Average Small Business Owner Salary

$70,158
Avg. Base Salary (USD)
10%
$31k
MEDIAN
$70k
90%
$148k

The average salary for a Small Business Owner is $70,158 in 2024

Base Salary
$31k - $148k
Bonus
$350 - $30k
Profit Sharing
$102 - $137k
Commission
$1k - $62k
Total Pay
$33k - $160k
Is Average Small Business Owner Salary your job title? Find out what you should be paid
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What is the Pay by Experience Level for Small Business Owners?

What Do Small Business Owners Do?

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.
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How do Small Business Owners Rate Their Jobs?

4.7 out of 5
(40)
Extremely Satisfied
10Reviews
Based on 40 responses, the job of Small Business Owner has received a job satisfaction rating of 4.74 out of 5. On average, Small Business Owners are extremely satisfied with their job.

FAQs About Small Business Owners

What is the highest pay for Small Business Owners?

Our data indicates that the highest pay for a Small Business Owner is $148k / year

What is the lowest pay for Small Business Owners?

Our data indicates that the lowest pay for a Small Business Owner is $31k / year

How can Small Business Owners increase their salary?

Increasing your pay as a Small Business Owner is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Small Business Owner that oversees more junior Small Business Owners, this experience can increase the likelihood to earn more.