Matthew Mazzone grew up stocking shelves and sweeping the floor at Mazzone Hardware in Brooklyn, a red brick storefront on a corner lot on Court Street. Originally opened in 1950 by his grandfather, a painter, it was passed down to his father. When Mazzone came home from college at 20 and showed an interest in the business, his father offered it to him.
By then, Mazzone knew that he wasn't suited for a corporate life, and with the family store, he could be his own boss.
But there's being your own boss, and then there's being the boss of a successful business. And within a few years, Mazzone realized if he was going to make a career out of the business, he needed to make some changes.
The biggest problem was their supplier, True Value. The company fell into disarray in the early 2000s-after a revelation about years of unnoticed accounting errors by its wholesale buying co-op-and at critical moments, like Superstorm Sandy, Mazzone struggled to get inventory. He agonized over what to do. He felt loyal to True Value, but the relationship wasn't working. When he decided to leave True Value, he weighed his options. He could partner with a wholesaler, or join a co-op. Or he could convert the store into an Ace Hardware-but he assumed that would mean losing his independence, and having to operate someone else's way.
This story is from the September - October 2023 edition of Entrepreneur US.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September - October 2023 edition of Entrepreneur US.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\" Instead, what I found was a tarot card deck.
10 HOTTEST TRENDS for 2025
Want to buy a brand that buzzes? Here's what to know.
BUILD YOUR MONEY MACHINE
A franchise isn't just a franchise. It should be a Money Machine, creating profit even while you're out of the office. Here's how.
The Top Franchises for Veterans
Are you a military vet looking to become a franchisee, or just want to support a brand that supports the troops? Check out these 150 brands.
20 LEADERS WHO ARE DEFINING ENTREPRENEURSHIP TODAY
In a year of disruption, we wanted to know: Whose work will define the years to come? We reviewed hundreds of names and picked 20 leaders across a range of industries and sizes. Meet them on the following pages, and see what it takes to thrive in 2025 and beyond.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humilityand it changed the way I relate to clients.
I've Been a Publicist for 17 Years.Don't Hire Me.
Entrepreneurs often think they need PR. Most don't. Here's why you're probably better off not hiring someone like me.
The CEO's Advice to the MVP
Kickstarter CEO Everette Taylor knows the formula for a successful launch. NBA champ Jaylen Brown recently launched a shoe and athleisure brand. They have a lot to teach each other.
