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Small Business Owner

Find out how to become a small business owner who provides goods and services to the community. Discover information on salary, growth, skills and occupational expectations.

Similar job roles
The current average salary of an Small Business Owner is $33,200 - 74,700 annually

 

What does a Small Business Owner? 

Small business owners are entrepreneurs who start their own business, often responding to a dearth in the local market for their goods or services.

Read more about the administration and business industry.

What skills do you need to be a Small Business Owner?

Small business owners plan and organise the day-to-day operations of their business, providing the community with a range of products and services.

  • Being hard working, dedicated, organised and highly motivated to succeed
  • Planning and organising the day-to-day running of the business
  • Recruiting and training staff, managing their daily performance and long-term goals
  • Assessing changing business situations and gearing the business and staff to handle these changes
  • Overseeing the functioning of various departments like accounting, marketing, sales and human resources
  • Providing excellent customer service

How to become a Small Business Owner

Small Business Owners typically need a bachelor's degree in business to understand the operational side of having a small business.

However, studying a course like the BSB40320 - Certificate IV in Entrepreneurship and New Business can help you develop the skills in preparing for unique and complex scenarios as an entrepreneur, which can be a great starting point. 

The rewarding part of study and learning was knowing that I absolutely put my whole effort, energy, experience and knowledge to this point in my life into it.
Student Q&A: Simon H.
, Business Faculty Student - Leadership and Management
Read the full testimonial

Small business owner quick facts

Working as a small business owner means you have to be entrepreneurial, hard working and committed to growing your business.

Employment for Small Business Owners is projected to fall in the next five years, however, with the growth of online business and e-commerce, starting a small business may have great potential.

Outlook
  • Average Hours Worked
    46 full-time hours per week vs. all jobs average of 40 hours
    *Source
  • Main Industries
    Health care and social assistance; manufacturing; and retail trade
  • Job Growth 
    Projected to fall in the next five years, however, there's potential growth in online business and e-commerce. 

* All information on this page has been complied using figures from au.talent.com and the Australian Government's labourmarketinsights.gov.au - all figures are indications only, and are accurate at time of publication. Please do your own research before selecting a course or career.

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