Small Business Owner Salary

Three-fifths of Small Business Owners in the United States have been in the field for more than 10 years. Pay can fall anywhere from $30K to $216K per year, but median earnings come to around $72K per year. Total cash compensation to Small Business Owners ranges from $30K on the lower end to $216K on the higher end; the final number includes potential for approximately $98K each from bonuses and profit sharing in exceptional cases. Location and career length each impact pay for this group, with the former having the largest influence. Around two in five enjoy medical while just under a fifth get dental coverage. Vision coverage is also available to approximately one-seventh. The majority of Small Business Owners (64 percent) survey respondents are male. It's exciting to note that the majority of individuals in this field enjoy their work considerably. The data in this summary comes from the PayScale salary survey.
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$29,511 - $178,854
(Median)
$30K
$72K
$180K
MEDIAN: $71,583
10%
50%
90%

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$14.72 - $85.72
(Median)
$15
$26
$86
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$80K$160K$240K
Salary
$29,511 - $178,854  
   
Bonus
$0.00 - $98,071  
Profit Sharing
$970 - $99,329  
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).
)
$30,189 - $216,428  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 311
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
$14.72 - $85.72  
   
Hourly Tips
$2.26  
Overtime
$25.31  
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 - $98,071  
   
Commission
$15,000  
Profit Sharing
$970 - $99,329  
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).
)
$30,189 - $216,428  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 51
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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 sometimes move into a Marketing Director role, where the salary is similar. Small Business Owners most often advance into Office Manager and Administrative Assistant positions even though the median salaries are $35K lower and $42K lower, respectively.

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Professional skills reported by Small Business Owners are few in number. Most notably, skills in Project Management, Sales, Operations Management, and Accounting are correlated to pay that is above average. Accounting and Operations Management as skills, however, tend to be associated with significantly smaller paychecks. Project Management and Sales are correlating skills — those who know the former usually know the latter.

Pay by Experience Level for Small Business Owner

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


Experience is an important factor influencing the compensation of Small Business Owners. Individuals who have worked for fewer than five years bring in approximately $59K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $61K. Small Business Owners see a median salary of $72K after reaching one to two decades on the job. Average wages for folks with more than 20 years of experience come out to around $100K.

Small Business Owner Advice

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.

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Experience Affects Small Business Owner Salaries

Late-Career
up arrow 38%

National Average
$73,000

Experienced
up arrow 1%

Mid-Career
up arrow 16%

Entry-Level
up arrow 19%

Skills That Affect Small Business Owner Salaries

Project Management
up arrow 19%

Sales
up arrow 8%

National Average
$73,000

Operations Management
up arrow 9%

Accounting
up arrow 33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 77 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
21%
10-19 years
28%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 40%
dental benefits
Dental: 19%
medical benefits
Vision: 14%
dental benefits
None: 59%
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