Small Business Owner / Operator Salary

Small Business Owners and Operators in the United States are often veterans in their line of work, with just below two-thirds bringing more than 10 years of experience to the table. Salaries slide in at $59K per year on average but can range from $27K to $154K per year. In the world of Small Business Owners and Operators, overall income ranges from $27K near the bottom to $154K at the top; this can include more than $25K from bonuses and more than $73K from profit sharing in exceptional cases. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. The majority of Small Business Owners and Operators claim high levels of job satisfaction. More than a third enjoy medical while a little less than a fifth get dental coverage. Vision coverage is also available to nearly one-eighth. The data in this summary comes from the PayScale salary survey.
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$26,112 - $146,094
(Median)
$26K
$59K
$150K
MEDIAN: $59,225
10%
50%
90%

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$10.41 - $66.38
(Median)
$10
$25
$66
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
$26,112 - $146,094  
   
Bonus
$0.00 - $24,764  
Profit Sharing
$1,430 - $73,407  
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).
)
$26,587 - $153,512  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 959
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
$10.41 - $66.38  
   
Hourly Tips
$0.17 - $7.89  
Overtime
$6.97 - $87.26  
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 - $24,764  
   
Commission
$0.00 - $123,650  
Profit Sharing
$1,430 - $73,407  
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).
)
$26,587 - $153,512  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 288
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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 do not often transition into Construction Manager roles. The role averages $73K per year. More often than not, a Construction Project Manager role is the next step for Small Business Owners and Operators moving up in the field. Construction Project Managers usually make $70K per year. Many other Small Business Owners and Operators choose to take on an Office Manager role, where salaries are typically $38K.

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Popular Skills for Small Business Owner / Operator


Small Business Owners and Operators report using a pretty varied skill set 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 18 percent. Skills that are correlated to lower pay, on the other hand, include Customer Service, Leadership, and Customer Relationship Management. Most people familiar with Leadership also know 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.


Small Business Owners and Operators do not generally earn higher incomes from more experience in the field. Folks who are navigating the first five years of their careers have a median salary of approximately $48K in this position. Those who have been around for five to 10 years don't get much more, though; the median salary in that group is $55K. The average pay reported by folks with 10 to 20 years of experience is around $62K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $73K, demonstrating that compensation is roughly commensurate with experience in the end.

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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 3%

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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