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 — about three in five have more than 10 years in the field. While pay runs from $26K to $154K per year, median earnings come to $59K per year. Total cash compensation for Small Business Owners and Operators runs from $26K to $154K depending on bonuses that can occasionally exceed $25K and profit sharing that can reach almost $73K. Location and experience level each impact pay for this group, with the former having the largest influence. Most people who answered the questionnaire are men; 69 percent of Small Business Owners and Operators are male. Job satisfaction is reported as high by the vast majority of workers. More than a third report receiving medical coverage from their employers and a little less than a fifth collect dental insurance. The data in this summary comes from the PayScale salary survey.
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$25,751 - $146,449

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$10.31 - $65.00

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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
$25,751 - $146,449  
   
Bonus
$0.00 - $24,747  
Profit Sharing
$1,443 - $72,885  
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).
)
$26,136 - $153,702  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 958
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
$10.31 - $65.00  
   
Hourly Tips
$0.17 - $7.89  
Overtime
$7.00 - $82.50  
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 - $24,747  
   
Commission
$0.00 - $123,650  
Profit Sharing
$1,443 - $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).
)
$26,136 - $153,702  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 294
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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. Going from Small Business Owner and Operator to Construction Project Manager is the transition that occurs most often in this field, where the paychecks are $70K. Many others choose to work as Office Managers, where pay is typically $38K.

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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, with boosts between 6 percent and 17 percent. Skills that are correlated to lower pay, on the other hand, include Customer Service, Leadership, and Customer Relationship Management. Those proficient in Leadership are, more often than not, also skilled 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 Small Business Owners and Operators, experience does not seem to be a major factor in determining pay. Small Business Owners and Operators in the early stages of their careers take home approximately $49K on average. The average for people in the five-to-10 year group is only a little larger at $54K. People with 10 to 20 years of experience make an average of about $62K in this role. Small Business Owners and Operators who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $73K.

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Experience Affects Small Business Owner / Operator Salaries



National Average
$60,000



Skills That Affect Small Business Owner / Operator Salaries




Strategic Planning
up arrow 2%

National Average
$60,000

Operations Management
up arrow 2%

up arrow 9%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 181 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
18%
10-19 years
29%
20 years or more
32%

Common Health Benefits

medical benefits Medical: 36% dental benefits Dental: 18%
vision benefits Vision: 13% employee benefits None: 64%
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