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 »
Tim Meagher is a self-described city boy. His wife, Megan, grew up visiting both sets of grandparents’ farms in northeast South Dakota on weekends. Now, their business, Vanguard Hospitality, the restaurant group they co-own with Ken Bashore and Michael Gjernes, is changing the way the restaurant industry and agriculture intersect in South Dakota. “I don’t
Get ‘taste’ of family business cuisine at upcoming event Read More »
The family business clearly was in Matt Nielsen’s blood early. “During the summer or school vacation, I would ask my dad if I could come to the office for the day,” he said. “We were located in the city of Chicago, so my dad would take me with him, and I’d go to the factory
Sweet spot: Global family vanilla business to share strategies behind its success Read More »