Store owner vs co-owner/operator

The differences between store owners and co-owner/operators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a store owner and a co-owner/operator. Additionally, a store owner has an average salary of $60,283, which is higher than the $32,256 average annual salary of a co-owner/operator.

The top three skills for a store owner include customer service, product knowledge and payroll. The most important skills for a co-owner/operator are co-op, patients, and data analysis.

Store owner vs co-owner/operator overview

	Store Owner	Co-Owner/Operator
Yearly salary	$60,283	$32,256
Hourly rate	$28.98	$15.51
Growth rate	6%	6%
Number of jobs	189,283	95,615
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 50%	Bachelor's Degree, 60%
Average age	44	44
Years of experience	6	6

Store owner vs co-owner/operator salary

Store owners and co-owner/operators have different pay scales, as shown below.

	Store Owner	Co-Owner/Operator
Average salary	$60,283	$32,256
Salary range	Between $38,000 And $94,000	Between $21,000 And $49,000
Highest paying City	-	Rahway, NJ
Highest paying state	-	New York
Best paying company	-	BorgWarner
Best paying industry	-	Technology

Differences between store owner and co-owner/operator education

There are a few differences between a store owner and a co-owner/operator in terms of educational background:

	Store Owner	Co-Owner/Operator
Most common degree	Bachelor's Degree, 50%	Bachelor's Degree, 60%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Store owner vs co-owner/operator demographics

Here are the differences between store owners' and co-owner/operators' demographics:

	Store Owner	Co-Owner/Operator
Average age	44	44
Gender ratio	Male, 49.6% Female, 50.4%	Male, 58.4% Female, 41.6%
Race ratio	Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.7% American Indian and Alaska Native, 0.5%	Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.4% White, 67.6% American Indian and Alaska Native, 0.5%
LGBT Percentage	10%	10%

Differences between store owner and co-owner/operator duties and responsibilities

Store owner example responsibilities.

Manage employees, order supplies, stock, quick books POS
Manage own store, selling wide variety of products such as groceries and household items.
Train and develop to manage multi-unit operations.
Prepare payroll accounts and reconcile bank statements.
Initiate and implement computer base payroll system.
Deliver comprehensive team training in POS software and facilitate system maintenance.

Co-owner/operator example responsibilities.

Manage shipping and warehousing for the entire U.S., as well as A/R & A/P.
Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.
Perform renovations and finishing work, roof work, windows, siding and much more.
Developed/Maintain Facebook page for marketing/advertising.
Developed/Maintain Facebook page for marketing/advertising.

Store owner vs co-owner/operator skills

Common store owner skills

Customer Service, 26%
Product Knowledge, 12%
Payroll, 10%
Store Merchandise, 6%
Inventory Control, 4%
Retail Store, 4%

Common co-owner/operator skills

Co-Op, 35%
Patients, 10%
Data Analysis, 7%
PowerPoint, 6%
Python, 4%
C++, 3%