By Curtis Gillman A 2021 Harvard Business Review study found that only 30% of family businesses successfully transition to the second generation, 12% make it to the third and just 3% survive into the fourth generation or beyond. Most of …
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Proactive Protection: What Small Business Owners Need to Know About Fraud Prevention
By Luke Vander Linden Retail fraud has long been a threat to businesses, but fraudsters have never been able to go after so many different targets at once. New technologies like artificial intelligence (AI) and automation can help bad actors …
Read More »Industry Viewpoint: Maximizing Margins With Smart Category Price Plans
By Mike Aylen, industry expert and NHPA strategic consultant Welcome to the fourth article in the “Inside the Margin” series, where I will be looking at growing sales and protecting margin on your contractor/pro customers through the use of better …
Read More »Know Your Numbers: See How Your Business Compares With the 2026 Cost of Doing Business Study
For over 100 years, the North American Hardware and Paint Association’s 2026 Cost of Doing Business Study has provided detailed financial information from hardware stores, home centers, lumber and building materials (LBM) outlets and paint and decorating outlets in the …
Read More »Drips to Dollars: How One Retailer Turns DIY Plumbing Into Retail Success
For independent hardware retailers, turning a modest plumbing section into a powerhouse category starts with meeting customers where their plumbing problems begin. According to a survey of 1,001 U.S. homeowners conducted by SupplyHouse, 93% of homeowners delay plumbing or HVAC …
Read More »From Seal Team to small Business: How Navy Veteran Sam Mackey Found a New Calling in Independent Retail
For 20 years, Sam Mackey served in the U.S. military, working his way through the ranks in the U.S. Navy to become a Navy SEAL. Inspired to join after watching the movie “Navy SEALs,” Mackey enlisted in January 2004 and …
Read More »4 Ways to Win in Electrical, Plumbing and HVAC
Provided by the Home Improvement Research Institute Research from The Home Improvement Research Institute (HIRI) suggests independent retailers can compete in electrical, plumbing and HVAC by understanding when customers choose suppliers, who purchases materials and how plumbing purchases differ. These …
Read More »Knock on Wood: Wood Framing Dominates New Home Construction
Sponsored by Quikrete Homebuilding construction methods continue to evolve, influenced by regional requirements, material availability and market demand. Based on an analysis of 2025 Census Bureau data by the National Association of Home Builders (NAHB), wood framing remains the dominant …
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