Small Business Owner Salary

Small Business Owners who are practiced in their profession and carry more than 10 years of experience make up approximately three in five of Small Business Owners. Pay fluctuates from $30K to $216K per year, but expected earnings average $72K per year. The range in cash compensation to Small Business Owners ($30K to $216K) includes potential earnings of $98K each from bonuses and profit sharing in exceptional cases. Geographic location and experience level each impact pay for this group, with the former having the largest influence. There are more male Small Business Owners than female among those who completed the questionnaire, making up 64 percent. Approximately two in five report receiving medical coverage from their employers and a little less than a fifth collect dental insurance. Most workers in this position report very high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's 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' 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. Small Business Owners most frequently become Office Managers and Administrative Assistants even though median compensation is $35K lower and $42K lower, respectively.

Owner / Operator Job Listings

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Small Business Owners report a narrow range of specific skills. Most notably, skills in Project Management, Sales, Operations Management, and Accounting are correlated to pay that is above average. Those listing Accounting and Operations Management as skills, on the other hand, should be prepared for drastically lower pay. Project Management and Sales are also commonly seen together.

Pay by Experience Level for Small Business Owner

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


For many Small Business Owners, experience and pay levels seem to be correlated; more years in the business generally lead to more money. In this position, someone who has worked for fewer than five years can expect a median salary of $59K. The median for people with five to 10 years of experience is only a little bit higher at $61K. People with 10 to 20 years of experience make an average of about $72K in this role. Six-figure salaries aren't unusual for professionals who have achieved more than 20 years of experience; median compensation for this group sits in the range of $100K.

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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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