More family business news.
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 – […]
South Dakota is home to a greater percentage of family businesses than any state in the nation. That’s according to a recent report from OnDeck, a global online small-business lending company. Using data from earlier […]
The newest member of the Prairie Family Business Association team is a small family business owner himself with a history of helping other entrepreneurs. Peter Hauck is the new assistant director for the organization, which […]
It’s an often overlooked role in a family business, despite the fact that spouses can play a significant role in the business’ success. At Iowa-based Weiler Products, that became clear in recent years as three […]
The Family Business Connection is a new annual publication that is a selection of our most popular recently published family business stories. Along with family business stories, you will find interesting family business facts and […]
To find a 28,000-square-foot shoe store in a community of about 22,000 people tells you this isn’t a typical shoe store. Actually, Trav’s Outfitter is the South Dakota Retailer of the Year, honored in 2022 […]
A sixth-generation owner of one of the nation’s oldest family businesses will help other families as they look to the future at an upcoming retreat. Kevin Hancock is the CEO of Hancock Lumber Co., a […]
Sioux Falls, South Dakota – June 7, 2022. Prairie Family Business Association, an outreach center of the Beacom School of Business at the University of South Dakota, awarded the Franklin G. Larson Excellence in Family […]
How do hundreds of USD students feel about joining a family business? De Vee Dkystra asked them. “Not very much research has been done on this topic, and we wanted to know how college-age students […]
If you’re not familiar with the business, your first guess likely is that Auto Body Specialties is a place to take your vehicle for body work. “It’s common for people to think we’re a body […]
Prairie Family Business Association hosted their 30th annual Family Business Hybrid Conference on April 28 and 29 both in-person at the Hilton Garden Inn Downtown Sioux Falls and virtually for attendees from 20 states and […]