Owner / Operator Salary
|Salary||$33,165 - $149,995|
|Bonus||$0.00 - $50,335|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$29,412 - $155,340|
|Hourly Rate||$10.47 - $65.00|
|Bonus||$0.00 - $50,335|
|Total Pay (||$29,412 - $155,340|
Job Description for Owner / Operator
An owner/operator is the chief stakeholder in a business operation. He or she is the person who has typically put up the majority financial stake in the business and thus acts as the overseer of all operations and output from it. Typically an owner/operator is found in the small business sector, where sole proprietorships or simple majority ownership is common. The owner/operator may be in charge of businesses that range from retail stores to service-oriented businesses or restaurants and bars. While in some cases, owners of such businesses act as silent partners, an owner/operator most typically takes a hands-on approach to all operations of his or her enterprise.Read More...
As the person who oversees all aspects of a business, an owner/operator may find it useful to hire one or more managers to work in a position that directly reports to him or her. The owner/operator will normally look for individuals for this position who can augment and add to the knowledge in the respective sector that the business is operating in. Together with any hired manager or managers, the owner/operator will then typically recruit, hire, and train any other necessary personnel. Business procedures and systems will be developed and implemented by the owner and any managers he or she may hire as well. The owner/operator also will typically either hire an outside bookkeeper or handle the accounting functions of the operation.
Unlike many other jobs, the main requirement to be an owner/operator is simply the financial flexibility to act as a primary owner in a small business operation. While education in business-related disciplines and practical experience in the area of that operation will greatly assist the business to being successful, it isn't an absolute requirement. Most owner/operators do work long hours and maintain a fairly constant presence within their own establishments, however. Anyone approaching this career should expect to spend 50 or more hours per week at work.
Common Career Paths for Owner / Operator
Owners and Operators' salaries may rise greatly for those who assume a higher-end position such as a Truck Owner and Operator. The average Truck Owner and Operator brings home $93K per year. An Owner or Operator often moves on to become a Construction Project Manager or an Operations Manager.
Pay by Experience Level for Owner / Operator
Pay by Experience for an Owner / Operator has a positive trend. An entry-level Owner / Operator with less than 5 years of experience can expect to earn an average total compensation of $58,000 based on 46 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Owner / Operator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $73,000 based on 49 salaries. An experienced Owner / Operator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $71,000 based on 56 salaries. An Owner / Operator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 60 salaries.
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Key Stats for Owner / Operator
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