Earl Brockelsby was a born showman. At 19, he worked as a tour guide at a Black Hills attraction called Hidden City. The owner of that now-closed tourist destination claimed the unique geological formation was actually an ancient civilization. It wasn’t, but Brockelsby spun the narrative for the summer of 1935 anyway. Wearing a big […]
After 80 years, Reptile Gardens keeps growing Read More »
Few people – if any — probably wanted Mike Abrashoff’s job. When the U.S. Navy commanding officer took over the USS Benfold, the ship’s performance ranked it near the bottom of the Pacific fleet. He was 36 – the youngest commander in the fleet – and leading a ship plagued with low morale, high turnover
Q&A with Annual Conference Keynote Speaker, Mike Abrashoff Read More »
The locals call it Cajun ketchup. To the rest of us, it’s Tabasco sauce – the most well-known pepper sauce in the world. Next year, the brand will turn 150 years old. But every day, CEO Tony Simmons literally starts from scratch. Simmons arrives at the Tabasco blending area at 9 a.m. “and they will
An Inside Look into 25th Annual Conference Success Story: TABASCO & the McIlhenny Family Read More »
Howdy Holmes runs a company with an estimated 65 percent market share in his category. The Wall Street Journal calls his brand “retro hip.” He opposes offering coupons or advertising for his products. And he says his family business is stronger for not being afraid to talk about the tough stuff. Holmes, CEO of Michigan-based
Jiffy Mix CEO: ‘Retro hip’ business was built on reputation Read More »
Keeping the “family” in the family business is all about governance. Providing clear policies and procedures helps clarify roles, define responsibilities and keep family members engaged. While it can be complex, family governance also is critical to helping business avoid pitfalls and thrive in future generations. On March 30, the Prairie Family Business Association is
Global Expert Shares Advice For Family Businesses Read More »
VERMILLION, S.D. – Prairie Family Business Association, an outreach of the Beacom School of Business at the University of South Dakota, will host the 25th annual family business conference March 30-31, 2017, in Sioux Falls, South Dakota, at the Hilton Garden Inn Downtown. Several hundred family business owners from across the region are expected to
Prairie Family Business Association Hosts 25th Annual Family Business Conference Read More »
By Kent Rhodes, Ed.U. and Kristi Daeda Carl is a robust, energetic man in his early 70s with a booming voice and raucous laugh. For the last 40 years, he’s led the company that his father founded through steady organic expansion, reaching into new regions, building new facilities, and growing the family’s brand. Carl and
Unsticking Succession: Common Obstacles and a Path Forward Read More »
Sioux Falls, South Dakota – December 13, 2016. Prairie Family Business Association, an outreach center of the Beacom School of Business at the University of South Dakota, hosted the second annual Edward Shorma Excellence in Family Business Award and Legacy Tour in Moorhead, Minnesota, on Dec. 8. Lillestol Research and the Lillestol Family provided a
Prairie Family Business Association, an outreach center of the Beacom School of Business, will host the Edward Shorma Excellence in Family Business Award and Legacy Tour in Moorhead, Minnesota on Dec. 8. The legacy tour will begin at 4:30 p.m. at Lillestol Research where the Lillestol Family will provide a tour of their facility and
Prairie Family Business Association Hosts Legacy Tour, Award Presentation Read More »
As we work with our clients on year-end tax planning we are continually asked when is the best time to make a charitable contribution. This year, with President-elect Trump’s proposed tax reform there is an argument for accelerating charitable contributions in 2016. However, it depends on each individual’s tax situation. First, some background. The tax
Charitable Giving: Now or Next Year? Read More »