Lauren Miller is a 33-year old determined to help the Black community build a generational legacy.
She ran her millennial-focused travel and lifestyle brand, Can’t Stay Put, for years until her father, Dave Miller Sr., became terminally ill. That’s when she decided to pause “Can’t Stay Put” to focus on expanding Miller3 Consulting, Inc., formerly D.J. Miller & Associates, Inc., a business founded by her father in 1986.
Today, after a successful transition plan, Miller and her siblings own the company. She serves as Director of Business Development, and her brother Dave J. Miller serves as Chief Executive Officer.
Ms. Miller is on a mission to help Black families achieve generational legacy through proper succession planning.
I interviewed Miller on The Dreamers Podcast. She shared her best advice for anyone interested in successfully transitioning a business to the next generation.
Help your kids understand their origins and who they are as individuals
For Miller, a successful succession plan starts years before the transition happens. The first step is to help kids appreciate their heritage and giving them the space to figure out who they are.
“Nurture and teach your kids who they are and where they come from,” Miller said.
Miller shared a story about her Great-great-grandfather purchasing land in 1910, a piece of land still in their family today. Understanding that her ancestors cleared the land manually because they didn’t have access to a tractor gave Miller and her siblings a greater sense of pride.
Miller also noted the importance of raising your kids to be independent thinkers who gain experiences outside the family business.
”I always wanted to make sure that I was my own person, outside of who my parents were and what they had done. I had lived a lot of my life and had pursued a lot of my dreams and aspiration, and I still am,” said Miller.
Miller believes her independent life and professional experiences make her a better asset to the family business.