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Small Business Owner Salary

The majority of Small Business Owners in the United States — about three-fifths — boast more than 10 years of experience in their profession. Salaries stretch from $31K to $224K per year, and the median is $77K per year. With bonuses occasionally running north of $51K, profit sharing proceeds sometimes surpassing $98K, and a few commissions as high as $149K, total income for Small Business Owners can range between $31K and $224K according to individual performance. Job satisfaction for Small Business Owners is extremely high. More than a third enjoy medical while a little less than one-fifth get dental coverage. Vision coverage is also available to about one in ten. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$30,312 - $196,443
(Median)
$30K
$77K
$200K
MEDIAN: $77,443
10%
50%
90%

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$13.57 - $61.83
(Median)
$14
$25
$62
MEDIAN: $24.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$80K$160K$240K
Salary
$30,312 - $196,443  
   
Bonus
$0.00 - $51,324  
Profit Sharing
$986 - $97,871  
Commission
$-0.50 - $148,994  
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).
)
$30,704 - $224,482  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 302
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$13.57 - $61.83  
   
Overtime
$17.38 - $35.00  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$0.00 - $51,324  
   
Commission
$-0.50 - $148,994  
Profit Sharing
$986 - $97,871  
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).
)
$30,704 - $224,482  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 45

Find Out Exactly What You Should Be Paid

United States (change)


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Job Description for Small Business Owner

Small business owners are the financial and/or executive heads of small business. Their duties can be as simple as serving as the profit-maker of the business and delegating authority to a management team; however, many small business owners are constantly engaged in growing and operating their business.

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Common Career Paths for Small Business Owner


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Small Business Owners' salaries tend to stay somewhat constant even when they advance into higher-level positions like Marketing Director. On average, Marketing Directors get paid about the same as Small Business Owners do. Many Small Business Owners advance into roles as Office Managers or Administrative Assistants, but the median salaries are $40K lower and $47K lower, respectively.

Owner / Operator Job Listings

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Survey takers who work as Small Business Owners report a focused set of job skills. Fortunate workers who know Sales command much higher paychecks, scoring salaries 53 percent above average. Those listing Accounting and Operations Management as skills, on the other hand, should be prepared for drastically lower pay.

Pay by Experience Level for Small Business Owner

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Folks who are navigating the first five years of their careers have a median salary of approximately $62K in this position. Those who have been around for five to 10 years don't get much more, though; the median salary in that group is $67K. Small Business Owners see a median salary of $81K after reaching one to two decades on the job. Small Business Owners who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $93K.

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United States (change)

Experience Affects Small Business Owner Salaries

Late-Career
up arrow 19%

Experienced
up arrow 4%

National Average
$78,000

Mid-Career
up arrow 14%

Entry-Level
up arrow 21%

Skills That Affect Small Business Owner Salaries

Sales
up arrow 53%

Project Management
up arrow 2%

National Average
$78,000

Operations Management
up arrow 19%

Accounting
up arrow 38%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
3%
1-4 years
16%
5-9 years
22%
10-19 years
29%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 37% dental benefits Dental: 19%
vision benefits Vision: 11% employee benefits None: 63%
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