What is a co-owner and how to become one

Updated January 8, 2025
4 min read
Quoted Expert
Robin Jarvis

It always sounds like a noble thing to own a business. Imagine settling things under your own supervision with no concerns that your boss might actually scold you (yay - you feel me?). Everyone wants that. But let's minimize the fantasy because no matter how much everyone wants it, only a few could really have what it takes. Great things don't come easy, they say.

Aside from the fact that you need to have strong critical-thinking skills, leadership is equally important, too. Handling a business wouldn't only mean implementing decisions for your benefit, but also for the people who work for you. You need to sacrifice so many things, even your usual weekends and holidays, just to negotiate offers, meet with clients, and finish reading a mountain of papers (right, you should love reading, too!). Being a co-owner of a business means having tons of responsibilities... you can't drag them on for too long, or you'll end up losing clients, business, and money. Of course, you wouldn't want that.

Some tried and got through the hard times. Some failed and discovered what they really wanted. Wherever the path leads you, it's still a good thing to try. Who knows? You may see yourself doing interviews and having your face shown in tabloids. There are endless possibilities. But none of it can happen, unless you make it.

What general advice would you give to a Co-Owner?

R

Robin JarvisRobin Jarvis LinkedIn Profile

Director of Career and Internship Services, Culver-Stockton College

Be flexible. Employment trends were shifting and changing, before the pandemic hit, and we can expect more change in the days ahead. Opportunities are still out there, and we will recover from these challenges. I anticipate growth after stabilization and the creation of jobs that don't exist today. Be willing to take the skills you learned in college and apply them to a wide array of opportunities. Explore careers outside your area of study, and never stop learning. Most important - network, network, network!
ScoreCo-OwnerUS Average
Salary
6.8

Avg. Salary $86,704

Avg. Salary $59,228

Stability Level
10.0

Growth Rate 6%

Growth Rate 0.3%

Diversity
1.5
Race

American Indian and Alaska Native 0.64%

Asian 7.45%

Black or African American 3.66%

Hispanic or Latino 7.53%

Unknown 3.88%

White 76.85%

Gender

female 46.79%

male 53.21%

Age - 52
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 - 52
Stress Level
10.0

Stress level is very high

7.1 - high

Complexity Level
10.0

Complexity Level is advanced

7 - challenging

Work Life Balance
3.0

Work Life balance is poor

6.4 - fair

Co-Owner career paths

Key steps to become a co-owner

  1. Explore co-owner education requirements

    Most common co-owner degrees

    Bachelor's

    53.8 %

    Associate

    19.6 %

    High School Diploma

    11.5 %
  2. Start to develop specific co-owner skills

    Skills
    ascdesc
    Percentages
    ascdesc
    Customer Service39.46%
    Financial Statements13.02%
    Business Plan3.82%
    Real Estate3.18%
    QuickBooks3.00%
  3. Research co-owner duties and responsibilities

    • Manage inventory, profit and loss analysis, ROI, staff training and health department standards & safety regulations.
    • Manage budget and financial operations, including payroll and inventory.
    • Manage the day to day operation/financial operations of Medicare certify home health agency.
    • Acquire LLC, zone compliance, city business license and all other necessary documentation for a new business.
  4. Prepare your co-owner resume

    When your background is strong enough, you can start writing your co-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 co-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 Co-Owner Resume templates

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  5. Apply for co-owner jobs

    Now it's time to start searching for a co-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 Co-Owner Job

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Average co-owner salary

The average Co-Owner salary in the United States is $86,704 per year or $42 per hour. Co-owner salaries range between $63,000 and $118,000 per year.

Average Co-Owner Salary
$86,704 Yearly
$41.68 hourly

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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


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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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