What is an Entrepreneur?

An entrepreneur is an enterprise owner who constantly builds new ventures and merchandises them with the end objective of converting them into gains. To build a new enterprise as an entrepreneur, you must develop a business strategy, procure assets and funding, and employ creative persons.

You will also act as an important part of the commercial sector because you are the brain behind commercial improvement and creativity. You must utilize your business to generate a reasonable living, which enhances the standard of life. Furthermore, you are to assist and sustain methodological merchandising and interaction actions of the entrepreneurship. You will also be required to work with every technological, managerial, and procedural aspect of the business.

As an entrepreneur, you must display excellent interaction, leadership, and management skills. In addition, you need a bachelor's degree or an associate degree to get a job as an entrepreneur. It is possible to be an entrepreneur with just a high school degree or GED. You will earn a yearly salary ranging from $41,000 to $134,000, which is an average of $74,224 or $35.68 per hour.

What Does an Entrepreneur Do

There are certain skills that many entrepreneurs 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.

Learn more about what an Entrepreneur does

How To Become an Entrepreneur

If you're interested in becoming an entrepreneur, one of the first things to consider is how much education you need. We've determined that 61.7% of entrepreneurs have a bachelor's degree. In terms of higher education levels, we found that 11.2% of entrepreneurs have master's degrees. Even though most entrepreneurs have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become an Entrepreneur
Top Entrepreneur Jobs Near You

Entrepreneur Career Paths

In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of vice president you might progress to a role such as executive vice president eventually. Later on in your career, you could end up with the title executive vice president.

Entrepreneur

Top Careers Before Entrepreneur

Internship(51,064 Jobs)
10.4 %
Sales Associate(579,849 Jobs)
8.6 %
Customer Service Representative(209,515 Jobs)
8.0 %

Top Careers After Entrepreneur

Internship(51,064 Jobs)
10.8 %
Sales Associate(579,849 Jobs)
9.6 %
Customer Service Representative(209,515 Jobs)
6.6 %

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Average Salary for an Entrepreneur

Entrepreneurs in America make an average salary of $70,849 per year or $34 per hour. The top 10 percent makes over $118,000 per year, while the bottom 10 percent under $42,000 per year.
Average Entrepreneur Salary
$70,849 Yearly
$34.06 hourly
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What Am I Worth?

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Roles and Types of Entrepreneur

The role of an entrepreneur includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general entrepreneur responsibilities:

  • Have you been dreaming of heading to silicon valley to work for the next big start up? Wanting to make an impact with your career by helping design
  • To be successful in this role, an individual must be able to perform in a satisfactory manner the functions listed below. We will make reasonable accommodations to enable individuals with disabilities to perform these functions. Venture coaching: coach 8 companies at a time, for 3 hours per month in the areas outlined above. Significant, in-region travel is required
  • Oversee the daily sales operations track monthly results

There are several types of entrepreneur, including:

Manager

Role:

Responsible for overseeing the entire operation, the manager has a lot of responsibility on his/her or her shoulders. When we say the entire operation, we mean planning, directing, and leading the organization.

Managers should expect to work a little more than a normal 40-hour week. Since they're in charge, they're expected to be available. That's why managers end up typically working 50 hours a week, sometimes you may get away with only working 45 hours, though.

The education requirements for managers vary depending on who you work for. You might be required to have a bachelor's degree, but you might also get away with an associate degree. Now, there are some management positions that require a master's degree but, again, it really all depends on where you take your management career.
  • Average Salary: $58,651
  • Degree: Bachelor's Degree

Store Manager

Role:

An important job for store managers is to attract customers into their stores through new strategies. They also have sales goals that they must meet each month and can achieve those goals through training, motivating, mentoring, and giving feedback to their staff.

A store manager's goal is to make sure every customer is satisfied with the customer service they received. The saying, "every customer is right," is definitely not a factual statement, but it's a store manager's motto.

All of these responsibilities lead up to something greater. That's right, 45-50 hour work weeks. Someone has to stay late and make sure the store is perfectly ready for the next day. Typically, this won't be a high stress job, unless it's the holidays or a tax-free weekend. Did someone say Black Friday shopping? Good luck!

  • Average Salary: $46,950
  • Degree: Bachelor's Degree

General Manager

Role:

General managers are pretty important in the workplace. Employees look up to people in these positions for guidance on policies and management of daily operations. A general manager can be useful in almost every industry, that's why this is a great position if you're looking for lots of opportunity.

General Managers are generally found in business settings, but they can also work in industries like the sound recording industry. There's no limit to where you can take this position. The possibilities are truly endless.
  • Average Salary: $71,581
  • Degree: Bachelor's Degree
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States With The Most Entrepreneur Jobs

Mouse over a state to see the number of active entrepreneur jobs in each state. The darker areas on the map show where entrepreneurs earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Entrepreneur Jobs By State

RankStateNumber of JobsAverage Salary
1Texas7,732$59,639
2Missouri5,149$50,312
3North Carolina4,067$67,051
4California4,007$79,251
5Alabama3,818$61,935
6Georgia3,762$62,696
7Arkansas3,697$43,497
8Kansas3,686$47,508
9Michigan3,494$81,879
10Minnesota3,483$66,029
11Oklahoma3,466$57,507
12Pennsylvania3,463$65,103
13Tennessee3,152$59,803
14Illinois3,069$78,756
15Virginia2,987$81,722
16Kentucky2,892$53,218
17Louisiana2,733$56,766
18Ohio2,710$75,667
19Wisconsin2,568$74,203
20South Carolina2,418$49,548
21New York2,375$107,291
22Indiana2,316$55,328
23Iowa2,272$54,380
24Nebraska2,083$51,428
25Washington1,923$81,373
26North Dakota1,842$60,923
27South Dakota1,688$69,927
28Oregon1,663$68,851
29Colorado1,447$60,518
30New Mexico1,210$49,023
31West Virginia1,120$61,260
32Idaho1,099$48,113
33Utah926$44,016
34Mississippi890$36,275
35Florida872$44,747
36Arizona766$57,612
37Maryland372$76,731
38Wyoming291$51,819
39Nevada254$52,062
40Delaware189$77,593
41Massachusetts134$82,278
42New Jersey125$87,436
43Connecticut60$103,815
44Montana59$49,013
45Maine39$60,691
46New Hampshire32$62,008
47Rhode Island25$77,742
48Vermont19$56,370
49Alaska4$70,000
50Hawaii2$36,208

Entrepreneur Education

Entrepreneur Majors

Business
31.6 %
Marketing
7.1 %
Accounting
6.0 %

Entrepreneur Degrees

Bachelors

61.7 %

Associate

14.3 %

Masters

11.2 %

Top Colleges for Entrepreneurs

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

Admissions
Most Popular Majors
Finance
Business
Economics
Computer Science
Marketing

2. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

Admissions
Most Popular Majors
Business
Economics
Communication
Psychology
Computer Science

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

Admissions
Most Popular Majors
Business
Computer Science
Electrical Engineering
Communication
Accounting

4. New York University

New York, NY • Private

In-State Tuition

$51,828

Enrollment

26,339

Admissions
Most Popular Majors
Business
Economics
Psychology
Political Science
Electrical Engineering

5. Pennsylvania State University

University Park, PA • Private

In-State Tuition

$18,454

Enrollment

40,108

Admissions
Most Popular Majors
Accounting
Economics
Finance
Psychology
Electrical Engineering

6. University of Texas at Austin

Austin, TX • Private

In-State Tuition

$10,610

Enrollment

40,329

Admissions
Most Popular Majors
Business
Economics
Electrical Engineering
Accounting
Psychology

7. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition

$9,808

Enrollment

13,990

Admissions
Most Popular Majors
Economics
Accounting
Psychology
Computer Science
Business

8. Northeastern University

Boston, MA • Private

In-State Tuition

$51,522

Enrollment

13,760

Admissions
Most Popular Majors
Mechanical Engineering
Economics
Electrical Engineering
Communication
Political Science

9. Bentley University

Waltham, MA • Private

In-State Tuition

$49,880

Enrollment

4,177

Admissions
Most Popular Majors
Accounting
Finance
Business
Marketing
Communication

10. Lehigh University

Bethlehem, PA • Private

In-State Tuition

$52,930

Enrollment

5,030

Admissions
Most Popular Majors
Finance
Computer Science
Business
Accounting
Marketing

Top Skills For an Entrepreneur

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, 51.1% of entrepreneurs listed kids on their resume, but soft skills such as communication skills and leadership skills are important as well.

  • Kids, 51.1%
  • Web Design, 7.5%
  • Product Development, 4.6%
  • Business Plan, 4.3%
  • Financial Statements, 4.1%
  • Other Skills, 28.4%

Choose From 10+ Customizable Entrepreneur Resume templates

Zippia allows you to choose from different easy-to-use Entrepreneur templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Entrepreneur resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Entrepreneur Demographics

Entrepreneur Gender Distribution

Male
Male
59%
Female
Female
42%

After extensive research and analysis, Zippia's data science team found that:

  • Among entrepreneurs, 41.5% of them are women, while 58.5% are men.

  • The most common race/ethnicity among entrepreneurs is White, which makes up 67.1% of all entrepreneurs.

  • The most common foreign language among entrepreneurs is Spanish at 45.2%.

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Best States For an Entrepreneur

Some places are better than others when it comes to starting a career as an entrepreneur. The best states for people in this position are New York, Connecticut, New Jersey, and Massachusetts. Entrepreneurs make the most in New York with an average salary of $107,291. Whereas in Connecticut and New Jersey, they would average $103,815 and $87,436, respectively. While entrepreneurs would only make an average of $82,278 in Massachusetts, 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. Michigan

Total Entrepreneur Jobs: 3,494
Highest 10% Earn:
$145,000
Location Quotient:
1.31

$81,879

Avg. Salary

View 3,494 Entrepreneur Jobs In MI

2. New York

Total Entrepreneur Jobs: 2,375
Highest 10% Earn:
$183,000
Location Quotient:
0.54

$107,291

Avg. Salary

View 2,375 Entrepreneur Jobs In NY

3. South Dakota

Total Entrepreneur Jobs: 1,688
Highest 10% Earn:
$119,000
Location Quotient:
4.57

$69,927

Avg. Salary

View 1,688 Entrepreneur Jobs In SD
Full List Of Best States For Entrepreneurs

How Do Entrepreneur Rate Their Jobs?

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Top Entrepreneur Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ entrepreneurs and discovered their number of entrepreneur opportunities and average salary. Through our research, we concluded that University of Massachusetts Boston was the best, especially with an average salary of $66,033. EBay follows up with an average salary of $114,104, and then comes Year Up with an average of $35,611. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as an entrepreneur. The employers include Mechanism, Project-A, and Wilbur Labs

Most Common Employers For Entrepreneur

RankCompanyAverage SalaryHourly RateJob Openings
1eBay$114,104$54.8674
2Online Business Systems$96,554$46.425
3YouTube$88,166$42.394
4Etsy$79,200$38.086
5*n/a*$73,677$35.4213
6Amway$73,216$35.2019
7ViSalus$70,088$33.705
8Intelliweather$69,177$33.2613
9UMass Lowell$66,133$31.795
10University of Massachusetts Boston$66,033$31.7582
Show More

Entrepreneur Videos

Day in the Life: Mushroom Kit Entrepreneurs
Career Advice on becoming an Entrepreneur/CEO by Juan G (Full Version)
Career Advice on becoming an Entrepreneur by Sir Richard Branson (Highlights)

Becoming an Entrepreneur FAQs

Is Being An Entrepreneur A Career?

Yes, being an entrepreneur is a career. There are many different career paths that an entrepreneur can pursue. Many people who hold degrees in entrepreneurship go on to work in finance, business, marketing, sales, and human resources. There are often many businesses that have an entrepreneur track.

What Are Careers In Innovation?

Software engineers, machine learning engineers, and systems engineers are careers in innovation. Here are some details on these careers and others that involve innovation:

  • Software engineer

What Are The Pros And Cons Of Being An Entrepreneur?

The pros and cons of being an entrepreneur relate to freedom, control, and financial risk. Here are the top pros and cons of being an entrepreneur:

Pros:

  • Entrepreneurs have a lot of freedom and flexibility. Being an entrepreneur grants you a high level of freedom and flexibility. Most get to determine their working hours and where they want to work, whether in an office setting or remotely from home.

    You also don't have a boss to report to every day, making this profession one that has more autonomy than most.

  • Control over your business. When you are an entrepreneur, it is up to you how you want to run your business. Your strategies for selling products or services reside in your own authority.

    You can also de to hire and how much to pay them. You get to be the guiding force in your company's culture, initially in its early stages.

  • Potential high reward. All the profits you generate from your business are yours. Aside from business expenses, like operational costs and salaried employees, you get to reap the reward in terms of money for your efforts.

    Entrepreneurs have the potential to earn extremely impressive amounts of money, depending on how original their business idea is and if it takes off.

  • You get to focus on your passion. One of the best aspects of being an entrepreneur is you have the chance to let your passions guide you. You get to form a business around something you are interested in rather than being employed at a place where your interest could be minimal.

    There are also no strict requirements to becoming an entrepreneur, as long as you have a good idea and funding.

Have more questions? See all answers to common executive management questions.

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Updated February 6, 2023