Small Business Owner Salary

Small Business Owners in the United States with more than 10 years of experience in their profession represent close to three-fifths of Small Business Owners. Salaries average out to around $72K per year and spread from $30K to $180K per year. Including potential for bonuses and profit sharing — peaking near $44K and $100K, respectively — total cash payment to Small Business Owners can bottom out near $30K or peak near $180K depending on individual performance. Residence and career length each impact pay for this group, with the former having the largest influence. More than a third report receiving medical coverage from their employers and just over a fifth collect dental insurance. Something to celebrate is that most people in this position are highly satisfied with their jobs. Men make up the majority of Small Business Owners (62 percent) survey respondents. The data in this summary comes from the PayScale salary survey.
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$29,307 - $151,047
$29K
$72K
$150K
MEDIAN: $71,632
10%
50%
90%

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$9.93 - $89.60
$9
$32
$90
MEDIAN: $32.50
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$70K$140K$210K
Salary
$29,307 - $151,047  
   
Bonus
$400.00 - $44,000  
Profit Sharing
$500 - $100,000  
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).
)
$29,749 - $180,080  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 174
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
$9.93 - $89.60  
   
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$100K$200K$300K
Bonus
$400.00 - $44,000  
   
Profit Sharing
$500 - $100,000  
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).
)
$29,749 - $180,080  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 28

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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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Small Business Owner Tasks

  • Oversee company operations, directing production, sales, administrative, and/or distribution activities.
  • Oversee and/or assist with personnel management, including hiring, training, and performance evaluation.
  • Oversee and/or assist with client acquisition and marketing strategies.
  • Develop and/or assist with company-wide policies, procedures, objectives, and business strategies.
  • Direct and review financial activities, measuring productivity, setting prices, and/or managing budgets.

Common Career Paths for Small Business Owner


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Small Business Owners sometimes move into a Marketing Director role, where the salary is similar. 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 $43K less, respectively.

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Pay by Experience Level for Small Business Owner

Pay by Experience for a Small Business Owner has a positive trend. An entry-level Small Business Owner with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 58 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Small Business Owner with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $70,000 based on 61 salaries. An experienced Small Business Owner which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 83 salaries. A Small Business Owner with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $99,000 based on 65 salaries.

Small Business Owner Advice

Q: What is it like working as a Small Business Owner?

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
38 %
Male
62 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.
Less than 1 year
2%
1-4 years
14%
5-9 years
22%
10-19 years
28%
20 years or more
34%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Small Business Owner Salaries

▲34%

National Average
$74,000

▼2%

▼6%

Entry-Level
▼33%

Skills That Affect Small Business Owner Salaries

Sales Management
▲63%


Accounting
▲27%

▲3%

Operations Management
▲3%

National Average
$74,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
2%
1-4 years
14%
5-9 years
22%
10-19 years
28%
20 years or more
34%

Common Health Benefits

medical benefits
Medical: 38%
dental benefits
Dental: 23%
vision benefits
Vision: 19%
no benefits
None: 60%
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