financial statements.

Restaurant owner vs business owner overview

	Restaurant Owner	Business Owner
Yearly salary	$48,167	$50,934
Hourly rate	$23.16	$24.49
Growth rate	10%	6%
Number of jobs	175,102	107,663
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 52%
Average age	39	44
Years of experience	4	6

Restaurant owner vs business owner salary

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

	Restaurant Owner	Business Owner
Average salary	$48,167	$50,934
Salary range	Between $36,000 And $63,000	Between $27,000 And $94,000
Highest paying City	-	Seattle, WA
Highest paying state	-	Washington
Best paying company	-	BD
Best paying industry	-	Retail

Differences between restaurant owner and business owner education

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

	Restaurant Owner	Business Owner
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 52%
Most common major	Business	Business
Most common college	Cornell University	University of Pennsylvania

Restaurant owner vs business owner demographics

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

	Restaurant Owner	Business Owner
Average age	39	44
Gender ratio	Male, 54.5% Female, 45.5%	Male, 51.4% Female, 48.6%
Race ratio	Black or African American, 10.2% Unknown, 5.6% Hispanic or Latino, 18.5% Asian, 9.5% White, 55.6% 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 Percentage	10%	10%

Differences between restaurant owner and business owner duties and responsibilities

Restaurant owner example responsibilities.

Manage FOH and BOH for a high volume family casual cafe.
License Maryland home improvement contractor managing a small home improvement business that specializes in doors and windows.
Implement computerized POS system and oversee all financial reporting, including setting up internal controls over cash and tip reporting.
Verify POS inventory versus physical inventory to ensure accuracy and monitor theft or inefficient use of products.
Perform market research analysis/comparison/trends/consultation for current and prospective clients /weekly PowerPoint presentations Accomplishments/Rewards.
Control both FOH and BOH operations and proactively solve issues.

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.

Restaurant owner vs business owner skills

Common restaurant owner skills

Customer Service, 21%
Menu Planning, 18%
Food Safety, 10%
Inventory Control, 4%
Restaurant Operations, 3%
POS, 2%

Common business owner skills

Customer Service, 31%
Payroll, 12%
Financial Statements, 9%
Business Plan, 7%
Business Model, 3%
Real Estate, 2%