John Menard Jr. is an American philanthropist and a billionaire. He is the founder as well as owner of Menard a midwestern chain of home improvement. John was the eldest of eight child's and therefore had pressure early on to be a successful role model for his siblings. His parents were both teachers as well as dairy farmers and instilled in him a sense of frugality. John has often credited his success to his upbringing and the tough environment that he grew up in. John began buying wood in bulk and later sold it to suppliers who were looking to buy wood on weekends as the stores were generally closed on the weekends, this earned John handsome profits and he continued to repeat this practice for the next decade. After continuous success and having excess funds John decided to open up his first hardware store by the name of Menard. Menard stores featured wide aisles, tile floors and easy to reach shelves.
Menard expanded and opened up more stores in neighboring states by using abandon retail stores to open cheap stores that were centrally located. Today, Menard is the largest home improvement retail store and its core remains the principles of providing goo quality materials at cheap price.
No comments:
Post a Comment