Average Small Business Owner Salary

$71,214
Avg. SalaryShow Hourly Rate
$5,189
Bonus
$22,750
Profit Sharing
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The average salary for a Small Business Owner is $71,214.
10%
$30k
MEDIAN
$71k
90%
$152k
Is Small Business Owner your job title? Find out what you should be paid

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United States (change)
Salary
$30k - $152k
Bonus
$495 - $25k
Profit Sharing
$497 - $232k
Total Pay
$31k - $175k

Your Market Worth Over Time

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Job Description for Small Business Owner

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

4.6 out of 5
(64)
Extremely Satisfied
6Reviews

Popular Employer Salaries for Small Business Owner

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Popular Skills for Small Business Owner

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.
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.
Entry Level
2.1%
Early Career
15.2%
Mid Career
19.5%
Experienced
29.3%
Late Career
33.9%