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The differences between self-employeds and owners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a self-employed, becoming an owner takes usually requires More than 10 years. Additionally, an owner has an average salary of $90,334, 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 owner are customer service, payroll, and financial statements.
| Self-Employed | Owner | |
| Yearly salary | $34,734 | $90,334 |
| Hourly rate | $16.70 | $43.43 |
| Growth rate | 8% | 6% |
| Number of jobs | 6,215 | 86,486 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 38% | Bachelor's Degree, 52% |
| Average age | 41 | 52 |
| Years of experience | 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.
Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.
Self-employeds and owners have different pay scales, as shown below.
| Self-Employed | Owner | |
| Average salary | $34,734 | $90,334 |
| Salary range | Between $27,000 And $44,000 | Between $60,000 And $135,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New Jersey |
| Best paying company | - | BP America Inc |
| Best paying industry | - | - |
There are a few differences between a self-employed and an owner in terms of educational background:
| Self-Employed | 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 owners' demographics:
| Self-Employed | Owner | |
| Average age | 41 | 52 |
| Gender ratio | Male, 60.8% Female, 39.2% | Male, 63.1% Female, 36.9% |
| 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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 9% | 12% |