Small Business Owner Salary in Hopkins, Minnesota

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Average Salary for Small Business Owner in Hopkins, Minnesota

The average salary of a(n) Small Business Owner in Hopkins, Minnesota is $49,394.

The average hourly rate of a(n) Small Business Owner in Hopkins, Minnesota is $23.75.

The average bonus of a(n) Small Business Owner in Hopkins, Minnesota is $3,290.00.

Job Description:

Owns and manages the activities of a small business, including business planning, finance, marketing, human resources management, operations, and sales and services. Evaluates status of business, forms strategic alliances, and defines, implements, updates, and follows up on business plan. Develops and implements budget, monitors accounting procedures, and uses cash flow statement. Conducts market research, and updates and implements action plan. Advertises products and/or services, produces and distributes promotional materials, participates in industry shows, and conducts public relations activities. Monitors administrative functions, implements policies and procedures, and maintains records system. Administers payroll and benefits program, monitors cash control procedures, and administers accounts receivable/payable procedures and petty cash/payout system. Works with financial institutions and researches and applies for funding. Ensures compliance with legal, licensing, and insurance requirements. Develops risk management plan, prepares for and responds to emergencies, and maintains facility and equipment. Purchases materials, products, and services from suppliers and establishes inventory and receiving procedures. Defines and negotiates contracts, develops proposals, and manages projects. Establishes pricing, displays and provides information about products, provides customer service, handles client concerns, and develops quotes. Sells and delivers products and contracted services. Manages human resources plan, including developing job descriptions and employment application and interview forms. Defines components of employee handbook, conducts orientation for new employees, plans training for staff, and encourages ongoing professional development. Manages employee performance by maintaining personnel files, planning and conducting staff meetings, supervising staff, motivating employees, and conducting performance appraisals. Solicits, screens, interviews, and hires applicants and terminates employees as needed. Less

Owns and manages the activities of a small business, including business planning, finance, marketing, human resources management, operations, and sales and services. Evaluates status of business, forms strategic alliances, and defines, implements, updates, and follows up on business plan. Develops... More

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