Our new leader brings broad experience with businesses

2018-06-07T15:03:38+00:00 June 7, 2018|PFBA, Q&A|

Our new leader brings broad experience with businesses Laura Schoen Carbonneau is used to working with businesses of all ages and sizes. She has spent the past 12 years leading the Pierre Area Chamber of Commerce and began her newest role as the executive director of the Prairie Family Business Association this week. We caught up [...]

Building together: Muth, Lloyd share in family business success

2018-05-18T16:37:15+00:00 May 18, 2018|Awards, PFBA, Success Stories|

Building together: Muth, Lloyd share in family business success Doing business in the early 1980s wasn’t easy. Trying to grow a business was even harder. But those trying times bred a business relationship and friendship between Dick Muth, Craig Lloyd and their respective businesses and families that endures. “From ’80 to ’85, his business was [...]

Family alarm business grows into national leader

2018-05-10T11:41:18+00:00 May 10, 2018|PFBA, Success Stories|

Family alarm business grows into national leader A business started decades ago by three Sioux Falls police officers selling alarm systems has grown into a national leader helping keep homes and businesses safe. Back when Midwest Alarm Co. was founded in 1967, basic residential alarm systems were run off landline telephones that caused a light [...]

Prairie Family Business Association Welcomes New Executive Director

2018-05-03T09:45:22+00:00 May 2, 2018|PFBA|

Prairie Family Business Association Welcomes New Executive Director VERMILLION, S.D. – The Prairie Family Business Association (PFBA), a University of South Dakota Beacom School of Business outreach program that serves family businesses in the Midwest, has hired Laura Schoen Carbonneau as its new executive director, starting June 4. "We are extremely honored to have Laura [...]

Approaching 100 years, Johnson Feed looks to future

2018-04-19T12:04:09+00:00 April 19, 2018|PFBA, Q&A|

Approaching 100 years, Johnson Feed looks to future  Johnson Feed Inc. knows how to adjust with the times. The business began 98 years ago in Fairview as a dray service delivering coal and other supplies to farmers and townspeople by horse and wagon. It expanded into Johnson Hatchery in the 1940s, selling and delivering commercial [...]

Culver’s co-founder shares family business success story

2018-03-20T15:05:47+00:00 March 20, 2018|PFBA, Success Stories|

Culver’s co-founder shares family business success story Craig Culver thought he’d found an ideal recipe for a successful restaurant. Start with the vanilla frozen custard he’d loved from a neighborhood stand as a kid. Add “ButterBurgers,” a concept a friend shared while they were discussing childhood ice cream spots. "Frozen custard and ButterBurgers. Can’t go [...]

Shipshape or shipwreck – How would you rate your business?

2018-03-07T09:47:45+00:00 March 7, 2018|PFBA, Q&A|

Shipshape or shipwreck – How would you rate your business? The USS Benfold’s performance ranked it near the bottom of the Navy’s fleet when Capt. Mike Abrashoff became its leader. As part of changing the culture, Abrashoff would ask his crew: “What would you do? It’s your ship.” “I found that the more control I [...]

Hayzlett builds multifaceted business with help from second generation

2018-02-22T17:54:07+00:00 February 22, 2018|PFBA, Success Stories|

Hayzlett builds multifaceted business with help from second generation It likely didn’t come as a surprise to anyone who knew him that Jeffrey Hayzlett issued a news release back in 1986 when his daughter, Lindsey, was born. “We don’t expect to get much work out of her in the first 18 years,” he remembers writing [...]

Consultant offers ‘no-BS family business planning’

2018-02-13T10:34:16+00:00 February 13, 2018|PFBA, Q&A|

Consultant offers ‘no-BS family business planning’ “Our family business crisis and how it made us stronger.” “The top nine reasons family businesses fail – and the eight building blocks for creating a sustainable closely held business.” “You don’t have to die to win – success and succession for family business.” If these sound like themes [...]