Small Business Owner / Operator Salary

The majority of Small Business Owners and Operators in the United States — close to two-thirds — boast more than 10 years of experience in their profession. Salaries stretch from $26K to $153K per year, and the median is $59K per year. Individual bonuses, profit sharing and commission for Small Business Owners and Operators — as high as $30K, $65K and $49K, respectively — each contribute to the degree of variation within overall compensation, ranging from $26K to $153K. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Men make up the majority of Small Business Owners and Operators (66 percent) survey respondents. Medical benefits are awarded to around one in three, and nearly one in six earn dental coverage. Small Business Owners and Operators largely appreciate their work and find this position highly satisfactory. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Read More
$25,257 - $149,096
$25K
$59K
$150K
MEDIAN: $58,924
10%
50%
90%

Add this chart to your site: 640px    300px

$12.16 - $74.95
$12
$26
$75
MEDIAN: $25.68
10%
50%
90%

Add this chart to your site: 640px    300px

$0$154K
Salary $25,257 - $149,096
Bonus $0.00 - $33,837
Profit Sharing $0.00 - $51,630
Commission $26.91 - $56,171
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).
)
$26,460 - $154,433
  • Country: United States
  • Currency: USD
  • Updated: 12 Oct 2017
  • Individuals Reporting: 867
Hourly Data $0$76
Hourly Rate $12.16 - $74.95
Hourly Tips $0.00 - $2.46
Overtime $5.96 - $76.60
Annual Data $0$154K
Bonus $0.00 - $33,837
Commission $26.91 - $56,171
Profit Sharing $0.00 - $51,630
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).
)
$26,460 - $154,433
  • Country: United States
  • Currency: USD
  • Updated: 12 Oct 2017
  • Individuals Reporting: 285

Job Description for Small Business Owner / Operator

Small business owners and operators work in a variety of industries such as retail goods, auto repair, home inspection, and many others. Their primary duties (outside of their respective skill or trade) include managing employees, providing customer service, promoting their business, filing and documenting appropriate business accounts, and ensuring their business meets any local, state, and federal requirements. Small business owners may work from a storefront, office space, or even from their home. Depending on the type of business, trade, or service they practice, their hours can vary; however, many organizations operate during daytime hours.

Read More...

Small Business Owner / Operator 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 / Operator


Add this chart to your site:   640px 640px    300px 300px


While Small Business Owners and Operators do not often become Construction Managers, the job pays $74K per year on average. Becoming a Construction Project Manager is, more often than not, the most common role that Small Business Owners and Operators move into when they're ready for the next step in their career. The average salary for the position is $70K. Another frequent advance is for Small Business Owners and Operators to assume an Office Manager role; in this role, workers often earn $39K.

Small Business Owner / Operator Job Listings

Popular Skills for Small Business Owner / Operator


Small Business Owners and Operators report using a large range of skills on the job. Most notably, facility with Construction Estimating and Social Media Marketing are correlated to pay that is significantly above average, leading to increases of 22 percent and 6 percent, respectively. Those listing Cleaning as a skill should be prepared for drastically lower pay. Bookkeeping and Sales also typically command lower compensation. It is often found that people who know Leadership are also skilled in Customer Relationship Management (CRM) and Strategic Planning.

Pay by Experience Level for Small Business Owner / Operator

Pay by Experience for a Small Business Owner / Operator has a positive trend. An entry-level Small Business Owner / Operator with less than 5 years of experience can expect to earn an average total compensation of $43,000 based on 275 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Small Business Owner / Operator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $51,000 based on 242 salaries. An experienced Small Business Owner / Operator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $63,000 based on 394 salaries. A Small Business Owner / Operator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 369 salaries.

Pay Difference by Location

National Average: $60,217

Larger city markers indicate a job is popular in that location.

For Small Business Owners and Operators, Oklahoma City provides a pay rate that is 104 percent greater than the national average. Small Business Owners and Operators will also find cushy salaries in Houston (+67 percent), Dallas (+65 percent), Austin (+62 percent), and New York (+39 percent). Small Business Owners and Operators in Charlotte make 39 percent less than the national average, proving that location is a major factor in pay. A couple other locations with smaller-than-average paychecks include Tampa (28 percent lower) and Memphis (16 percent lower).

Small Business Owner / Operator Reviews

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

Small Business Owner / Operator in Statesboro:
"Work Flexibility and conditions."
Pros: I like that owning my own business gives me that particular flexibility that I need or seek after. In my particular field the stress levels are extremely low but can be present from time to time. The work conditions are great and you can work, at times in your own pace; with little to no assistance.
Cons: There's really nothing bad about this job, other than when a customer cancel a order about 30 minutes prior to pick up time or is a no show.

Small Business Owner / Operator in Hoquiam:
"Ability to also attend online school, meeting interesting pe."
Pros: Meeting people from all over the world.
Cons: Nothing so far.

Small Business Owner / Operator in Glendive:
"Work flexibility, people interactions."
Pros: Having control of the business.
Cons: Having to manage 10 people.

Small Business Owner / Operator in Pittsburgh:
"Self Employement is great."
Pros: I like that I can get up whenever I want and be creative designing pinback buttons and t-shirts and selling them at parades, marches and rallies. Every month, I raise money for a different charity and have a specially designed button for that charity. It is great income or sideline income.
Cons: If you don't work, you don't get paid, no paid vacations, holidays or sick days.

Related Job Salaries

Key Stats for Small Business Owner / Operator

Gender

Female
33 %
Male
67 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 199 votes.
Less than 1 year
2%
1-4 years
18%
5-9 years
14%
10-19 years
30%
20 years or more
37%

Experience Affects Small Business Owner / Operator Salaries

▲16%

▲4%

National Average
$60,000

▼16%

▼29%

Skills That Affect Small Business Owner / Operator Salaries


Social Media Marketing
▲6%


National Average
$60,000

▼3%




Graphic Design
▼12%


▼15%


Bookkeeping
▼30%

Cleaning
▼36%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 199 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
14%
10-19 years
30%
20 years or more
37%

Common Health Benefits

medical benefits
Medical: 31%
dental benefits
Dental: 16%
vision benefits
Vision: 12%
no benefits
None: 67%