Latest family business news.
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Prairie Family Business Association announces two additions to its 15-person advisory board. John Schwan is the founder, first-generation owner, and CEO of Schwan Financial Group, a financial, estate and business succession planning firm based in […]
Every other month, Don Raleigh III heads west from St. Paul to Sioux Falls to join a group of people who have become a priceless part of his work-life world. “I don’t even have the […]
The phone call from the corporate office came as a shock — and then a catalyst. Almost 25 years ago, Bob Pope received word that the strategic consulting office he worked for in North Dakota […]
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 […]
More than four in 10 businesses in South Dakota are family-owned, ranking the state No. 1 in the nation. That’s according to OnDeck, which recently released an annual family business survey that found 41.5 percent […]
Whether they’re working one-on-one with a client or addressing a roomful of family business owners, in many ways Jenny Dinnen and Katie Rucker feel like they’re talking to their former selves. That was the impetus […]
The word definitely is out: This is a can’t-miss conference for family businesses. “A successful conference is when a family leaves the conference and says, ‘We can do this; we can put in the work […]
Family businesses now can hear directly from other family businesses with the launch of a podcast. Produced by Prairie Family Business Association and hosted by executive director Stephanie Larscheid, the first three episodes of “Family […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
“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 […]
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 […]
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 […]
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 […]
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 — […]
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, […]