More family business news.
Thoughtful support for family-owned businesses doesn’t have to be seasonal. South Dakota has more family businesses per capita than almost any state in the nation — meaning there are plenty of opportunities to support family-owned […]
There are many metrics for success in family business, but here’s a big one: South Dakota ranks No. 2 in the nation for percentage of family businesses. Almost 36 percent of all businesses in the […]
Focusing on large commercial and industrial electrical projects, Muth Electric has evolved from a two-employee company in 1970 to employ a team of 700 across 10 locations in South Dakota and Omaha, Nebraska. Four generations of […]
The curtain will rise this month on the latest chapter in a family business success story that’s as impressive as it is entertaining. It begins at a 140-year-old family farm in northwest Iowa, outside Le […]
As anyone who works in agriculture knows, the industry can be unpredictable, and adaptability is key. The same holds true for businesses that support an agriculture customer base, which is why strategic evolution has allowed […]
Family businesses often put off tackling the topic of valuation. Then, a crisis occurs: a death in the family, a relative’s firing or a disagreement that leads to litigation. Trying to establish the value of […]
Most family businesses are just beginning to learn what artificial intelligence can do for them – or they’re hesitant to even get started. “We’ve found through surveys that most family businesses aren’t yet adopting AI […]
Family business leader T.J. Russell acknowledges that he heard the message loud and clear – but didn’t want to listen to it at first. “Let’s be honest. Family businesses don’t like bosses,” said Russell, fourth-generation […]
What began as a single sidewalk installation grew into a family business helping shape the landscape of South Dakota’s capital city and beyond. Mark and Glennis Zarecky returned to their hometown in the early 1980s […]
No family should be dealing with conflict and grief at the same time – but it happens far too often, especially in family business. Promises are made, but contracts aren’t created. Facts are assumed, but […]
A 50-year career in banking leadership wraps up this week for Dave Johnson – but thanks to intentional planning, his family and his business are ready for it. “In my opinion, managing succession – or […]
From how family businesses are structuring their transitions to what to know about having tough conversations, you’ll get an unfiltered look from families in the latest season of “Family Business Connection.” This podcast, produced by […]
The Family Business Connection is an annual publication comprised of the most popular family business stories from PFBA. Along with family business stories, you will find interesting family business facts and Prairie Family Business Association program […]
At first, Amanda Neppl wasn’t so sure about joining a group of family business peers. A second-generation member of Patzer Woodworking, she decided to try anyway and became part of an Affinity Peer Group about […]
In 10 minutes, Chris Lidel received almost instant insight into his family business. As he and his brother, Todd, compared their answers to an online family business checkup, “we could see the discrepancies and have […]
A third-generation powerhouse in the energy industry, Stern Co. has grown from a small family business into a leading fueling distribution and consultation partner. Founded as an oil supplier in 1976, Stern has grown into a company of […]
Three family businesses were honored this week for their success across multiple generations. More than 500 people attended the 33rd annual Family Business Conference from the Prairie Business Association, where the following awards were presented: […]
From iconic brands to emerging chefs, family businesses represent them all — and will give a sampling of their work at an upcoming event. Taste of Family Business has become a popular element of the […]
From the time Nick Jorgensen’s great-grandfather claimed a homestead in Tripp County, there was a commitment to ensuring the family’s ag operation endured. “It was always part of the ethos of the family to make […]
A tech trend forecaster and futurist will lend an inside look this spring into the opportunities AI presents for family businesses. Sean Watson serves as senior vice president of special projects at Trend Hunter, a […]