Rosemary McCoy

Family-owned appliance retailer enters next generation during historic year

PFBA, Q&A /

The oldest family-owned business in Watertown has a history of overcoming challenging times. Since 1911, appliance company Dugan Sales & Service has navigated two world wars, the Spanish flu pandemic, the Great Depression, the Great Recession and now COVID. For Jeremy and Erin McBurney, fourth-generation owners, 2020 will be especially memorable. It was their first […]

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Family business forum, Main Street Summit join forces around theme of building resilient communities

PFBA /

If any year called for resiliency, this is it. But that’s been the theme of the last several years for Dickinson, N.D., which has navigated the boom of an oil-driven economy and has banded together to grow its business base and community even as the market changed. Best practices in Dickinson combined with input from

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Virtual winery introduction at J. Lohr Vineyards, wine tasting to cap off upcoming business conference

PFBA, Q&A /

Attend a virtual winery introduction at the J. Lohr Vineyards & Wines, learn the family’s success story and even partake in a virtual wine tasting at the upcoming Prairie Family Business Association annual conference. Since 1974, Jerry Lohr and the Lohr family have been leaders in the California wine industry. Jerry Lohr was born and

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John Schwan

Family firm helps family businesses navigate transitions, planning

Member News, PFBA /

The Steffes family knew it was time to start working on transitioning ownership of its business, Steffes Corp., to the third generation. But the family had concerns: how to cash flow it, minimize tax and prepare the next generation. It all seemed complex. Then, the Steffes family connected with Schwan Financial Group, an Aberdeen-based second-generation

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This approach helps e-commerce company thrive during COVID – and it can work for you too

Member News, PFBA /

It’s a good time to be in the e-commerce business – but not exactly an easy time. “We didn’t think a global pandemic would be good for e-commerce, but it’s been fantastic for our business,” said Eric Weisser, senior vice president and majority owner of Weisser Distributing. From its warehouses in Tea, Sioux Falls and

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live case study meeting

Organization, accountability lead to results for businesses using this proven approach

PFBA /

City government holds many meetings – but they have never been run like this. For specific amounts of time, the city of Sioux Falls’ department heads first give updates on previously set goals. From there, the group of 12 plus Mayor Paul TenHaken takes an approach called “IDS” with any potential issues that arise –

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Mother-daughter team draws on ‘wealth of experience’ to help clients through uncertain times

PFBA, Q&A /

With nearly three decades of financial advising behind her, Mary J. Howard knows a lot about helping others navigate uncertainty and plan for the future. Her daughter, Megan, is now learning the same alongside her as their team has been working closely with clients to help them position themselves for success during and after the

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When cupcakes met COVID: How one family business pivoted to sweet success

PFBA, Success Stories /

Inspiration had struck, and Melissa Johnson was going with it. “As I’ve grown older, I can’t say I’ve necessarily grown wiser. I know there is a whole lot I don’t know,” she wrote in a Facebook post one recent Friday. “The only thing I know for sure is that an act of kindness, no matter

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jolly time popcorn

Business is ‘popping’ during the pandemic for fifth-generation popcorn company

PFBA, Success Stories /

As soon as people nationwide began staying home to prevent the spread of COVID-19, they began watching movies. And then, they started popping popcorn. That has been a bright spot amid the pandemic for JOLLY TIME Pop Corn, a century-old family business based in Sioux City. “It’s been unbelievable,” said Garrett Smith, president of American

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