Small Business Owner / Operator Salary

Small Business Owners and Operators in the United States tend to be well-versed in their field, and roughly three in five have more than 10 years of experience. Average salary is expected to be around $61K annually, but may range from $28K to $159K per year. In the world of Small Business Owners and Operators, total cash compensation ranges from $28K on the lower end to $159K on the higher end; this includes bonuses that reach $25K and profit sharing that approaches $74K in rare cases, with some high rollers snagging commissions as high as $124K. Residence is the biggest factor affecting pay for this group, followed by years of experience. Medical benefits are awarded to close to one-third, and a little less than one-fifth earn dental coverage. The majority of Small Business Owners and Operators (69 percent) who took the survey are men. The majority of workers are highly satisfied with their job. This report is based on responses to the PayScale salary survey.
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$27,549 - $150,932
(Median)
$28K
$61K
$150K
MEDIAN: $60,856
10%
50%
90%

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$10.39 - $64.56
(Median)
$10
$25
$65
MEDIAN: $25.00
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
$27,549 - $150,932  
   
Bonus
$0.00 - $24,863  
Profit Sharing
$1,419 - $73,974  
Commission
$0.00 - $123,650  
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).
)
$27,542 - $159,210  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,033
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
$10.39 - $64.56  
   
Hourly Tips
$0.17 - $7.89  
Overtime
$6.93 - $88.08  
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 - $24,863  
   
Commission
$0.00 - $123,650  
Profit Sharing
$1,419 - $73,974  
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).
)
$27,542 - $159,210  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 286
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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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It doesn't happen often, but some Small Business Owners and Operators do move on to become Construction Managers. The average pay for that role is slightly higher at $73K per year. A Construction Project Manager role is the most common promotion for Small Business Owners and Operators moving up the ladder, and pay for the position tends to be around the $70K mark. Another typical, albeit less common, transition for Small Business Owners and Operators is an Office Manager position, where earnings are usually $38K.

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Popular Skills for Small Business Owner / Operator


Small Business Owners and Operators report using a wide range of professional skills. Most notably, skills in Construction Estimating, Project Management, Sales Management, and Strategic Planning are correlated to pay that is above average, with boosts between 4 percent and 15 percent. At the other end of the pay range are skills like Customer Service, Leadership, and Customer Relationship Management. Most people skilled in Leadership are similarly competent in Customer Relationship Management (CRM), Sales, 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 many Small Business Owners and Operators, extensive experience does not lead to significantly more money. Relatively untried employees who have less than five years' experience make $51K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $60K. Small Business Owners and Operators who work for 10 to 20 years in their occupation tend to earn about $63K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $74K.

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Experience Affects Small Business Owner / Operator Salaries



National Average
$62,000



Skills That Affect Small Business Owner / Operator Salaries



Sales Management
up arrow 4%

Strategic Planning
up arrow 2%

National Average
$62,000

Operations Management
up arrow 4%

up arrow 12%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 182 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
1%
1-4 years
20%
5-9 years
18%
10-19 years
29%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 34% dental benefits Dental: 18%
vision benefits Vision: 13% employee benefits None: 65%
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