It takes hard work, persistence, and determination for a family business to succeed. Owners have the unique challenge of overlapping family and business systems, resulting in dynamics unlike any other type of organization. Prairie Family Business Association, the center for family business education in the Midwest, exists to help family business succeed for generations through quality education and networking.
Director's column: Get on board with creating a board Have you thought about creating an advisory board [...]
Next generation takes over leadership at J&L Harley-Davidson For Jimmy Entenman, life in a family business began [...]
Fourth-generation business leader emphasizes ‘planning to succeed’ Starting with lone founder Harry A. Thompson four generations ago, [...]
PFBA’s major impact on us has been to provide structure and resources that made it possible for us to add Family Business planning to our busy schedules. The webinars and reading suggestions have been enormously helpful to us and we’ve made huge strides.
It was good for us to review the history of our business together and put in writing what exactly had allowed us to be successful. It was a helpful exercise to specify our business’s goals and values.
The NextGen program could not have come at a better time. I took away invaluable information and real-life situations that I brought to my family and management team to prepare for our future.