Fargo Family Receives Regional Family Business Award

2017-11-14T11:57:36+00:00 October 19, 2017|PFBA|

October 12, 2017 - Fargo, North Dakota The Lillestol Family of Lillestol Research was presented the 2017 Edward Shorma Excellence in Family Business Award in Moorhead, Minnesota, on October 12.  Lillestol Research was founded in 2004 by Michael & Mary Lillestol. They have grown the business from a start-up operation to now employing 25 people. [...]

Fourth-generation auto dealership owners plan more growth

2017-11-14T11:58:00+00:00 October 4, 2017|Awards, PFBA, Success Stories|

Fourth-generation auto dealership owners plan more growth Ernest Patnoe’s motto in the 1930s was “We smile when you come, you smile when you leave.” Three generations of the Patnoe family Almost nine decades later, the family-owners of Liberty Superstores are still smiling, with a business that recently doubled in size and a long-tenured group of [...]

Innovative auto mechanic ends up building international business

2017-11-14T11:58:11+00:00 July 28, 2017|Member News, PFBA, Success Stories|

Innovative auto mechanic ends up building international business It’s a classic entrepreneurial story: Identify a problem, create a solution, build a business. Dillon Moffatt Dillon Moffatt wasn’t thinking about founding a company back in 1954. The self-taught auto mechanic from Minnesota was just trying to see better under the hood of a car. [...]

Business blooms as Medary Acres Greenhouses enters third generation

2017-11-14T11:58:22+00:00 June 30, 2017|Member News, PFBA, Success Stories|

Business blooms as Medary Acres Greenhouses enters third generation   Brian Darnall had a decision to make. His wife, Lynn, had told him: “You can be either a rural mail carrier or a greenhouse guy, but it’s one or the other,” he said. “She said, ‘If you really concentrate on that greenhouse, I think you’ll be [...]

Director’s column: Get on board with creating a board

2017-11-14T11:47:32+00:00 June 5, 2017|PFBA|

Director's column: Get on board with creating a board Have you thought about creating an advisory board or board of directors for your family business? Is that as far as you have gotten? Thinking about taking action? Let me provide you with a few reasons why you might want to consider taking action and creating [...]

25th Annual Family Business Conference Honors Reptile Gardens and H.A. Thompson & Sons

2017-05-19T16:34:16+00:00 April 10, 2017|PFBA|

One week ago, the 25th Annual Prairie Family Business Conference hosted their two-day event at the Hilton Garden Inn Downtown Sioux Falls. This annual conference is the number one educational and networking event in the region for family businesses and with over 320 attendees participating in the event; this year boasted the largest-ever annual conference [...]

There’s still time to register for Annual Conference!

2017-05-19T16:34:16+00:00 February 28, 2017|PFBA|

There are over 250 people registered for the 25th Anniversary Conference, which will be record attendance. Register by March 1 to have your name published in the list of attendees in the conference program. Not sure if you are registered? Email us at fba@usd.edu or call 605-274-9530.

Unsticking Succession: Common Obstacles and a Path Forward

2017-05-19T16:34:17+00:00 December 30, 2016|PFBA|

By Kent Rhodes, Ed.U. and Kristi Daeda Carl is a robust, energetic man in his early 70s with a booming voice and raucous laugh. For the last 40 years, he’s led the company that his father founded through steady organic expansion, reaching into new regions, building new facilities, and growing the family’s brand. Carl and [...]