Katie Yeager is a woman breaking multiple stereotypes. She is contributing to Kansas City's entrepreneurial spirit and making money along the way.
Yeager rarely stops moving. At the age of 28 she owns a real estate brokerage firm doing $19 million in business in one year alone.
"I don't think I knew I was going to start a real estate company, but I had to start a company," she said.
The burning passion for self-sufficiency ignited for Yeager when she attended Babson College in Massachusetts. Known for churning out entrepreneurs, Yeager said starting a business came naturally.
"There's already students a year ahead of me who have sold their company for millions of dollars. So instead of it being unusual for someone to go out and be an entrepreneur, it's like, ‘oh yeah, it's just what you do,'" she said.
Even Yeager's parents took it well when she decided to leave her job with a top American company to come back to Kansas City.
"When people invest a lot of money into their child's education, not everyone would be okay with their daughter saying 'by the way, I want to quit my Fortune 100 job, come home, and by the way, can I have my old room back while I start up a business?' And my parents were supportive of that," she said.
After getting her real estate license and working for a big firm for a couple of years, Yeager felt the time had come for a change of pace. She decided to found Your Future Address from her home with her sister as an assistant. It's a full-service agency with a flat fee concept and, on average, clients pay less than a four percent commission.
"I tried to see where the difference was in value, and I noticed you can still provide full-service and charge less, as long as you're producing high volume, so it was something I wanted to do," she said.
Yeager is also able to offer the flat fee because she has little overhead in her office.
"I've always tried to focus on spending money on the things that count, and trying to do away with maybe the extras that would be nice, but are more for ego reasons than necessity," she said.
Your Future Address is in its second year, but already Yeager is looking toward the future.
"Once I have four to five company locations up and running, then my goal would be to license or franchise out the models so people can open their own in their own respective cities," she said.
When asked if she gets any flack for being young and female and owning her own company, Yeager says the best way to silence the critics is to simply outsell them.
Copyright 2014 KCTV (Meredith Corp.) All rights reserved
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