Earnings
Earnings vary widely and are greatly influenced by the ability of the individual owner, the type of product or service being sold, and existing economic conditions. Some retail business owners may earn less than $15,000 a year, while the most successful owners earn hundreds of thousands of dollars or more. PayScale.com reported that owners/operators of small businesses earned median salaries of $67,779 in September 2020. Salaries ranged from $31,000 to $149,000.
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