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Posted in: Member News, PFBA, Q&A
Creating a plan to transition family business leadership is one thing – executing it is another. What does retirement really look like? Should you use a board of directors? And how should it be structured? …
The end of the year is a great time for taking stock of your business and looking toward the future – especially if you’re a family business. That often takes the form of a family …
Family business meetings: What to do, what to avoid Read More »
Posted in: PFBA
Posted in: PFBA
Put simply, the hotel business sells the commodity of time. Nights in a room. Event days. Weeklong stays. “We can’t sell lost time,” said Paul Hegg, CEO of Sioux Falls-based Hegg Cos. “In our business, …
Family hotel company: ‘We’re just trying to be creative in any way’ Read More »
Posted in: PFBA
Sioux Falls, South Dakota – November 30, 2020. The Mitchell Area Family Business of the Year Award was presented by the Prairie Family Business Association to the Paulson Family of Paulson Air in recognition of …
Posted in: PFBA
We’ve all had our challenges in 2020, but few industries have had to adjust as much as the restaurant business. Across South Dakota, family-owned and -operated dining establishments are centers of community – and they …
Five ways you can support local dining this holiday season Read More »
Posted in: PFBA
At one point, no day seemed predictable. They were laying off people. They were busier than they could handle. They didn’t have enough work to go around. They had so much work they ran 24 …
Next generation at family manufacturer learns on the job during disruptive year Read More »
Posted in: PFBA, Success Stories
At 73, Van Fishback has been around his family’s bank since he was a teenager. He began full time in 1972 and now serves as board chair of Fishback Financial Corp., the holding company of …
Fourth-generation bank embraces flexibility, family’s values during pandemic Read More »
Posted in: PFBA
Prairie Family Business Association announces two additions to its advisory board. Tiffany Anderson, fourth generation family member of A-OX Welding Supply based in Sioux Falls, South Dakota, has joined the Prairie Family Business Association advisory …
PFBA Announces Advisory Board Additions Read More »
The oldest family-owned business in Watertown has a history of overcoming challenging times. Since 1911, appliance company Dugan Sales & Service has navigated two world wars, the Spanish flu pandemic, the Great Depression, the Great …
Family-owned appliance retailer enters next generation during historic year Read More »
Posted in: Awards
Kjelden Family of Sterling Technology Receives Brookings Area Excellence in Family Business Award presented by Prairie Family Business Association Sioux Falls, South Dakota – October 2, 2020 – The annual Brookings Area Excellence in Family …
Posted in: PFBA
Top 10 Takeaways of the 28th Annual Family Business Conference. 1. Begin early and talk often about succession planning. The process never stops. It’s continual and intentional. You don’t know what you don’t know! Take …
The Top 10 Takeaways from the 2020 Family Business Conference Read More »
Posted in: PFBA
If any year called for resiliency, this is it. But that’s been the theme of the last several years for Dickinson, N.D., which has navigated the boom of an oil-driven economy and has banded together …
SIOUX FALLS, S.D. – September 22, 2020 – Prairie Family Business Association hosted their 28th Annual Family Business Conference both in-person at the Hilton Garden Inn Downtown Sioux Falls and virtually for attendees from 19 …
Regional Families Celebrated at 2020 Family Business Conference Read More »
Posted in: PFBA
September 8, 2020 – SIOUX FALLS, SD – Prairie Family Business Association (PFBA), the premier resource for family businesses to grow, engage, transition, and prosper, is excited to announce its partnership with EOS Worldwide (the …