Ooma’s new study shows us a map with interesting regional patterns in small business owner salaries. Their data shows that different regions offer different advantages and benefits for small businesses. The Pacific Northwest leads the charge in earning potential. Washington and Oregon small business owners both earn yearly salaries over $135,000. Ooma attributed this high earning potential to favorable tax laws, a thriving tech industry, and a large pool of talented employees.
The Northeast offers high earning potential, too, with entrepreneurs in New York, Vermont, and Massachusetts earning over $135,000 a year. States with more of an earning challenge include Florida, where heavy competition catering to a thriving tourism market drives down wages.
Understanding this geographic data can make or break a potential small business. Entrepreneurs can use this data to plan a relocation, structure a launch, and make decisions about expanding. The graphic visualizes these trends in an easy-to-read way.
infographic by: www.ooma.com
