What is a business owner and how to become one

Updated January 8, 2025
4 min read
Quoted Expert
Dr. Kim Roberts
introduction image

Congrats! You opened your own business. Now what? Now, you get to sit back, relax and let everyone else do the hard work, right? Wrong. During the beginning stages of a new business it is so important that the boss is around for the day-to-day operations.

Typically, business owners put in well-above the regular 40-hour week. In fact, you might even have to put in 60 hours a week. At least until your business is extremely successful and can continue to survive without you around all the time. It's hard work as a business owner, but at least you get to be the boss.

Speaking of being the boss, don't forget to hire some people so you don't have to boss yourself around. Once your business starts to take off, you'll want to hire employees to help out. You'll find out quickly that you, indeed, cannot be everywhere all at once.

What general advice would you give to a Business Owner?

D

Dr. Kim RobertsDr. Kim Roberts LinkedIn Profile

Professor of Operations Management, Website

Business-related occupations offer attractive salaries and offer a variety of disciplines, such as accounting, contract management, cybersecurity, finance, human resources, logistics, marketing, management, operations, sales, and more. However, business careers are often demanding, requiring long work weeks and travel.

Skills
leadership
communication
innovation
adaptation
critical thinking
problem solving
emotional intelligence
empathy
teamwork
cultural competence
conflict management
ethics and social responsibility
ScoreBusiness OwnerUS Average
Salary
4.0

Avg. Salary $50,934

Avg. Salary $59,228

Stability Level
9.6

Growth Rate 6%

Growth Rate 0.3%

Diversity
3.5
Race

American Indian and Alaska Native 0.47%

Asian 6.44%

Black or African American 6.27%

Hispanic or Latino 15.48%

Unknown 4.35%

White 66.99%

Gender

female 48.63%

male 51.37%

Age - 44
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 44
Stress Level
9.6

Stress level is very high

7.1 - high

Complexity Level
9.2

Complexity Level is advanced

7 - challenging

Work Life Balance
3.6

Work Life balance is poor

6.4 - fair

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Business Owner career paths

Key steps to become a business owner

  1. Explore business owner education requirements

    Most common business owner degrees

    Bachelor's

    52.2 %

    Associate

    21.4 %

    High School Diploma

    10.3 %
  2. Start to develop specific business owner skills

    Skills
    ascdesc
    Percentages
    ascdesc
    Customer Service30.63%
    Payroll11.52%
    Financial Statements9.45%
    Business Plan6.67%
    Business Model3.20%
  3. Complete relevant business owner training and internships

    Accountants spend an average of 6-12 months on post-employment, on-the-job training. New business owners learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a business owner based on U.S. Bureau of Labor Statistics data and data from real business owner resumes.
  4. Gain additional business owner certifications

    Business owner certifications can show employers you have a baseline of knowledge expected for the position. Certifications can also make you a more competitive candidate. Even if employers don't require a specific business owner certification, having one may help you stand out relative to other applicants.

    The most common certifications for business owners include Certified Management Accountant (CMA) and Certified Sales Professional (CSP).

    More About Certifications
  5. Research business owner duties and 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.
  6. Prepare your business owner resume

    When your background is strong enough, you can start writing your business owner resume.

    You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a business owner resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

    Choose From 10+ Customizable Business Owner Resume templates

    Build a professional Business Owner resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Business Owner resume.
    Business Owner Resume
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    Business Owner Resume
  7. Apply for business owner jobs

    Now it's time to start searching for a business owner job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How Did You Land Your First Business Owner Job

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Are you a Business Owner?

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Average business owner salary

The average Business Owner salary in the United States is $50,934 per year or $24 per hour. Business owner salaries range between $27,000 and $94,000 per year.

Average Business Owner Salary
$50,934 Yearly
$24.49 hourly

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How do business owners rate their job?

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Business Owner reviews

profile
A zippia user wrote a review on Jan 2020
Pros

Meeting achieving and surpassing any goals needed to catipult a company that I can stand behind.

Cons

Lazy Phonies


profile
A zippia user wrote a review on Dec 2019
Pros

As a person who checks gauges for anything

Cons

Unprofessionalism and people who are not customer-oriented


profile
A zippia user wrote a review on May 2019
Pros

I am able to stay organized and able to help other do there job correctly and ask questions when needed

Cons

People lacking an not doing what they are told to do and when they don't show up on time


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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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