Rosemary McCoy

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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Event planner offers strategies to organizations forced to adjust

PFBA, Q&A /

The days of conventions, big corporate meetings, in-person fundraisers and social events might be on hold, but any true event planner knows how to pivot. That’s what Addie Graham-Kramer and her team at The Event Company have been doing since COVID-19 changed plans for their entire year. We caught up with her for strategies businesses

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Family businesses flex their creativity, capacity during COVID-19

PFBA /

After 132 years in business, you learn how to adapt. So when COVID-19 forced Montgomery’s to cancel its annual four-day auditorium sale in Madison, the furniture retailer figured out how to sell the merchandise anyway. Thanks to Facebook, the store started selling its minimally damaged and discontinued merchandise through a series of live sales. “That’s

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Is your family business trying to figure out the future? This one-on-one approach can get you there

PFBA, Q&A /

There’s probably never been a time of more uncertainty for business owners — and that can be especially acute if you’re a family business. The Prairie Family Business Association is stepping in to help one-on-one, offering facilitated family meetings virtually. They will be at 1 p.m. April 29 and last 60 to 90 minutes. “We

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