Business Owner Careers

Congrats! You opened your own business. Now what? Now, you get to sit back, relax and let everyone else do the hard work, right? Wrong. During the beginning stages of a new business it is so important that the boss is around for the day-to-day operations.

Typically, business owners put in well-above the regular 40-hour week. In fact, you might even have to put in 60 hours a week. At least until your business is extremely successful and can continue to survive without you around all the time. It's hard work as a business owner, but at least you get to be the boss.

Speaking of being the boss, don't forget to hire some people so you don't have to boss yourself around. Once your business starts to take off, you'll want to hire employees to help out. You'll find out quickly that you, indeed, cannot be everywhere all at once.

There is more than meets the eye when it comes to being a business owner. For example, did you know that they make an average of $45.94 an hour? That's $95,559 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.

What Does a Business Owner Do

There are certain skills that many business owners have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, leadership skills and management skills.

When it comes to the most important skills required to be a business owner, we found that a lot of resumes listed 20.4% of business owners included customer service, while 7.5% of resumes included payroll, and 6.6% of resumes included online. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the business owner job title. But what industry to start with? Most business owners actually find jobs in the retail and manufacturing industries.

How To Become a Business Owner

If you're interested in becoming a business owner, one of the first things to consider is how much education you need. We've determined that 52.2% of business owners have a bachelor's degree. In terms of higher education levels, we found that 8.8% of business owners have master's degrees. Even though most business owners have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a business owner. When we researched the most common majors for a business owner, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on business owner resumes include high school diploma degrees or master's degree degrees.

You may find that experience in other jobs will help you become a business owner. In fact, many business owner jobs require experience in a role such as customer service representative. Meanwhile, many business owners also have previous career experience in roles such as sales associate or administrative assistant.

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Average Salary
$95,559
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
61,769
Job Openings

Business Owner Career Paths

Top Careers Before Business Owner

Top Careers After Business Owner

Business Owner Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Business Owner

Business Owners in America make an average salary of $95,559 per year or $46 per hour. The top 10 percent makes over $135,000 per year, while the bottom 10 percent under $67,000 per year.
Average Salary
$95,559
Find Your Salary Estimate
How much should you be earning as an Architect? Use Zippia's Salary Calculator to get an estimation of how much you should be earning.

Best Paying Cities For Business Owners

City
ascdesc
Average Salarydesc
San Francisco, CA
Salary Range93k - 179k$129k$129,448
Westminster, CO
Salary Range71k - 130k$96k$96,465
San Antonio, TX
Salary Range66k - 135k$95k$95,053
$66k
$179k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Business Owner
Business Owner
FFL Premier
FFL Premier
08/05/2021
08/05/2021
$80,00008/05/2021
$80,000
Business Owner
Business Owner
FFL Premier
FFL Premier
08/04/2021
08/04/2021
$80,00008/04/2021
$80,000
Business Process Owner Senior-Modernization (Remote A Possibility)
Business Process Owner Senior-Modernization (Remote A Possibility)
USAA
USAA
08/02/2021
08/02/2021
$88,20008/02/2021
$88,200
Business Process Owner Senior-Modernization (Remote A Possibility)
Business Process Owner Senior-Modernization (Remote A Possibility)
USAA
USAA
08/02/2021
08/02/2021
$88,20008/02/2021
$88,200
Business Process Owner Senior-(Remote A Possibility)
Business Process Owner Senior-(Remote A Possibility)
USAA
USAA
08/02/2021
08/02/2021
$88,20008/02/2021
$88,200
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Business Owner Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Business Owner. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Business Owner Resume

At Zippia, we went through countless Business Owner resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Business Owner Resume Examples And Templates

Business Owner Demographics

Gender

male

49.2 %

female

47.2 %

unknown

3.6 %

Ethnicity

White

72.6 %

Hispanic or Latino

13.0 %

Asian

6.1 %

Foreign Languages Spoken

Spanish

54.3 %

French

9.2 %

German

4.8 %
Show More Business Owner Demographics

Business Owner Education

Majors

Business
33.8 %

Degrees

Bachelors

52.2 %

Associate

21.4 %

High School Diploma

10.3 %

Top Colleges for Business Owners

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

5. Pennsylvania State University

University Park, PA • Private

In-State Tuition
$18,454
Enrollment
40,108

6. University of Texas at Austin

Austin, TX • Private

In-State Tuition
$10,610
Enrollment
40,329

7. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

8. Northeastern University

Boston, MA • Private

In-State Tuition
$51,522
Enrollment
13,760

9. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

10. Lehigh University

Bethlehem, PA • Private

In-State Tuition
$52,930
Enrollment
5,030
Show More Business Owner Education Requirements

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An experienced entrepreneur teaches you how to develop the motivation, discipline, and creativity to quit your job and be your own boss...

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Top Skills For a Business Owner

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 20.4% of business owners listed customer service on their resume, but soft skills such as communication skills and leadership skills are important as well.

Best States For a Business Owner

Some places are better than others when it comes to starting a career as a business owner. The best states for people in this position are California, New York, New Jersey, and Washington. Business owners make the most in California with an average salary of $114,932. Whereas in New York and New Jersey, they would average $110,065 and $108,672, respectively. While business owners would only make an average of $107,556 in Washington, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Pennsylvania

Total Business Owner Jobs:
4,194
Highest 10% Earn:
$169,000
Location Quotient:
1.46
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Washington

Total Business Owner Jobs:
1,712
Highest 10% Earn:
$180,000
Location Quotient:
0.95
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New York

Total Business Owner Jobs:
2,170
Highest 10% Earn:
$185,000
Location Quotient:
0.68
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Business Owners

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Top Business Owner Employers

1. Alticor
4.8
Avg. Salary: 
$113,341
Business Owners Hired: 
193+
2. Mary Kay
4.6
Avg. Salary: 
$107,982
Business Owners Hired: 
119+
3. eBay
4.8
Avg. Salary: 
$124,026
Business Owners Hired: 
103+
4. Primerica
4.4
Avg. Salary: 
$133,410
Business Owners Hired: 
30+
5. LegalShield
4.4
Avg. Salary: 
$90,064
Business Owners Hired: 
29+
6. Farmers Insurance Group
4.5
Avg. Salary: 
$66,095
Business Owners Hired: 
27+

Business Owner Videos

Updated August 18, 2021