Muth Electric builds on decades of success with plan for the future It was somewhere in Vietnam – likely while driving a U.S. Army truck or on guard duty – that Dick Muth made a life-changing decision. When he finished his Army service and returned home to Ethan, he resolved he would learn a trade […]
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Brothers Bryan and Keith Miller learned organizational leadership at a young age. Their father was the academic vice president — akin to the chief operations officer — of a small college in their Nebraska hometown, where he and his wife worked for 51 years. Every immediate family member, several aunts and uncles, as well as
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It’s a classic entrepreneurial story: Identify a problem, create a solution, build a business. Dillon Moffatt wasn’t thinking about founding a company back in 1954. The self-taught auto mechanic from Minnesota was just trying to see better under the hood of a car. So he built a flexible arm from stock components and attached it
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How does a more than 130-year-old family business transition to its first generation of nonfamily leadership? With a lot of careful planning and clear communication. The First National Bank in downtown Sioux Falls The First National Bank in Sioux Falls was founded in 1885 and is one of the oldest and largest independent banks in
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Business blooms as Medary Acres Greenhouses enters third generation Brian Darnall had a decision to make. His wife, Lynn, had told him: “You can be either a rural mail carrier or a greenhouse guy, but it’s one or the other,” he said. “She said, ‘If you really concentrate on that greenhouse, I think you’ll be
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Brother-sister business owners navigate second-generation leadership After starting more than 40 years ago in Bonesteel as a Redi-Mix plant, Divine Concrete Inc. has grown into a full-service concrete contractor in its second generation of family ownership. Son Andy Divine took over for his parents, John and Kathy, and welcomed sister Sara Nolan as a business
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Director’s column: Get on board with creating a board Have you thought about creating an advisory board or board of directors for your family business? Is that as far as you have gotten? Thinking about taking action? Let me provide you with a few reasons why you might want to consider taking action and creating
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Next generation takes over leadership at J&L Harley-Davidson For Jimmy Entenman, life in a family business began with his father’s reaction to his due date. Aug. 30. Not ideal. “That’s Sturgis,” is how the family remembers father Jim Entenman responding. Jimmy Entenman “He knew he had to work,” Jimmy said. “I was born during a
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Fourth-generation business leader emphasizes ‘planning to succeed’ Starting with lone founder Harry A. Thompson four generations ago, H.A. Thompson & Sons of Bismarck, N.D., has grown to 86 employees at five locations. The plumbing, heating, air conditioning and mechanical rehabilitation business was the recipient of this year’s Vicki Clarke Family Business of the Year Award
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Growing family steel business starts transition planning early It all started in the back of an industrial machine shop in a Sioux Falls industrial park. But 47 years later, P&M Steel has grown to a 7.5-acre full-service steel fabricator serving customers in a 100-mile radius. The family-owned business transitioned its leadership from founder Louis Profilet
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