Small Business Owner Salary

With three-fifths of Small Business Owners in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $31K to $207K per year and averages out to $73K per year. With some bonuses and profit sharing proceeds approaching $97K each, total incomes of Small Business Owners generally range from $31K to $207K depending on individual performance. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Around two in five enjoy medical while slightly less than one-fifth get dental coverage. Vision coverage is also available to close to a tenth. Job satisfaction is high and work is enjoyable for most Small Business Owners. More than half of Small Business Owners (69 percent) survey respondents are men. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$30,188 - $180,817

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$14.45 - $61.83

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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$70K$140K$210K
Salary
$30,188 - $180,817  
   
Bonus
$0.00 - $97,444  
Profit Sharing
$511 - $96,958  
Commission
$1,400 - $43,000  
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).
)
$30,687 - $207,364  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 289
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$50$100$150
Hourly Rate
$14.45 - $61.83  
   
Overtime
$17.38 - $35.00  
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$100K$200K$300K
Bonus
$0.00 - $97,444  
   
Commission
$1,400 - $43,000  
Profit Sharing
$511 - $96,958  
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).
)
$30,687 - $207,364  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 45
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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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As Small Business Owners make advancements in their career path, their salaries may not change right away. For example, the higher-level Marketing Director position pays around the same amount as the Small Business Owner job on average. Many Small Business Owners choose to become Office Managers and Administrative Assistants as their careers advance. However, folks in those positions report median salaries of $35K less and $42K less, respectively.

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Just a handful of professional skills are reported by Small Business Owners who took the survey. Most notably, facility with Sales and Project Management are correlated to pay that is significantly above average, leading to increases of 65 percent and 19 percent, respectively. Accounting and Operations Management as skills, however, tend to be associated with significantly smaller paychecks.

Pay by Experience Level for Small Business Owner

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


Small Business Owners generally obtain higher compensation for more plentiful past experience. People who have worked for fewer than five years earn around $60K, and folks with five to 10 years of experience see a modestly higher median of $61K. On average, Small Business Owners make $76K following one to two decades on the job. Average wages for folks with more than 20 years of experience come out to around $98K.

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Experience Affects Small Business Owner Salaries

Late-Career
up arrow 34%

Experienced
up arrow 4%

National Average
$73,000

Mid-Career
up arrow 16%

Entry-Level
up arrow 18%

Skills That Affect Small Business Owner Salaries

Sales
up arrow 65%

Project Management
up arrow 19%

National Average
$73,000

Operations Management
up arrow 13%

Accounting
up arrow 33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
3%
1-4 years
17%
5-9 years
22%
10-19 years
27%
20 years or more
32%

Common Health Benefits

medical benefits Medical: 40% dental benefits Dental: 19%
vision benefits Vision: 11% employee benefits None: 59%
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