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Posted in: PFBA, Success Stories
If you want to know what other CEOs will be doing in the years ahead, look at what Craig Larson is doing now. “He’s such a futuristic person; he thinks way ahead of the game, …
Family bank takes progressive approach to succession, governance Read More »
Posted in: PFBA
Is the time right to work on your transition and your next generation of ownership? Over the holidays, many families find themselves talking about the future. “When I retire.” “When you take over.” “You can …
Is the time right to work on your transition and your next generation of ownership? Read More »
A bank doesn’t reach 136 years old without learning to evolve, transition and plan for the future. So it’s probably not surprising that the Baker family of The First National Bank in Sioux Falls became …
They’ve been there, done that, and now are sharing their experiences. Three family businesses will share strategies and pitfalls around succession planning at an upcoming webinar through the Prairie Family Business Association. It will be …
3 family businesses to offer inside look at succession planning do’s and don’ts Read More »
Posted in: PFBA, Success Stories
The way Dave and Ryan Austad see it, the game of golf has stuck. “In 2020, everyone golfed because it was safe. After a dicey March, April and May, the sport just saw an explosion,” …
Sioux Falls, South Dakota – November 16, 2021. Prairie Family Business Association, an outreach center of the Beacom School of Business at the University of South Dakota, presented the Boyd Hopkins Sr. Excellence in Family …
This year has brought changes in tax laws, which are resulting in higher taxes in many instances. Estate planning and business succession attorney Andrew J. Knutson of Thompson Law and Adam Sweet, who leads Eide …
Plan now for tax time, 2022 Read More »
Posted in: PFBA, Success Stories
At an age when most people would be retiring, W. Fredrick and Ferne Edney became business owners. It was 1951, and Fredrick had spent a career bringing wind power to rural homes that previously didn’t …
Posted in: Awards, Member News
Sioux Falls, South Dakota – October 26, 2021. Prairie Family Business Association, an outreach center of the Beacom School of Business at the University of South Dakota, awarded the Edward Shorma Excellence in Family Business …
Posted in: PFBA, Success Stories
*Part three of a series of stories about Prairie Family Business Association founding members in celebration of our 30th anniversary. If you’re going to work in the water tower business, it helps to appreciate the …
Posted in: PFBA, Success Stories
Freeman, South Dakota – population approximately 1,500 – isn’t the sort of place you might expect to discover a growing oil company. “There were other people that said the same thing,” laughed Scott Stern, who …
Posted in: PFBA
More than half of U.S. gross domestic product and domestic employment is generated by family firms, according to Family Enterprise USA. Nearly eight in 10 new jobs come from family-owned businesses. More than one-third of …
Posted in: PFBA, Success Stories
The first one in the door every morning at BankStar’s Elkton branch is 96-year-old Jack Hegerfeld. “He comes in about 6:30 a.m., opens up the door and prepares the bank for the day,” said Jack’s …
Generations of entrepreneurs celebrate 95 years in family banking Read More »
*Part two of a series of stories about Prairie Family Business Association founding members in celebration of our 30th anniversary. Nelson & Nelson CPAS knows something about longevity. As the state’s oldest homegrown accounting firm, …
Three generations look inside South Dakota’s oldest homegrown accounting firm Read More »
Posted in: PFBA
Sioux Falls, South Dakota – August 12, 2021. Prairie Family Business Association’s Executive Director, Stephanie Larscheid, has been selected as one of the 4 under 40 award recipients. The Young Professionals Network of the Greater …