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 $29K to $177K per year, but median earnings come to around $66K annually. Overall cash earnings for Small Business Owners stretch from $29K on the lower end to $177K near the top, and the heftiest packages can encompass around $48K from bonuses and $100K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Small Business Owners largely appreciate their work and find this position highly satisfactory. Close to two-fifths report receiving medical coverage from their employers and just under a fifth collect dental insurance. Male Small Business Owners are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 59 percent of the field. Respondents to the PayScale salary survey provided the data for this report.
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$25,713 - $149,694
(Median)
$26K
$66K
$150K
MEDIAN: $66,361
10%
50%
90%

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$15.10 - $76.03
(Median)
$15
$28
$76
MEDIAN: $27.00
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
$25,713 - $149,694  
   
Bonus
$2.30 - $48,479  
Profit Sharing
$3.30 - $100,334  
Commission
$8,400  
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).
)
$29,065 - $177,251  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 185
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
$15.10 - $76.03  
   
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
$2.30 - $48,479  
   
Commission
$8,400  
Profit Sharing
$3.30 - $100,334  
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).
)
$29,065 - $177,251  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 30
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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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Although some Small Business Owners become Marketing Director, this progression is not the norm. However, the latter position does pay a little more at $80K. 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.


For many Small Business Owners, more experience generally translates to higher pay. Average salaries for inexperienced employees average out to around $49K, but folks who have five to 10 years of experience earn a higher median of $60K. Small Business Owners see a median salary of $71K after reaching one to two decades on the job. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $99K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

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.

Related Job Salaries

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Experience Affects Small Business Owner Salaries

Late-Career
up arrow 39%

National Average
$72,000

Experienced
up arrow 1%

Mid-Career
up arrow 17%

Entry-Level
up arrow 31%

Skills That Affect Small Business Owner Salaries

Sales Management
up arrow 71%


Accounting
up arrow 31%

Operations Management
up arrow 9%

Sales
up arrow 4%

National Average
$72,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 37 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
18%
10-19 years
30%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 39%
dental benefits
Dental: 19%
medical benefits
Vision: 16%
dental benefits
None: 60%
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