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Planning for the future proves priceless for family development company

December 6, 2022

It started with a question to the team: What would you be nervous about if the CEO/owner were no longer around? The answers gave Craig Lloyd the motivation needed to start thinking seriously about succession […]

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Transition resources help family-owned banks prepare for succession

December 2, 2022

Published on December 1, 2022 by Jacqueline Nasseff Hilgert at bankbeat.biz Within families that own banks, there can be a disconnect between parents who control the bank and children in line to take their place. Some parents struggle […]

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Family behind growing baked goods business works on recipe for multigenerational success

November 30, 2022

In between baking breads, buns, croissants and frying signature donuts, the owner of a premium bakery products provider realized he needed to find the recipe for something his own business needed: a board of directors. […]

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boyd hopkins sr award excellence in family business 2022

Elliott Family of A-OX Welding Supply Receives Boyd Hopkins Sr. Excellence in Family Business Award

November 28, 2022

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 Business Award in Sioux Falls on Nov. 15 […]

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Industry-leading tower business sets sights on supporting next generation

November 22, 2022

Craig Snyder calls his company a “laboratory of human development.” He says it everywhere from new-hire orientations to executive committee meetings and all-staff trainings. Including to his children. Snyder, CEO of VIKOR, has built a […]

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Next-gen family business members connect, learn at popular retreat

November 2, 2022

They came from 27 businesses across five states. And with 60 next-generation family business members, the group that spent two days in Deadwood recently marked the largest attendance at the Next Gen Retreat in the […]

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From high schoolers mowing lawns, brothers become multi-location family business owners

October 27, 2022

Cole Weller acknowledges this is “the all-American story” of entrepreneurship. He and younger brother, Brent, started Weller Brothers Landscaping while they were students at Brandon Valley High School in the early 2000s. “High school kids […]

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From southeast S.D., family grows business into sheep equipment industry leader

September 28, 2022

John and Doralee Lynch had decided to give it five years. “I told my wife, if we can’t make this go in five years, I guess I’ll have to do something different,” Lynch said. “I […]

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Lessons learned on multigenerational farm lead founder to form firm that supports family businesses

September 21, 2022

For Agatha Johnson, the roots of business ownership go deep – back to her great-grandfather Edward Kappenman, who immigrated from Germany and purchased farmland in north-central South Dakota in 1919. Edward’s son, George, took over […]

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First Dakota National Bank marks 150th anniversary with family focused on its future

August 22, 2022

Aug. 22, 2022 This paid piece is sponsored by the Prairie Family Business Association. Less than one-half of 1 percent of businesses reach their century anniversary. Even fewer can claim 150 years in business – […]

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