Kristen Jensen

When Margaret Price was 6 years old, she stood in front of her grade school class and exclaimed that she’d like to be the boss of Ridgefield Supply, the company run by her father, Louis Price. “My father always made it a point for me to go off and do my own thing,” Price recalls. “Which I did. But I realized very quickly that I had no desire to work for a large corporation.”

Price ended up working side-by-side with her father for 12 years. When he took ill in 2011, she acquired the company. But she didn’t just inherit the title. “Being a third-generation owner and a woman in the industry, there was a lot of proving myself,” says Price, who spent years working weekends and driving forklifts at the lumberyard. “You can’t be afraid to get dirty. I’m a big believer in paying your dues.”

Today, Price isn’t afraid to shuffle management or restructure her sales staff when she needs to. “There’s no sugarcoating in my organization,” she says. If her staff has a problem, they bring the facts to the table and talk about it. “Being brutally honest in meetings and roundtables allows you to change course or continue on something that’s doing well,” she says. “You can’t be afraid to have a dialogue.”

Looking forward, Price says that there’s plenty of room for transformation at Ridgefield Supply. Over the next year, she’ll oversee the company as it knocks down old buildings, adds a brand-new retail store, and builds a team of motivated new employees. And, as far as she’s concerned, there’s a ton of room for improvement even beyond that. “We have a lot of brain power, a lot of experience, a lot of knowledge,” she says. “Once people realize what we can bring to the table, they get pretty excited.”