Money · 1 of 5
What business owners make
Full time, not incorporated
$47,420
Average sole owner profit
$13,000
Full time, incorporated
$71,942
The middle and top are Census medians for 2024: people who worked their own business full time, all year. Many owners make less, and many earn nothing while the business is new. The low end is the average profit on a sole proprietor's tax return in 2022, about $13,000, which includes side businesses. A small number of founders make millions, but they are not the typical case.