Every other month, Don Raleigh III heads west from St. Paul to Sioux Falls to join a group of people who have become a priceless part of his work-life world. “I don’t even have the words to communicate how connected I feel with my group,” Don said of his Affinity Peer Group organized through the […]
The phone call from the corporate office came as a shock — and then a catalyst. Almost 25 years ago, Bob Pope received word that the strategic consulting office he worked for in North Dakota would be shutting down in 30 days. “After the shock, we asked ourselves ‘What is the opportunity here?’” his wife,
More than four in 10 businesses in South Dakota are family-owned, ranking the state No. 1 in the nation. That’s according to OnDeck, which recently released an annual family business survey that found 41.5 percent of South Dakota businesses are family owned, more than 2 percentage points ahead of No. 2 Idaho. “The state and
S.D. leads nation in family businesses — these strategies can help that continue Read More »
Whether they’re working one-on-one with a client or addressing a roomful of family business owners, in many ways Jenny Dinnen and Katie Rucker feel like they’re talking to their former selves. That was the impetus behind forming Next Gen Collaborative, a coaching and consulting firm focused on empowering next-generation family business leaders to craft their
Sisters bring their family business experience in guiding next-generation leaders Read More »
The word definitely is out: This is a can’t-miss conference for family businesses. “A successful conference is when a family leaves the conference and says, ‘We can do this; we can put in the work and communication to make this business last through the next generation,’” said Stephanie Larscheid, executive director of Prairie Family Business
Sold-out conference provides big takeaways for family businesses Read More »
Family businesses now can hear directly from other family businesses with the launch of a podcast. Produced by Prairie Family Business Association and hosted by executive director Stephanie Larscheid, the first three episodes of “Family Business Connection” launched this week. Stephanie Larscheid, executive director of Prairie Family Business Association, and Kyle Bender, executive vice president
In their own words: Family businesses share stories through new podcast Read More »
The success of a generational transition is not, as one might expect, an outcome of meticulous succession planning. Decades of research have shown that there are three key elements to a successful succession. “Most businesses don’t fail because they can’t solve the business problems. They usually fail because of a lack of alignment on the
Research shows these 3 elements are key to successful family business transitions Read More »
There’s likely not a better way to sample family business than this. The third annual Taste of Family Business is open to the public this year, allowing the event to grow beyond attendees at the Prairie Family Business Association Annual Conference. “This is a meaningful gathering where our family business members are able to experience
Here’s your chance to have a ‘taste’ of family business Read More »
For three generations, the Hollenbeck family has raised cattle on a ranch in Corson County. But when it came time to consider the next generation, decisions kept being put on hold. “Probably 10 years ago, we talked with an attorney, and we knew we really should set something up because we want to be able
How farm, ranch families can help ensure multigenerational success, sustainability Read More »
If it hasn’t happened in your family business yet, someone eventually is bound to play the role of Fredo. The fictional member of the Corleone family in “The Godfather” is seen as the weakest of his brothers, an embarrassment to the family and a proverbial weak link. “I’ve seen Fredos in the best of families
Avoid ‘the Fredo effect’ in your family business with this expert insight Read More »