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Retail business manager vs business owner

The differences between retail business managers 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 retail business manager and a business owner. Additionally, a retail business manager has an average salary of $80,435, which is higher than the $50,934 average annual salary of a business owner.

The top three skills for a retail business manager include quality customer service, pricing strategy and cash handling. The most important skills for a business owner are customer service, payroll, and financial statements.

Retail business manager vs business owner overview

Retail Business ManagerBusiness Owner
Yearly salary$80,435$50,934
Hourly rate$38.67$24.49
Growth rate6%6%
Number of jobs414,203107,663
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 52%
Average age4444
Years of experience66

Retail business manager vs business owner salary

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

Retail Business ManagerBusiness Owner
Average salary$80,435$50,934
Salary rangeBetween $49,000 And $131,000Between $27,000 And $94,000
Highest paying City-Seattle, WA
Highest paying state-Washington
Best paying company-BD
Best paying industry-Retail

Differences between retail business manager and business owner education

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

Retail Business ManagerBusiness Owner
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Retail business manager vs business owner demographics

Here are the differences between retail business managers' and business owners' demographics:

Retail Business ManagerBusiness Owner
Average age4444
Gender ratioMale, 57.5% Female, 42.5%Male, 51.4% Female, 48.6%
Race ratioBlack or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% 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 retail business manager and business owner duties and responsibilities

Retail business manager example responsibilities.

  • Streamline the company's proposal preparation team are and routinely manage the logistics of preparation of multiple complex government contracting proposals.
  • Help design user interfaces and management reporting for a propose POS system.
  • Ensure POS material are displayed to maximize information for the retail customer.
  • Streamline the company's proposal preparation team are and routinely manage the logistics of preparation of multiple complex government contracting proposals.
  • Deliver evaluations with feedback base onobservations, KPI's and reporting.
  • Create an application that automate RFP data entry done by 10 agents, an annual productivity gain of $550K.

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

Retail business manager vs business owner skills

Common retail business manager skills
  • Quality Customer Service, 10%
  • Pricing Strategy, 10%
  • Cash Handling, 7%
  • Cash Management, 6%
  • Business Development, 6%
  • Retail Business, 6%
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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