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Brother-sister business owners navigate second-generation leadership

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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Next generation takes over leadership at J&L Harley-Davidson

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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Thompson Family - Vicki Clarke Award

Fourth-generation business leader emphasizes ‘planning to succeed’

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

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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An Inside Look into 25th Annual Conference Success Story: TABASCO & the McIlhenny Family

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

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Global Expert Shares Advice For Family Businesses

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

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