Small Business Owner Salary

Three-fifths of Small Business Owners in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $30K to $182K per year, and the average comes out to $73K per year. Cash earnings for Small Business Owners — including $40K in bonuses and $102K in profit sharing proceeds near the top of the pay scale — generally stretch from $30K to $182K depending on individual performance. Residence and career duration each impact pay for this group, with the former having the largest influence. Nearly one in three enjoy medical while close to one-fifth get dental coverage. Vision coverage is also available to slightly less than a fifth. The majority of Small Business Owners (63 percent) survey respondents are male. Job satisfaction for Small Business Owners is extremely high. The information for this snapshot was generated by responses to the PayScale salary survey.
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$29,470 - $150,681
$29K
$73K
$150K
MEDIAN: $72,994
10%
50%
90%

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$10.00 - $94.50
$10
$35
$94
MEDIAN: $35.39
10%
50%
90%

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$0$179K
Salary $29,470 - $150,681
Bonus $402.68 - $39,732
Profit Sharing $102.13 - $99,329
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).
)
$30,297 - $179,891
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 167
Hourly Data $0$94
Hourly Rate $10.00 - $94.50
Hourly Tips $1.50
Overtime $27.00
Annual Data $0$179K
Bonus $402.68 - $39,732
Profit Sharing $102.13 - $99,329
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).
)
$30,297 - $179,891
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 34

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.

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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.

Common Career Paths for Small Business Owner


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Small Business Owners may not see large compensation differences if they transition into an upper-level role such as Marketing Director. Marketing Directors on average make about as much as Small Business Owners do. Many Small Business Owners advance into roles as Office Managers or Administrative Assistants, but the median salaries are $37K lower and $44K lower, respectively.

Small Business Owner Job Listings

Pay by Experience Level for Small Business Owner

Pay by Experience for a Small Business Owner has a positive trend. An entry-level Small Business Owner with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 58 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Small Business Owner with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $70,000 based on 61 salaries. An experienced Small Business Owner which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 83 salaries. A Small Business Owner with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $99,000 based on 65 salaries.

Small Business Owner Advice

Q: What is it like working as a Small Business Owner?

Small Business Owner in Burnsville:
"Engineers need more business education, more legal education."
Have separate attorneys for all legal proceedings.

Small Business Owner in Saint Peters:
"Never get comfortable."
Don't over spend, live well under your means! Revenue will inevitably fluctuate from time to time, pay you self as little as possible and take quarterly or year end bonus. Create a vision for what you want your business to be and try and only hire people that can see that vision. Take risk and think outside the box. Borrow as little as possible. Network and stay involved with your community. Always be more than fair to your staff and your customers.

Small Business Owner in Seguin:
"Ive 100%"
Work 24/7 if that's what it takes.

Related Job Salaries

Key Stats for Small Business Owner

Gender

Female
41 %
Male
59 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.
Less than 1 year
1%
1-4 years
13%
5-9 years
21%
10-19 years
28%
20 years or more
36%

Experience Affects Small Business Owner Salaries

▲29%

National Average
$77,000

▼6%

▼9%

Entry-Level
▼36%

Skills That Affect Small Business Owner Salaries

Sales Management
▲58%


Accounting
▲22%

▼0%

Operations Management
▼0%

National Average
$77,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
1%
1-4 years
13%
5-9 years
21%
10-19 years
28%
20 years or more
36%

Common Health Benefits

medical benefits
Medical: 35%
dental benefits
Dental: 23%
vision benefits
Vision: 18%
no benefits
None: 61%