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What is a store owner and how to become one

Updated January 8, 2025
2 min read
There is more than meets the eye when it comes to being a store owner. For example, did you know that they make an average of $28.98 an hour? That's $60,283 a year! Between 2018 and 2028, the career is expected to grow 6% and produce 189,200 job opportunities across the U.S.
ScoreStore OwnerUS Average
Salary
4.7

Avg. Salary $60,283

Avg. Salary $59,228

Stability level
9.6

Growth rate 6%

Growth rate 0.3%

Diversity
3.5
Race

American Indian and Alaska Native 0.47%

Asian 6.33%

Black or African American 6.14%

Hispanic or Latino 15.05%

Unknown 4.33%

White 67.69%

Gender

female 50.42%

male 49.58%

Age - 44
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 44
Stress level
9.6

Stress level is very high

7.1 - high

Complexity level
9.2

Complexity level is advanced

7 - challenging

Work life balance
3.6

Work life balance is poor

6.4 - fair

Store owner career paths

Key steps to become a store owner

  1. Explore store owner education requirements

    Most common store owner degrees

    Bachelor's

    50.1 %

    Associate

    20.1 %

    High School Diploma

    16.4 %
  2. Start to develop specific store owner skills

    SkillsPercentages
    Customer Service26.06%
    Product Knowledge11.85%
    Payroll10.27%
    Store Merchandise5.91%
    Inventory Control4.36%
  3. Complete relevant store owner training and internships

    Accountants spend an average of 6-12 months on post-employment, on-the-job training. New store owners learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a store owner based on U.S. Bureau of Labor Statistics data and data from real store owner resumes.
  4. Research store owner duties and responsibilities

    • Manage employees, order supplies, stock, quick books POS
    • Manage own store, selling wide variety of products such as groceries and household items.
    • Train and develop to manage multi-unit operations.
    • Prepare payroll accounts and reconcile bank statements.
  5. Apply for store owner jobs

    Now it's time to start searching for a store owner job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How did you land your first store owner job

Zippi

Are you a store owner?

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Average store owner salary

The average store owner salary in the United States is $60,283 per year or $29 per hour. Store owner salaries range between $38,000 and $94,000 per year.

Average store owner salary
$60,283 Yearly
$28.98 hourly

What am I worth?

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How do store owners rate their job?

-/5

5 stars

4 stars

3 stars

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1 star

Store owner reviews

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A zippia user wrote a review on Jun 2020
Pros

The people that you meet! Interactive with a diverse group of individuals from every walk of life.

Cons

The employees with all no calls and no shows!!!!! Poor upper management not taking up for the staff. Also the rude individual’s that comes in gripping about everything


profile
A zippia user wrote a review on Mar 2020
Pros

i like being in charge and the head of the team

Cons

i don't want to have all responsibility


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A zippia user wrote a review on Jan 2020
Pros

Communication & hard work

Cons

We have to work like a ten all of them have to bee like good friend


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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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