The average salary for a Small Business Owner is $68,959.
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What Do Small Business Owners Do?
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
Popular Employer Salaries for Small Business Owner
Explore the most common career paths for Small Business Owner. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Project Manager, (Unspecified Type / Gen...
Small Business Owner / Operator
Somewhat common (8 - 20%)
Small Business Owner Job Listings
What Are Popular Skills for Small Business Owners?
Skills in Sales, Project Management and Business Development are correlated to pay that is above average. Skills that pay less than market rate include Operations Management and Business Management.
What is the Pay by Experience Level for Small Business Owners?
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 $39,456 based on 7 salaries. An early career Small Business Owner with 1-4 years of experience earns an average total compensation of $54,498 based on 65 salaries. A mid-career Small Business Owner with 5-9 years of experience earns an average total compensation of $60,217 based on 78 salaries. An experienced Small Business Owner with 10-19 years of experience earns an average total compensation of $65,299 based on 122 salaries. In their late career (20 years and higher), employees earn an average total compensation of $79,851.
Pay Difference by Location
Employees with Small Business Owner in their job title in Boston, Massachusetts earn an average of 79.4% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (51.9% more) and Minneapolis, Minnesota (28.2% more). The lowest salaries can be found in Los Angeles, California (63.7% less), New York, New York (13.0% less) and Seattle, Washington (11.6% less).
Years of Experience
This data is based on 420 survey responses.