With just below two-thirds of Small Business Owners and Operators in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $26K to $155K per year and averages out to $59K annually. Total incomes of Small Business Owners and Operators incorporate potential for, in a few cases, more than $28K from bonuses and close to $73K from profit sharing; these performance components cause packages to range between $26K and $155K. Geography is the biggest factor affecting pay for this group, followed by career length. Medical benefits are awarded to one-third, and nearly one in six earn dental coverage. It's heartening to note that most people in this field love their work, finding it both fun and rewarding. There are more male Small Business Owners and Operators than female among those who completed the questionnaire, making up 68 percent. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$25,521 - $146,861
(Median)
$26K
$59K
$150K
MEDIAN: $58,617
10%
50%
90%

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$10.35 - $75.38
(Median)
$10
$25
$75
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
$25,521 - $146,861  
   
Bonus
$0.00 - $28,000  
Profit Sharing
$249.17 - $72,885  
Commission
$27.88 - $64,111  
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).
)
$25,644 - $154,528  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 809
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
$10.35 - $75.38  
   
Hourly Tips
$0.50 - $5.03  
Overtime
$5.00 - $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 - $28,000  
   
Commission
$27.88 - $64,111  
Profit Sharing
$249.17 - $72,885  
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).
)
$25,644 - $154,528  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 299
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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 sometimes assume positions such as Construction Managers. That role pays $73K per year on average. With an annual salary of $70K, Construction Project Manager is the most common role for Small Business Owners and Operators to subsequently assume on their way up the ladder. Transitioning into an Office Manager role — which usually pays $38K — is also typical for Small Business Owners and Operators, though less common by comparison.

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Popular Skills for Small Business Owner / Operator


Survey takers working as Small Business Owners and Operators report using a large range of professional skills. Most notably, facility with Construction Estimating, Social Media Marketing, and Project Management are correlated to pay that is significantly above average, leading to increases of 20 percent, 7 percent, and 5 percent, respectively. Those listing Cleaning as a skill should be prepared for drastically lower pay. Bookkeeping and Customer Service also typically command lower compensation. Most people skilled in Leadership are similarly competent in 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. Folks with fewer than five years of experience take home $43K on average, and those who have worked for five to 10 years see a bigger median salary of $51K. Small Business Owners and Operators with one to two decades of relevant experience report an average salary of approximately $63K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $71K.

Pay Difference by Location

National Average: $59,607

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 105 percent, Small Business Owners and Operators in Oklahoma City receive some of the highest pay in the country. Small Business Owners and Operators can also look forward to large paychecks in cities like Austin (+66 percent), Houston (+61 percent), New York (+54 percent), and Indianapolis (+34 percent). Small Business Owners and Operators in Charlotte make 40 percent less than the national average, proving that location is a major factor in pay. Employers in Tampa and Las Vegas also lean toward paying below-median salaries (28 percent lower and 6 percent lower, respectively).

Related Job Salaries

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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 7%


Leadership
0%

National Average
$60,000




Graphic Design
up arrow 11%


up arrow 12%


Bookkeeping
up arrow 29%

Cleaning
up arrow 30%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 163 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
14%
10-19 years
29%
20 years or more
36%

Common Health Benefits

medical benefits
Medical: 33%
dental benefits
Dental: 16%
medical benefits
Vision: 13%
dental benefits
None: 66%
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