Women-owned firms growing quickest in Georgia
|By Jenna Martin, The Augusta Chronicle, Ga.|
|McClatchy-Tribune Information Services|
Renard had a decade of experience in real estate sales before deciding to branch out on her own. In 2006, Renard, with a daughter in high school and pondering her retirement plans, founded
"I can say at the beginning, I had the support of another woman that was running a brokerage," Renard said. "During the process, I have relationships with other women who are running brokerages that I feel like I can call on and who call on me. They're my competitors, but at the same time supportive."
That support system could be one reason women-owned companies in
Since 1997, the number of businesses led by women in the Peach State has skyrocketed by 118 percent, almost double the national increase of 68 percent.
Out of 9.1 million businesses in the nation owned by women, about 317,000 are in
On a national scale, female-driven firms bring in more than
The report said 40 percent of new firms are now started by women, who are leading overall growth in the real estate, finance and insurance and wholesale trade sectors but are still lagging in educational services and retail/trade.
"I think there are a couple of reasons that contribute to this trend," said
Romaner said about 20 percent of the businesses she works with are owned by women, 20 percent by couples and 60 percent by men.
"I'm working with a lot of prospective female buyers, however, who are calling me out-of-state looking to relocate here," Romaner said. "Many women I'm talking to are coming home to be near family, but they're still looking to create their own income, so they're looking for businesses to buy."
Romaner has several startups under her belt. In 1989, she started one of her first
She then founded a business-development consulting firm in
After getting Transworld off the ground two years ago, Romaner has added two business brokers who are up to carrying about 30 listings each month, and she has plans of continual expansion.
"I tell everybody I'm actively looking for brokers," she said.
The American Express OPEN report did note that while women-owned firms are growing faster than the national average, those companies employ only 6 percent of the country's workforce and contribute 4 percent of revenue -- about the same amount as 1997. The report pointed to the importance of providing women with support and tools to help their enterprises grow.
Renard, who no longer sells property but instead handles all the administrative duties at her
"We have since downsized again in associates and office space," said Renard, who now works with five agents. "However, our gross income continues to increase. I've learned a lot about managing the business more efficiently."
Renard said she looks forward to the day when she can add more Realtors, just as long as they generate business and produce sales.
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