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Salary and Benefits

Business Owner
$107K-$130K / yr. (est.)
$107K
$118,928 / year
$131K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Business Owner

What does a Business Owner do?

We, business owners establish, run, manage, and operate businesses. We arrange the capital for the business and make all the important decisions related to the financing or operations of the business. We hire and lay off staff and decide the authorities of the employees. We work individually or with other partners to control the business and its monetary policies. Other than this, we gather data and make decisions that will help us to expand the business and to make it profitable.

Core tasks:

  • owning and operating business activities
  • deciding on the sources of finance
  • making policies that will help us to run and expand the business

Insights

How Many Years of Experience Do Professionals Need Before Becoming Business Owner?
On average, people work 7+ years in other positions prior to becoming a Business Owner.
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Business OwnerNew York City, NY - A year ago
Well, well, look at mister 7+ years experience over here. It's not all about the time, it's about the skills and mindset. Some of us got it, some of us don't. 💁
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Business OwnerSan Francisco, CA - A year ago
7+ years? Ha! I had no intention of following someone else's orders for that long. I paved my own path and became a Business Owner as soon as I could! 💥
How Long Do Business Owner Employees Typically Stay in Their Roles?
On average, Business Owners works in this position for 5+ years across multiple employers.
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Software EngineerSan Francisco, CA - A year ago
Being a software engineer, I appreciate the efficiency of this infographic. No need for lengthy reports, just give me the data.
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NurseHouston, TX - A year ago
Ok, but can we also see the data on work-life balance for business owners? I bet it's not pretty. 😥
What Is the Job Hopper Score for Business Owner Employees?
Moderate job changes in Business Owner, showing some career movement without excessive turnover.
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ConsultantChicago, IL - A year ago
Why limit yourself to one business? Consultants can help Business Owners in various industries and provide fresh perspectives. Don't be afraid to seek external expertise!
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EntrepreneurMiami, FL - A year ago
Being an Entrepreneur means having the freedom to innovate and take risks. Business Owners should constantly adapt to stay ahead in this ever-changing market. 💪

Career path

Path to job

Discover a Business Owner's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Business Owner typically studied at.
Arizona State University-Tempe
Brigham Young University-Idaho

Community

Demographics

What Is the Age and Gender Ratio of Business Owner Employees?
Gender ratio in Business Owner position: 0.614213782803499 Male and 0.385786217196501 Female. Age ratio in Business Owner position: 16-20: 9%, 21-30: 40%, 31-40: 27%, 41-50: 15%, 51-60: 7%, 60+: 2%. Business Owner position is predominantly male (61.4%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Business OwnerNew York City, NY - A year ago
I'm a 21-year-old business owner myself. Age ain't nothin' but a number when you got passion and drive! 🔥
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Business OwnerSan Francisco, CA - A year ago
Age ain't the only thing that matters in this field. It's about experience and the willingness to take risks. 🚀

Workplaces

Who Are the Top Employers for Business Owner?
Top employers of Business Owner position: ACN, Amway, Total Life Changes. People who work in Business Owner position most typically go on to work for the ACN.
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Business OwnerPhiladelphia, PA - A year ago
ACN may not be for everyone, but it has helped many people achieve financial independence. Don't dismiss it entirely!
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Business OwnerPhoenix, AZ - A year ago
Amway claims to be a legitimate business, but the reality is that most people lose money trying to make it work!
ACN
Amway
Total Life Changes
What Industries Does Business Owner Typically Have Experience In?
Industry Background: The most typical industries of Business Owner: Mining / Oil & Gas, Manufacturing, Retail, Construction, Information Technology. Business Owner employees most likely come from a Mining / Oil & Gas industry background.
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Business OwnerChicago, IL - A year ago
Well, being a Business Owner in the Construction industry is tough, let me tell ya. Dealing with permits, labor shortages, and tight deadlines can make ya pull out your hair. But seeing a project come together? That's priceless. 😩
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Business OwnerMiami, FL - A year ago
Uh, y'all think running my own Manufacturing business is easy? Trying to keep up with production demands, quality control, and managing a whole team ain't for the faint-hearted. It takes hustle and guts, lemme tell ya. 💪

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Discussion about Business Owner

Want to know more about Business Owner position?
Share your thoughts and ideas about Business Owner position with others in our community.
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Is Business Owner a female or male dominated profession?
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Liam Brown3 years ago
More men than women work as a Business Owner.
What is the typical age of people who work as a Business Owner?
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Benjamin Gardner3 years ago
33 is the average age of people working as a Business Owner.
Is a Business Owner considered to be a junior profession?
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Sophie Hayes3 years ago
On average, people have 7 years of experience when they start working as a Business Owner
Which industries are highly likely to employ a Business Owner?
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Liam Brown3 years ago
Retail employs the most.
Speaking of higher education, do I need a degree as a Business Owner?
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Isabella Holmes3 years ago
Most people have No higher education
Which company is likely to have openings for Business Owner positions?
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Sophie Hayes3 years ago
ACN, Amway, Total Life Changes and Wake Up Now has the most employees.
How many years do people spend as a Business Owner in their career path?
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Liam Brown3 years ago
You should work for more than 5 years before considering changing to another role.
How likely is it for people working as a Business Owner to switch companies still working as a Business Owner?
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Liam Brown3 years ago
a Business Owner is not a typical job hopper, but might change companies.
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Disclaimer

informationLENSA generates certain information provided on this website by compiling and analyzing publicly available data and data from employees/former employees. All company names are the registered trademarks of their original owners. The use of any trade name or trademark does not imply any association with the third-party company. None of the information provided is endorsed in any way by any of the companies mentioned. We do not guarantee the accuracy, currency, or suitability of this information (including regarding demographics or salary estimate) and you are responsible for how you use it. ALL INFORMATION IS PROVIDED “AS IS” AND “WITH ALL FAULTS”. We are not responsible for nor endorse third party content on our website. If you notice any inaccurate information or information you think is proprietary you can email us at [email protected]. See our Terms and Conditions and Community Guidelines for more information.