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The differences between self-employeds and entrepreneurs 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 an entrepreneur. Additionally, an entrepreneur has an average salary of $70,849, 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 an entrepreneur are kids, web design, and product development.
| Self-Employed | Entrepreneur | |
| Yearly salary | $34,734 | $70,849 |
| Hourly rate | $16.70 | $34.06 |
| Growth rate | 8% | 6% |
| Number of jobs | 6,215 | 34,711 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 62% |
| 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.
An entrepreneur is a business owner who regularly creates new ventures and sells them with the end goal of turning them into profit. To start up a new business, entrepreneurs must create business plans and acquire resources and financing while hiring talented individuals. They play a vital role in the economy because they are the driver of economic growth and innovation. They also make use of their business as a means of creating a sustainable living, which improves the quality of life.
Self-employeds and entrepreneurs have different pay scales, as shown below.
| Self-Employed | Entrepreneur | |
| Average salary | $34,734 | $70,849 |
| Salary range | Between $27,000 And $44,000 | Between $42,000 And $118,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | General Catalyst |
| Best paying industry | - | Finance |
There are a few differences between a self-employed and an entrepreneur in terms of educational background:
| Self-Employed | Entrepreneur | |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between self-employeds' and entrepreneurs' demographics:
| Self-Employed | Entrepreneur | |
| Average age | 41 | 44 |
| Gender ratio | Male, 60.8% Female, 39.2% | Male, 58.5% Female, 41.5% |
| 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, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 9% | 10% |