More family business news.
SIOUX FALLS, S.D. – At the 32nd Annual Family Business Conference, held April 17 and 18, the Prairie Family Business Association (PFBA) presented the following awards to three family businesses from the Upper Midwest: The […]
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The success of a generational transition is not, as one might expect, an outcome of meticulous succession planning. Decades of research have shown that there are three key elements to a successful succession. “Most businesses […]
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There’s likely not a better way to sample family business than this. The third annual Taste of Family Business is open to the public this year, allowing the event to grow beyond attendees at the […]
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For three generations, the Hollenbeck family has raised cattle on a ranch in Corson County. But when it came time to consider the next generation, decisions kept being put on hold. “Probably 10 years ago, […]
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If it hasn’t happened in your family business yet, someone eventually is bound to play the role of Fredo. The fictional member of the Corleone family in “The Godfather” is seen as the weakest of […]
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Willie Robertson, the dynamic and affable CEO of Duck Commander, is not just a television personality — he’s a living success story. From humble beginnings in the Louisiana bayou to becoming a household name through […]
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“It’s hard to read the label on your own bottle.” If you and your family business can relate to that thought from a fellow CEO, a workshop coming up will help you gain an enhanced […]
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For family and ag businesses, communication, adversity and conflict can be inherent struggles – but also manageable ones. Siblings Megan Hammond, Jackson Hegerfeld and Amanda Lauer have lived it both in their own family businesses […]
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The 2023 winner of the Boyd Hopkins Sr. Excellence in Family Business Award is the Roddel family of Auto Body Specialties. For 20 years, the Prairie Family Business Association—an outreach center of the Beacom School […]
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Callie Tuschen knows what life is like as a family business owner. Tuschen, co-owner of a local business in Hartford, grew up on a cattle ranch in northwestern South Dakota. She went to school in […]
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More families are finding the resources they need to evolve and thrive by connecting with the growing Prairie Family Business Association. This year has seen strong growth in the association’s membership, programs and resources — […]
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How does a Texas-based family business connect with resources available in South Dakota as it transitions to a new generation? It’s all about relationships. SYOXSA is a leading distributor of industrial, medical and specialty gases, […]
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Edward Shorma was a serial entrepreneur before the term had taken off. A North Dakota farm boy and son of immigrant parents, Shorma was a shoe cobbler, and “as he had children, he had to […]
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Making genuine connections, enhancing the member experience and building partnerships are among the goals for the newest member of the Prairie Family Business Association team. Mason Van Essen recently became the organization’s business development manager. […]
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If your business has to ship it, their business likely can box it. Watertown Box is an independent sheet plant based in Watertown, South Dakota, that creates packaging solutions for the manufacturing, service and retail […]
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Steve Hohn is the second-generation leader of a family business that has grown and thrived for decades, but he was nervous walking into a room filled with outside expertise. “There’s bankers, wealth management people, tax […]
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Farmers serving other farmers has been a guiding principle for a Huron family now looking toward its second generation. The roots for Bauman Agency are deeper than that though, beginning with Curt Bauman’s grandparents, who […]
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How does a 135-year-old business put a fresh twist on its brand? Ask those five generations away from its founding. That was the approach embraced by Schlachter Lumber, a Gettysburg-based family building materials businesses marking […]
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How does a next-generation family business owner market a fine jewelry store? She makes an NIL, or name, image and likeness, deal that turns out to be a big win-win. Samantha Tupper of Wink’s Fine […]
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Add up all the storage units owned by Five Star Storage and they easily would equal the size of a small town. At last count, “we are just shy of 11,500 units and 2 million […]
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