The average pay for a Small Business Owner is £17.50 per hour.
The average pay for a Small Business Owner is £29,661 per year.
|Salary||£7,770 - £70,000|
|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).)
|£8,294 - £71,029|
Job Description for Small Business Owner
Small business owners are the financial and/or executive heads of small business. Their duties can be as simple as serving as the profit-maker of the business and delegating authority to a management team; however, many small business owners are constantly engaged in growing and operating their business.Read More...
Becoming a small business owner does require capital to begin, and/or finding investors and raising capital. Small business owners must either develop their own plans, or, in other cases, pay a franchise fee and use the franchised name and business model. Small businesses operate in almost every industry, from financial and legal to education and hospitality; due to the wide variety of industries and levels of engagement, the regular working hours and tasks are often determined by the type of business and how its owner chooses to participate in its development.
Many small business owners will work a few times a year to solve specific problems related to the business, while others will be fully-engaged during regular business hours and perform executive tasks during non-business hours. The work location, employee structure, and number of employees varies greatly. A small business owner can, however, always expect to be their own boss.
There are no educational or training requirements for small business owners, but having a degree in Business Management, Finance, or a related field is useful for securing investors and, of course, having the know-how to develop and execute a business plan. (Copyright 2019 PayScale.com)
- Oversee company operations, directing production, sales, administrative, and/or distribution activities.
- Oversee and/or assist with personnel management, including hiring, training, and performance evaluation.
- Oversee and/or assist with client acquisition and marketing strategies.
- Develop and/or assist with company-wide policies, procedures, objectives, and business strategies.
- Direct and review financial activities, measuring productivity, setting prices, and/or managing budgets.
Small Business Owner Job Listings
Key Stats for Small Business Owner