Business owner (specialist shop), selling salary

Business Owner (Retail), Sales: Salary and Job Description

Working as a business owner in retail specializing in specific product categories involves being responsible for the daily operations of a store. This includes everything from managing staff and purchasing to customer service and sales. The role combines leadership and sales skills, requiring strong business acumen and social abilities.

Salary for Business Owner (Retail), Sales

The average salary for business owners in retail, sales, is 35 500 Swedish krona per month. This marks an increase from the previous year's average salary of 35 200 krona. There is a wage gap between genders; men earn an average of 37 600 krona while women earn 34 300 krona, meaning women earn approximately 91% of what men do in this profession.

Salary Development

The average salary has increased by 300 krona compared to the previous measurement, indicating a steady but slow salary growth in the field.

Job Responsibilities for Business Owner (Retail), Sales

A business owner in retail has several key responsibilities, including:

• Staff Management: Recruiting, training, and supervising store employees.
• Merchandise Procurement: Ordering and managing inventory to ensure the store always has the products customers demand.
• Customer Service: Ensuring customers have a positive shopping experience, handling complaints and feedback.
• Sales: Actively working on sales strategies to increase the store's revenue.
• Financial Management: Budgeting, accounting, and financial reporting.

Education and Qualifications

Becoming a business owner in retail often requires a mix of education and practical experience. Many employers prefer candidates with a background in commerce, economics, or marketing. Experience in retail, especially in a leadership role, is also highly valuable. Some employers also offer internal training programs to develop leadership and sales skills.

Relevant Education

Examples of relevant education include:

• Commerce and Administration at the high school level
• Higher education in economics, marketing, or commerce
• Vocational training in store management and sales

Keys to Success

To succeed as a business owner in retail, it's important to have a strong combination of leadership ability, sales skills, and business acumen. Good communication skills, both with staff and customers, are also crucial. A business owner should be solution-oriented and have the ability to make quick and effective decisions.

What to Consider?

It's important to be aware that the role can be demanding, both physically and mentally. Workdays can be long, and work may be required in the evenings and weekends. Having a passion for sales and customer service, as well as a strong desire to run a successful business, is crucial for thriving in the role.

Benefits

Benefits can vary depending on the employer and the size of the store. Some employers offer paid training, which can be a significant advantage for personal and professional development. Other possible benefits may include a company-paid mobile phone and staff discounts on store products.