Whitney

Multigenerational auto business focuses on transition planning

Multigenerational auto business focuses on transition planning When Black Hills-area drivers think Ford and Lincoln brands, the name McKie immediately comes to mind. The family-owned dealership McKie Ford Lincoln has served Rapid City and the surrounding area since 1979. There are two generations and three family members working in the business, which recently won the […]

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Century-old paper-supply business shares advice for staying current

Cole Papers Inc. marks 100 years in business this year, and while its products have evolved with changing times, its ownership draws on a strong family-based foundation. President and CEO Chuck Perkins is married to Nancy, whose grandfather founded the business in 1918. He oversees a team of more than 160 people in three divisions:

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Record project, new storefronts cap big year for third-generation family business

When the Hard Rock Hotel & Casino opened this summer in the former Trump Taj Mahal, it represented more than a big resurgence for Atlantic City. The casino signage, feature walls and flooring inside the $500 million property also equal the largest project for Sioux Falls-based Creative Surfaces, a family business entering its third generation.

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From tacos to saunas, entrepreneurial family builds on business success

If history repeats itself – as appears likely – Penny Paclik’s latest business venture won’t stay small for long. “I don’t want to say I create empires, but I tend to grow whatever I have,” said Paclik, a career entrepreneur and self-described “developer of people.” “I think it could be huge.” At a time when

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agatha johnson

Are you a family business transitioning to a new generation? She’s an expert in it

Prairie Family Business Association expects to host the Next Gen Retreat in Fall 2022. Program topics will be geared toward: Next-generation family business leaders working in the business. Next-generation family business leaders not working in the business but who may have ownership now or in the future. Spouses of family business involved in leadership and/or

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Reliabank expanding in Sioux Falls as family business enters third generation

Reliabank expanding in Sioux Falls as family business enters third generation  It took David W. Johnson’s father, Walter, a little longer to become a business owner than he thought it might.   His eventual business, Farmers State Bank of Estelline, was established by Fred Beskow in 1920 with $25,000 cash. Originally located in South Shore,

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Next-generation family business leaders: This event is for you

Next-generation family business leaders: This event is for you Next-generation leaders in family businesses will find enormous value at a two-day event in September. Prairie Family Business Association will hold its annual Next Generation Retreat on Sept. 11 and 12 at the Buffalo Ridge Resort & Business Center. This event is geared for those who

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In two years, multigenerational Stensland Family Farms becoming household name

In two years, multigenerational Stensland Family Farms becoming household name Two years ago, you couldn’t find a dairy product with a Stensland Family Farms label on it. Today, there are gallons of milk, quarts of ice cream and blocks of cheese sold at major retailers and locally owned stores in 16 cities throughout southeast South

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