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The differences between self-employeds 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 self-employed and a business owner. Additionally, a business owner has an average salary of $50,934, which is higher than the $34,734 average annual salary of a self-employed.
The top three skills for a self-employed include windows, mowing and customer service. The most important skills for a business owner are customer service, payroll, and financial statements.
| Self-Employed | Business Owner | |
| Yearly salary | $34,734 | $50,934 |
| Hourly rate | $16.70 | $24.49 |
| Growth rate | 8% | 6% |
| Number of jobs | 6,215 | 107,663 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 52% |
| Average age | 41 | 44 |
| Years of experience | 6 | 6 |
A self-employed person works without the supervision of a specific employer. Self-employed entrepreneurs decide their business plans to increase profitability and get involved with the current market trends. They also attend business orientations to improve their skills and strategies on driving their business' growth. A self-employed person must display exceptional decision-making and organizational skills to implement strategies, provide the best customer service with the clients, address their needs, manage complaints, and respond to the customer's inquiries.
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.
Self-employeds and business owners have different pay scales, as shown below.
| Self-Employed | Business Owner | |
| Average salary | $34,734 | $50,934 |
| Salary range | Between $27,000 And $44,000 | Between $27,000 And $94,000 |
| Highest paying City | - | Seattle, WA |
| Highest paying state | - | Washington |
| Best paying company | - | BD |
| Best paying industry | - | Retail |
There are a few differences between a self-employed and a business owner in terms of educational background:
| Self-Employed | Business Owner | |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between self-employeds' and business owners' demographics:
| Self-Employed | Business Owner | |
| Average age | 41 | 44 |
| Gender ratio | Male, 60.8% Female, 39.2% | Male, 51.4% Female, 48.6% |
| Race ratio | Black or African American, 9.9% Unknown, 5.3% Hispanic or Latino, 17.1% Asian, 7.3% White, 59.8% 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 | 9% | 10% |