The average salary for a Small Business Owner is $71,214.
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$30k - $152k
$495 - $25k
$497 - $232k
$31k - $175k
Your Market Worth Over Time
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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. 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…Read more
Small Business Owner Tasks
- 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.
Job Satisfaction for Small Business Owner
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Popular Skills for Small Business Owner
Human Resources (HR)
Skills in Sales and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Human Resources (HR), Business Management and Operations Management.
Pay by Experience Level for Small Business Owner
An entry-level Small Business Owner with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $54,500 based on 8 salaries. An early career Small Business Owner with 1-4 years of experience earns an average total compensation of $59,948 based on 59 salaries. A mid-career Small Business Owner with 5-9 years of experience earns an average total compensation of $54,937 based on 76 salaries. An experienced Small Business Owner with 10-19 years of experience earns an average total compensation of $66,565 based on 114 salaries. In their late career (20 years and higher), employees earn an average total compensation of $91,462.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Small Business Owner in their job title in Boston, Massachusetts earn an average of 73.8% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (40.4% more) and Minneapolis, Minnesota (24.2% more). The lowest salaries can be found in Los Angeles, California (64.9% less) and Seattle, Washington (14.4% less).
Years of Experience
This data is based on 389 survey responses.
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