GROWTH INDUSTRY : WOMEN BUSINESS OWNERS EMERGE AS FORCE, GROUP SAYS.Byline: Dawn Yoshitake Daily News Staff Writer The crash of 1987 convinced former broker Sandra Cardet to get out of stocks and build a new career in construction. Cardet now owns a Studio City remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling company, employing 35 workers. Cardet is part of the fastest growing legion of entrepreneurs, the National Foundation for Women Business Owners Many online and offline organizations have been created to collect information about businesses around the world owned and operated by women. Many other organizations have been created to assist the women that own and operate those businesses. said Tuesday. One out of every four U.S. workers is employed by a woman-owned business, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. its study. By the end of 1996 there should be 8 million women-owned businesses, a 77.6 percent increase that is nearly twice the overall rate of U.S. company formation. ``Women business owners are a significant economic force,'' said Sharon Hadary, a spokeswoman for the Washington, D.C., research group. ``Women are looking around and seeing corporate downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing , the glass ceiling and the success of other women and saying, `I can do that,' and are making a run for it.'' Nationwide, sales from women-owned companies are expected to more than triple to $2.3 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. this year, compared with 1987. Employment should rise nearly three times as well to 18.5 million. Construction, wholesale trade and agribusiness agribusiness Agriculture operated by business; specifically, that part of a modern national economy devoted to the production, processing, and distribution of food and fibre products and byproducts. are seeing the greatest gains in women-owned businesses. ``Women recognize these are areas with a lot of potential for business and profit and they don't have to limit themselves to retail or the service industry,'' Hadary said. Just ask Cardet, owner of Sandra Cardet Design and Construction, or Betty Hintz, president and owner of Burbank-based construction company Hintz Enterprises Inc. ``After the stock market crash, I started buying fixer-uppers and soon people started asking me to remodel re·mod·el tr.v. re·mod·eled also re·mod·elled, re·mod·el·ing also re·mod·el·ling, re·mod·els also re·mod·els To make over in structure or style; reconstruct. their kitchen and bathrooms and that's when I decided to get a contractor's license,'' Cardet said. ``I started with only me working on a site with workmen, but then the business grew to over $2 million and 35 employees last year.'' Despite the business she has gained with residential remodeling work, breaking into public works public works pl.n. Construction projects, such as highways or dams, financed by public funds and constructed by a government for the benefit or use of the general public. Noun 1. contracts has been a different story. ``It's still a good old boys network,'' she said. Hintz and her husband started their business 35 years ago, but ownership shifted to her eight years ago. CAPTION(S): Photo Photo: (Color) Sandra Cardet quit selling stock to start he r own remodeling company in Studio City. David Crane/Daily News |
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