How Much Do Small Business Owners Make? Read These Stats to Learn More

How Much Do Small Business Owners Make in 2018?

How much money do small business owners make? That’s a question that’s difficult to answer simply, since there are so many different types of businesses and industries that fit within that category. However, there are some recent statistics that can shed light on what types of salaries certain small business owners are likely to bring in.

How Much Do Small Business Owners Make These Days?

Payscale has found that the average salary for a CEO is $164,749 per year. However, that includes people who hold that role at large companies and those who came into that role without actually starting or owning the business themselves.

According to a recent study by Fundera, 86.3 percent of small business owners said they take a salary of less than $100,000 per year. In fact, 30.1 percent said they don’t pay themselves at all. Of those who do take a salary, most put their range within $20,000 to $50,000 per year.

When you break down earnings by industry, you can learn a bit more. For example, the median salary for a restaurant owner/operator is around $60,000. Retail store owners earn a median i

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How to Get Your Business Partner Motivated Today

how to motivate your business partner

If you own a business and have a partner it can make managing that business easier. For one thing, it gives you someone who will share the responsibilities, burdens, and triumphs with you. But it can also create other obstacles and problems to work through.

For instance, you may be highly motivated and your partner more relaxed. Such different approaches in work styles can drive you crazy if you let it. But in such situations, there are things to help you motivate a business partner instead.

How to Motivate Your Business Partner 1. Form a Mission Statement

As you first open your business you should form a mission statement. It’s a great way to motivate a business partner as well as yourself. But even if your business has been around awhile, you can still create one.

Mission statements provide others with a short sentence or two stating the reason for your business. It will tell what the company is about as well as why it does what it does.

But the deeper meaning behind a mission statement is that it guides you. Sometimes it even reminds you of why you sacrifice and work so hard to keep your business going.

After developing a mission statement together, you and your partner should look at it as you start each day. Both you and your partner may get just the motivation needed to stay on track.

2. Set Goals Together

In addition to forming a mission state

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Deciding Whether to Mix Personal and Business Brands Doesn’t have to be Hard, Read This

Should You Mix Personal and Business Branding?

For both businesses and individuals, a consistent online brand is essential for attracting the right audience and establishing expertise in their industries. Corporate brands and personal brands are often distinct, but when you are the face of your business, as many entrepreneurs are, you’ll have to decide how you want to integrate the two – or if you want to integrate them at all.

In order to get some perspective on the issue, a group of Young Entrepreneur Council members were asked the following question:

“Branding is an exercise most of us engage in, both in our businesses and in our personal lives. How does your personal brand intersect with your company brand online, if at all? If the two don’t intersect, why don’t they?”

Should You Mix Personal and Business Branding?

Here’s what YEC community members had to say:

1. Keep Them Separate

“I keep my personal brand separate from my company brand because of the fact that I operate more than

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New MacBook Pro May Be Perfect for Small Businesses Seeking Speed and High Functionality

What's New in the 2018 MacBook Pro and Why Do You Need It?

Apple (NASDAQ: AAPL) just announced the availability of the new 13″ and 15″ MacBook Pro line of laptops. And if you are in the market for a powerful laptop for your small business, make sure you at least take a look at them (even if you are not a Mac person).

The specs and the price will definitely get your attention, so it is fair to say this is not for everyone. But for those who demand this level of high-end hardware, the price may well be worth the efficiency it is designed to deliver.

After all, Apple’s senior vice president of Worldwide Marketing, Philip Schiller, said in the press release, “The latest generation MacBook Pro is the fastest and most powerful notebook we’ve ever made.”

The Specs of the 2018 MacBook Pro 15-Inch MacBook Pro 6-core Intel Core i7 and Core i9 processors up to 2.9 GHz with Turbo Boost up to 4.8 GHz Up to 32GB of DDR4 memory Radeon Pro discrete graphics with 4GB of video memory Up to 4TB of SSD storage True Tone display technology Apple T2 Chip Touch Bar and Touch ID Four Thunderbolt 3 ports Starts at $2,399 and can all the way up to $6,699 for the 4TB SSD version ($3,200 of it is for the storage). 13-Inch MacBook Pro Quad-core Intel Core i5 and i7 processors up to 2.7 GHz with Turbo Boost up to 4.5 GHz and double the eDRAM Intel Iris Plus in

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