Small Business Owner / Operator Salary

Small Business Owners and Operators in the United States with more than 10 years of experience in their profession represent just below two-thirds of Small Business Owners and Operators. Salaries average out to around $59K annually and spread from $26K to $159K per year. Total cash compensation for Small Business Owners and Operators runs from $26K to $159K depending on bonuses that can occasionally exceed $27K and profit sharing that can reach almost $96K. Geography is the biggest factor affecting pay for this group, followed by experience level. Over a third report receiving medical coverage from their employers and a little less than a fifth collect dental insurance. Men make up the majority of Small Business Owners and Operators (68 percent) survey respondents. It's exciting to note that the majority of individuals in this field enjoy their work considerably. The numbers in this rundown were provided by PayScale's salary survey participants.
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$25,302 - $147,577
(Median)
$25K
$59K
$150K
MEDIAN: $59,243
10%
50%
90%

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$10.62 - $72.21
(Median)
$11
$25
$72
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$60K$120K$180K
Salary
$25,302 - $147,577  
   
Bonus
$0.00 - $27,148  
Profit Sharing
$1,443 - $96,095  
Commission
$0.00 - $119,195  
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).
)
$26,101 - $158,886  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,052
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
$10.62 - $72.21  
   
Hourly Tips
$0.31 - $6.50  
Overtime
$6.83 - $76.30  
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
$0.00 - $27,148  
   
Commission
$0.00 - $119,195  
Profit Sharing
$1,443 - $96,095  
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).
)
$26,101 - $158,886  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 339
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Job Description for Small Business Owner / Operator

Small business owners and operators work in a variety of industries such as retail goods, auto repair, home inspection, and many others. Their primary duties (outside of their respective skill or trade) include managing employees, providing customer service, promoting their business, filing and documenting appropriate business accounts, and ensuring their business meets any local, state, and federal requirements. Small business owners may work from a storefront, office space, or even from their home. Depending on the type of business, trade, or service they practice, their hours can vary; however, many organizations operate during daytime hours.

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Common Career Paths for Small Business Owner / Operator


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Small Business Owners and Operators who advance into the role of a Construction Manager are fairly uncommon. Construction Managers on average earn $73K per year. The most common promotion for Small Business Owners and Operators is Construction Project Manager, a position that typically pays $70K annually. Another standard transition for Small Business Owners and Operators seeking advancement is to assume an Office Manager role, where pay is often $38K.

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Popular Skills for Small Business Owner / Operator


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Construction Estimating, Project Management, Sales Management, and Social Media Marketing are correlated to pay that is above average, with boosts between 8 percent and 20 percent. Those listing Cleaning as a skill should be prepared for drastically lower pay. Bookkeeping and Customer Service also typically command lower compensation. Most people experienced in Leadership also know Customer Relationship Management (CRM) and Strategic Planning.

Pay by Experience Level for Small Business Owner / Operator

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


Small Business Owners and Operators with a lot of experience tend to enjoy higher earnings. Those who have worked for fewer than five years take home a median salary of $45K, and workers with five to 10 years of experience earn a higher $53K on average. People with 10 to 20 years of experience make an average of about $64K in this role. Small Business Owners and Operators who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $74K on average.

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Experience Affects Small Business Owner / Operator Salaries



National Average
$60,000



Skills That Affect Small Business Owner / Operator Salaries




Social Media Marketing
up arrow 6%

Strategic Planning
up arrow 2%

National Average
$60,000

Operations Management
up arrow 2%

Leadership
up arrow 2%


up arrow 11%


Bookkeeping
up arrow 25%

Cleaning
up arrow 25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 223 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
1%
1-4 years
20%
5-9 years
16%
10-19 years
29%
20 years or more
34%

Common Health Benefits

medical benefits
Medical: 38%
dental benefits
Dental: 19%
medical benefits
Vision: 15%
dental benefits
None: 61%
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