Farmers serving other farmers has been a guiding principle for a Huron family now looking toward its second generation. The roots for Bauman Agency are deeper than that though, beginning with Curt Bauman’s grandparents, who were farmers near Hitchcock. When Curt married Louise, they also farmed in east-central South Dakota. When a neighbor who represented […]
Longtime agribusiness leaders look to next generation Read More »
How does a 135-year-old business put a fresh twist on its brand? Ask those five generations away from its founding. That was the approach embraced by Schlachter Lumber, a Gettysburg-based family building materials businesses marking the milestone anniversary this year. “We’d been around 135 years, and I wanted to do something, but I didn’t know
Fourth-generation building materials business marks big anniversary with fresh approach Read More »
How does a next-generation family business owner market a fine jewelry store? She makes an NIL, or name, image and likeness, deal that turns out to be a big win-win. Samantha Tupper of Wink’s Fine Jewelry in Brookings admittedly was “a little skeptical” when an agent reached out on behalf of SDSU football tight end
Granddaughter buys jewelry store from grandfather, brands it for the future Read More »
Add up all the storage units owned by Five Star Storage and they easily would equal the size of a small town. At last count, “we are just shy of 11,500 units and 2 million square feet of total space,” CEO Ben Hendricks said. “The last 24 months have brought tremendous growth for us, and
Third-generation family business scales up going all-in on self-storage industry Read More »
July 17, 2023 This paid piece is sponsored by Prairie Family Business Association. How much does Bill Shorma believe in using a board of directors? “We’ve had five companies, and every one of them has had a different board,” said Shorma, a longtime family business leader who’s now founder and CEO of Rush-Co, a diversified
Family businesses: Board Bootcamp will help optimize board of directors Read More »
It can be as simple as light housekeeping or as high-tech as operating a ventilator. It can involve an hour of help, 24/7 care in a home or accompanying someone out of state to a family wedding. In more than 30 years, the Millman family has met whatever needs their clients presented, offering a broad
Family-owned health services business looks to second generation Read More »
“If you had to pick a date for retirement, what would it be?” It’s direct. It’s critical to the family business. But it’s also a tough question for a son to ask his father. “I wanted to talk about it, but none of us knew how to get it started,” said Dave Moffatt, second-generation leader
Tackling tough topics at work? Learn the art of challenging conversations Read More »
The team at Thompson Law has learned in an intensely personal way over the last few years the value of planning for the future. The Sioux Falls estate and business planning firm lost its founder, Carolyn Thompson, in 2019. Thompson founded the firm 20 years ago, with a vision of helping clients plan for and
Law firm marks 20 years helping businesses evolve for the future – including its own Read More »
Take three days away from working in the family business to work on the family business? That wasn’t easy for the Sioux Falls owners of Interim Health Care – but it proved invaluable. “There was talk of my mom and dad retiring at some point but no clear, set plan,” second-generation owner Abigail Woodford said.
At this retreat, life-changing conversations help family businesses address their future Read More »
A Sioux Falls family with a half-century history of business success has been named winners of the first Lifetime Achievement Award from the Prairie Family Business Association. For the first time in the organization’s 31-year history, the Lifetime Achievement Award was presented to Craig and Pat Lloyd, owners of Lloyd Cos. Second-generation owners include sisters
New Lifetime Achievement Award among honors presented to family businesses Read More »