Consultant offers ‘no-BS family business planning’

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 [...]

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

New ownership takes over at Sioux Corp.

New ownership takes over at Sioux Corp.  For almost two decades while driving to the airport before returning home to California or Nevada after Christmas, Jack Finger would broach a tough topic: working at his family’s business, Sioux Corp. in Beresford. It never worked out. “After receiving a mechanical engineering degree in 1974 from SDSU, [...]

2018-01-15T15:06:30+00:00 January 15, 2018|PFBA, Success Stories|

Mills Property Management entering third generation

Mills Property Management entering third generation Mary Jo Minor’s business revolves around people, from tending to residents’ needs to overseeing property for owners and working with her own family. Based in Brookings, Mills Property Management was born out of her father’s construction and development companies founded in 1949. Mills Property Management became its own entity [...]

2018-01-10T14:03:08+00:00 January 10, 2018|PFBA, Q&A|

Inside the modern L.G. Everist Inc.: Fifth-generation business moves into new downtown headquarters

Inside the modern L.G. Everist Inc.: Fifth-generation business moves into new downtown headquarters When L.G. Everist Inc. became the first business to move into the downtown Sioux Falls Washington Square development this week, it marked the latest in a series of pioneering moves for the more than 140-year-old family business. It was founded in 1876 [...]

2017-12-21T12:08:00+00:00 December 21, 2017|Member News, PFBA|

Building the ButterBurger brand: How Culver’s took root in Sioux Falls

Building the ButterBurger brand: How Culver’s took root in Sioux Falls In the early days of his restaurant career, a slow lunch crowd meant it was time to hit the road. Nick Magera would leave his Culver’s at 2509 S. Louise Ave. about 2 p.m. with to-go menus and coupons for free food, and start [...]

2017-12-07T12:51:50+00:00 December 7, 2017|PFBA, Success Stories|

Sinclair Family of Montgomery’s Receives Boyd Hopkins, Sr. Excellence in Family Business Award

Sioux Falls, South Dakota – December 7, 2017 Prairie Family Business Association, an outreach center of the Beacom School of Business at the University of South Dakota, presented the Boyd Hopkins, Sr. Excellence in Family Business Award and Legacy Tour in Sioux Falls on November 30 to the Sinclair Family of Montgomery’s Furniture. This award [...]

2017-12-19T15:59:41+00:00 December 7, 2017|Awards|

Father, son build on legacy in plumbing, heating business

Father, son build on legacy in plumbing, heating business Through more than 70 years and multiple generations, Redlinger Bros. Plumbing & Heating Co. has navigated through both family and industry transitions. In post-World War II Watertown, brothers Clark and Howard Redlinger reopened the family plumbing and heating business originally started by their father, Orson. [...]

2017-12-01T12:47:19+00:00 December 1, 2017|PFBA, Q&A|

Strategies for handling conflict especially key in family businesses

Strategies for handling conflict especially key in family businesses There’s likely no such thing as a workplace without conflict. That can be especially true in family businesses. But there are strategies for how to identify, prevent and resolve it. Gayle Ver Hey, founder of Volt Strategy, will co-present with Reid Holsen, a Human Resources Manager/Labor Relations, a Lunch [...]

2017-11-20T12:44:31+00:00 November 8, 2017|Q&A|

FAMILY BUSINESS: How to succeed at succession

By Stephanie Larscheid -- SIOUX FALLS, S.D. – What makes a family business successful through generations and decades? It all boils down to communication. Those who talk about and plan for the future of their family business tend to be more likely to make a successful transition from one generation to the next. It’s not easy. But, if [...]

2017-11-14T11:57:09+00:00 November 2, 2017|PFBA|

Montgomery’s approaches 130 years with eye toward sixth-generation leadership

Montgomery’s approaches 130 years with eye toward sixth-generation leadership Alexandria was where the train line ended in Dakota Territory and a business began in 1888. The passenger, George H. Montgomery, had gotten on board in his native Wisconsin and gotten off when he could go no farther. A woodworker, he used his skills to start [...]

2017-11-14T11:57:20+00:00 October 24, 2017|Awards, Member News, Success Stories|