SMB Nation Blog

SMB Nation has been serving the Bainbridge Island area since 2001, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

2016 Salary Survey Results – Part II: F/T, Salaried, Six Figures

2016 Salary Survey Results – Part II: F/T, Salaried, Six Figures

As our 2016 salary survey journey continues, we are getting closer to what matters most: money. Last time, in Part I, we established you are well-experienced, educated and the owner. All highly desirable demographic characteristics. Let’s go a layer deeper.

Employment
You are full-time in your company. In fact, you’re likely working overtime! Very few were part-timers. With that said, you’re a W-2 employee in the US (this was nearly 60% of your income) followed by additional income in the form of owner draws and dividends (30%). Makes sense for anyone who has run a small business.

Compensation
Looking more specifically at compensation, the most common response was salary with bonus (39%). Very few of you were working for an hourly wage. And only one respondent had a commission-only position. Your actual compensation clusters in the range of $91,000 to $150,000 USD. Impressive. The exact average (mean) compensation was, wait for it, was $91,000 to $100,000 which is consistent with prior years of survey. The most frequent response (mode) was exactly tied in the range of two categories: $91,000 to $100,000 and $101,000 to $125,000. All of this supports our long-running narrative that “our people make $100,000 USD per year.”

Company Revenue
Vendors and sponsors, in an eternal quest to turn geeks into resellers, are always seeking out the “big guys” at the expense of not showing love to the little guy. Our survey results offer both. The most popular response (mode) for company revenue was $1-million to $3-million, a full 29% above the next category. The average (mean) response was $251,000 to $300,000. Why is this? That’s because we have a double bell curve. We have a cluster of responses in the $51,000 to $200,000 company revenue range that is dragging down the overall average. I’d offer this is the one-person shop. But the cluster between $500,000 and $10,000,000 ($10M) represents50% of the responses (OK actually 49.99%). Something for everyone.

So what’s it all mean. A “B” grade that you’re hanging in there during changing times, transforming compensation models and shifting technology paradigms. Staying even is the new win. Congratulations.

Next week we will look into forward looking statements. Join us right here in the SMB Sunday paper!

PS – Want to make more? Attend our Office 365/Windows 10 Roadshow! Phoenix is May 10th following by Los Angeles and San Francisco. Learn more at 2016roadshow.smbnation.com.

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Analysis: Why I’m Qualified to Discuss AttachedApps

Analysis: Why I’m Qualified to Discuss AttachedApps

Over the next couple blogs, I’ll review AttachedApps, a contact management system for small businesses (and I’d assert Start-Ups in particular). I’m qualified to have this conversation with you. I use AttachedApps. And I use it in a start-up. Let me use this blog for the proper context and later I’ll rock the speeds and feeds.

There is a popular philosophy about being a lean start-up.

Just as the name implies, you keep it simple stupid. I’m currently involved in a Big Data start-up in Seattle in addition to my ownership role at SMB Nation. I’ve learn a lot over the past year about what a real investor-backed start-up looks like. It’s been like earning a second MBA. One decision relevant to this conversation with to use AttachedApps as our “baby CRM” system. I can now say that I’ve used nearly every major CRM solution including Salesforce, Microsoft Dynamics CRM Online 2015 (“Dynamics CRM”) and NetSuite. I still use a couple programs daily supporting the Big Data clients we have.

But internally, the decision was made to roll with AttachedApps from day one. Why? Simplicity! Essentially instead of being consumed with the complexity of Saleforce et al, the prevailing sentiment was to just get stuff done. I get it. When I work with the big boys (Salesforce, Dynamics CRM), you find yourself spending more time just trying to figure out how to do something. You know it can be done, you’re just not sure how to do it. Then there is the notion that most people use a fraction of the power in the big boy CRM packages. With AttachedApps, using it daily, I can honest say I’m using the majority of the horsepower that comes standard! 
Bottom line: Rethink the technology you deploy in a start-up. Complexity is overkill. Consider simplicity like AttachedApps.

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Don’t Miss: 2016 Salary Survey Closes March 31st

Don’t Miss: 2016 Salary Survey Closes March 31st

Hey there, Hi there, Ho there!

We need your support! In order to have a representative data set of the state of SMB compensation and activities, we need more participation. Think of this as Karma Dollars! You contribute your information (confidentially) and you benefit from seeing more rich results (literally). Think of it as crowd sourcing meets the sharing economy.

With respect to viewing this survey from a start-up perspective, I have a story to share. Earlier this month I met a young man at the Channel Partners conference in Las Vegas. He had recently completed college and was all bright eyed and bushy tailed. He sincerely wanted to know what line of work to go into with respect to information technology (IT). He was looking at traditional networking as an MSP. He was looking at telecom as a consultant/sales agent (that is still the predominant audience at Channel Partners). This salary survey can truly benefit our start-up kid! Why? Because he can decide if these professional career paths work for him. The world is his oyster and he can compare our MSP/CSP world to opportunities in Big Data (that conference was upstairs at LeadsCon), online commerce, mobility and even Internet of Things (IoT). That’s that start-up hook to the salary survey.

Discover more and participate in the 2016 Salary Survey here

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