Hardware Retailing

MAY 2017

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

Issue link: http://hardwareretailing.epubxp.com/i/815244

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Page 151 of 224

HR: You are currently going through a succession plan with your family. What advice would you give to other families as keys to success in this process? JM: Start early—as in now. I have an unfailing love and respect for every person in my family. It's important to realize that each required decision is in consideration of the longevity of the company. I can only suggest that you apply adequate attention and involve professional consultation that can identify every possible angle. Ultimately, the method you devise must make the most sense for the longevity and valuation of the company. HR: What advice would you give to someone considering getting started in this industry? JM: Don't box yourself in. Thinking back to my late grandmother's influence to move into a larger market, my grandfather's ambition to construct a new retail space, my father's motivation to oversee an acquisition, then eventually extending the company into plant materials—all came as a result of stepping out of the core. My personal goal is to simply exploit every industry resource I can possibly find and constantly pursue practical opportunities that enable growth. Miller expects omnichannel to play a major role in the growth of the home improvement industry in the coming years. To learn more visit re-grip.com. For distribution opportunities contact us at sales@re-grip.com. slip zip The smart, easy and clean solution for adding a grip to any tool, handle, or lever. 1 2 SIMPLY SLIP, ZIP, RE-GRIP ADD A GRIP TO ANY TOOL OR HANDLE

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