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Small Business Owner / Operator Salary

Small Business Owners and Operators in the United States tend to have a good amount of experience under their belt — slightly less than three-fifths have more than 10 years in the field. While pay runs from $29K to $178K per year, median earnings come to $71K annually. Including potential for bonuses, profit sharing and commission — peaking near $24K, $90K, and $121K, respectively — total cash payment to Small Business Owners and Operators can bottom out near $29K or top out at around $178K. Geography is the biggest factor affecting pay for this group, followed by experience level. Slightly less than a third enjoy medical while nearly one in six get dental coverage. Vision coverage is also available to roughly one in eight. The majority of workers are highly satisfied with their job. Most people who answered the questionnaire are men; 66 percent of Small Business Owners and Operators are male. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$29,209 - $178,804
(Median)
$29K
$71K
$180K
MEDIAN: $70,641
10%
50%
90%

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$10.22 - $60.40
(Median)
$10
$24
$60
MEDIAN: $24.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$29,209 - $178,804  
   
Bonus
$0.00 - $23,960  
Profit Sharing
$2,250 - $90,000  
Commission
$0.00 - $120,805  
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).
)
$29,096 - $178,129  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,181
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30$60$90
Hourly Rate
$10.22 - $60.40  
   
Hourly Tips
$0.70 - $3.13  
Overtime
$7.00 - $67.50  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Bonus
$0.00 - $23,960  
   
Commission
$0.00 - $120,805  
Profit Sharing
$2,250 - $90,000  
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).
)
$29,096 - $178,129  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 222
United States (change)

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 tend not to experience a change in pay as they move up the career ladder to upper-level roles like Construction Manager. That job pays about the same on average. A more common career path for Small Business Owners and Operators is stepping into the role of Construction Project Manager or Office Manager.

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Popular Skills for Small Business Owner / Operator


Small Business Owners and Operators report using a diverse set of skills on the job. Most notably, skills in Construction Estimating, Project Management, Sales Management, and Strategic Planning are correlated to pay that is above average. Those listing Customer Service as a skill should be prepared for drastically lower pay. Sales and Customer Relationship Management 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.


For Small Business Owners and Operators, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Salaries for the relatively untried average out to around $59K, but survey participants with five to 10 years of experience earn a significantly higher median of $73K. Small Business Owners and Operators with one to two decades of relevant experience report an average salary of approximately $73K. Veterans who have acquired more than 20 years report a median income of $78K, which is generally higher than the pay reported by other tenure groups.

Related Job Salaries

Experience Affects Small Business Owner / Operator Salaries




National Average
$70,000


Skills That Affect Small Business Owner / Operator Salaries

Construction Estimating
up arrow 3%

Project Management
up arrow 2%

National Average
$70,000






up arrow 23%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 191 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
20%
10-19 years
30%
20 years or more
28%

Common Health Benefits

medical benefits Medical: 31% dental benefits Dental: 17%
vision benefits Vision: 12% employee benefits None: 69%