I come from a family full of small business owners. My dad makes about 100-150k a year (depending on the year) in his small business and has about 10 employees who make at minimum 40k and the top makes 80k.
My dad’s salary doesn't seem outrageous to me as he pays higher wages than the industry standard.
Are their any studies on fair wages for the owner of a company vs his employees? As I see it, my dad’s wage seems fair. He carries all the business debt and obviously never gets to clock out and has spent 21 years growing this business through thick and thin. I’m not asking about CEO’s of fortune 500 companies, but all the small business owners out there (less than ~100 employees). Thoughts on how to establish a fair salary for the owner of a small business?