They report directly to the CEO and work closely with them to provide the organization with strategy, vision and financial management. But you can climb out of the business owner salary fog. Small business CEOs can often carve out a nice salary for themselves. Yet, some small business owners don’t get the reward of a steady paycheck. Starting Your Business. Assistant to the president for economic policy - $183,000 The Balance Small Business Menu Go. Included in those numbers are bonuses, profit sharing, and commissions. Rather, it’s a rule of thumb that’s used by many accountants. Pay 60% of your business income to yourself in the form of employee salary; Pay yourself 40% of your business income in the form of distributions; Note: This isn’t an IRS rule and has never been officially approved by the IRS. National average salary: $126,848 per year. Many entrepreneurs don't start businesses to get rich; they do it because they have a passion for their work and love the freedom of being their own boss. CEOs don’t pay themselves — owners pay the CEO. Primary responsibilities: The president of a company is often the same position as a COO of a company. An owner’s draw refers to an owner taking funds out of the business for personal use. Average U.S. Small Business Administration hourly pay ranges from approximately $17.34 per hour for Legal Assistant to $27.68 per hour for Attorney. Factors That Affect Small Business Owner Salary . Average salaries can vary and range from $81,597 to $765,140. House Hearing, 106 Congress “Salary of the President of the United States” Cornell Law School, “ 3 U.S. Code § 102.Compensation of the President ” White House Press Briefing , April 3, 2017 The average U.S. Small Business Administration salary ranges from approximately $35,000 per year for Legal Assistant to $78,691 per year for Attorney. Any CEO salary has to get past the Board of Directors, typically disinterested members of the Board. The range for our most popular President positions (listed below) typically falls between $80,700 and $418,840. The salaries of a small business owner in the United States range from $29,462 to $160,606 a year, according to PayScale, a compensation research company. Hope Hicks. Patty could withdraw profits generated by her business or take out funds that she previously contributed to her company. Deducting Officer Salaries as a Business Expense . Here's a visual look at their average base compensation. What are the average salary ranges for jobs in the Executive and Management?There are 1452 jobs in Executive and Management category. Larry Kudlow. Many small business owners compensate themselves using a draw, rather than paying themselves a salary. The average business owner salary is $59,000 per year. 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