With nearly three in five of Small Business Owners in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Small Business Owners is $69K per year and can range from $30K on the lower end to $178K per year near the higher end. Total incomes of Small Business Owners incorporate potential for, in a few cases, more than $49K from bonuses and close to $85K from profit sharing; these performance components cause packages to range between $30K and $178K. Location and tenure each impact pay for this group, with the former having the largest influence. More than a third enjoy medical while close to one-fifth get dental coverage. Vision coverage is also available to slightly less than a fifth. Men make up a slight majority of Small Business Owners (56 percent) who responded to the survey. Most workers in this position report very high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
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$28,743 - $147,330
$29K
$69K
$150K
MEDIAN: $68,705
10%
50%
90%

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$15.00 - $85.00
$15
$26
$85
MEDIAN: $25.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$28,743 - $147,330  
   
Bonus
$2.21 - $48,936  
Profit Sharing
$251.50 - $85,000  
Commission
$15,000  
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).
)
$29,639 - $177,827  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 190
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30$60$90
Hourly Rate
$15.00 - $85.00  
   
Hourly Tips
$2.18  
Overtime
$27.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Bonus
$2.21 - $48,936  
   
Commission
$15,000  
Profit Sharing
$251.50 - $85,000  
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).
)
$29,639 - $177,827  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 29

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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Though it's uncommon, some Small Business Owners move into roles as Marketing Directors, where they can earn incomes averaing out to a slightly higher $80K per year. Small Business Owners most frequently become Office Managers and Administrative Assistants even though median compensation is $33K lower and $40K lower, respectively.

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Pay by Experience Level for Small Business Owner

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


Experience seems to be a major factor in determining the incomes of Small Business Owners. People who have worked for fewer than five years bring home $49K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $63K. Small Business Owners who work for 10 to 20 years in their occupation tend to earn about $72K. Professionals who boast more than 20 years of experience reap the fruits of their labor to the six-figure tune of $100K — the plum median salary in this group.

Small Business Owner Advice

Q: What do you wish you knew about your job when you first started out?

Small Business Owner in Burnsville:
"Engineers need more business education, more legal education."
Have separate attorneys for all legal proceedings.

Related Job Salaries

Key Stats for Small Business Owner

Gender

Female
44 %
Male
56 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.
Less than 1 year
2%
1-4 years
18%
5-9 years
21%
10-19 years
28%
20 years or more
31%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Small Business Owner Salaries

Late-Career
up arrow 40%

Experienced
0%

National Average
$72,000

Mid-Career
up arrow 12%

Entry-Level
up arrow 31%

Skills That Affect Small Business Owner Salaries

Sales Management
up arrow 69%


Accounting
up arrow 31%

Operations Management
up arrow 9%

up arrow 5%

National Average
$72,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
21%
10-19 years
28%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 37%
dental benefits
Dental: 20%
vision benefits
Vision: 18%
dental benefits
None: 61%
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