Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Business owner/operator hiring summary. Here are some key points about hiring business owner/operators in the United States:
Here's a step-by-step business owner/operator hiring guide:
Before you post your business owner/operator job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a business owner/operator for hire on a part-time basis or as a contractor.
A business owner/operator's background is also an important factor in determining whether they'll be a good fit for the position. For example, business owner/operators from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of business owner/operators.
| Type of Business Owner/Operator | Description | Hourly rate |
|---|---|---|
| Business Owner/Operator | Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations. | $9-25 |
| Entrepreneur | An entrepreneur is a business owner who regularly creates new ventures and sells them with the end goal of turning them into profit. To start up a new business, entrepreneurs must create business plans and acquire resources and financing while hiring talented individuals... Show more | $20-56 |
| Manager | Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department... Show more | $17-44 |
A job description for a business owner/operator role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a business owner/operator job description:
To find business owner/operators for your business, try out a few different recruiting strategies:
Your first interview with business owner/operator candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the business owner/operator position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Hiring a business owner/operator comes with both the one-time cost per hire and ongoing costs. The cost of recruiting business owner/operators involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of business owner/operator recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $33,361 per year for a business owner/operator, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for business owner/operators in the US typically range between $9 and $25 an hour.