Retail Business Owners

Retail business owners are entrepreneurs who start or buy their own businesses or franchise operations. They are responsible for all aspects of a business operation, from planning and ordering merchandise to overseeing day-to-day operations. Retail business owners sell such items as clothing, household appliances, groceries, jewelry, and furniture.

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Quick Facts
Alternate Title(s) None
Duties Start or buy their own businesses or franchises; responsible for merchandising and buying, store operations, sales promotion and advertising, bookkeeping and accounting, and personnel supervision
Salary Range Below $25,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are available throughout the country
Minimum Education Level
  • High School Diploma
School Subjects
  • Business
  • English
  • Mathematics
Experience Retail experience required
Personality Traits
  • Organized
  • Problem-Solving
  • Realistic
Skills
  • Business Management
  • Financial
  • Leadership
Certification or Licensing Required
Special Requirements None
Employment Prospects Fair
Advancement Prospects Fair
Outlook About as Fast as the Average
Career Ladder
  • Owner of a Large Business or Multiple Franchises, or Consultant
  • Retail Business Owner
  • Retail Manager
  • Retail Sales Clerk

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