For families in business together,
Let us be your companion in Succession Planning.
Why do only about 30% of family businesses make it to the second generation?
A well-documented succession plan not only is crucial for the continuity and success of your business, it also helps to preserve your family's wealth, mitigates conflict and assumptions, helps to avoid forced sales or liquidation, and preserve relationships – among many other benefits.
At Prairie Family Business Association, we make it our mission to help your family business plan for the next generation so your business and your family can thrive before, throughout, and after the transition.
30%
Successfully transition to the second generation
12%
Reach the third generation
Only 3%
Survive to the fourth generation or beyond
FREE Guide to Navigating Succession Conversations with Confidence
Download our guide that serves as a catalyst to initiate contemplation on succession planning and paves the way for subsequent steps you may need to undertake.
Get Your Free Guide to Succession Conversations
Acknowledging the uniqueness of your family's situation is crucial, and this guide aims to be a supportive starting point rather than a definitive roadmap.
Succession Planning Download
Top Tips for Succession Planning
from PFBA Member Lloyd Companies
We are here to help your family business with
A membership at Prairie Family Business Association gives you access to family business programs and events throughout the year, so you can gain education on family business topics, learn best practices, network with other families in the same situation as you, and plan for the future of your business.
The premier educational and networking event in the region featuring national and local presenters. Offered both in-person in Sioux Falls, South Dakota and virtually.
Peer groups that meet regularly, allowing members to share experiences and learn from each other. The facilitated groups discuss and seek advice on confidential issues and opportunities.
The Board Bootcamp is a program intended for families who operate with a board, either fiduciary or advisory, and families who have interest in forming a board and wanting to learn more.
Receive a fresh look at your family business from a team of professional advisers. The Family Business Check-Up is a vital tool within the live case studies used to assess your family business needs and opportunities in your succession planning process.
Two days with a national consultant and small groups of other business-owning families. Learn the process that will enable the family business to grow, prosper and plan for the next generation.
One of the top benefits of membership. As a member, you will gain access to a network of families in business who have "been there, done that." Glean wisdom from business owners across the nation who have faced the same situations and issues as you are.
A unique program designed to help train and educate the next generation of leaders in your family business.
Interactive presentations from family business experts and family business success stories. Join our webinars from your own personal computer.
Why Join? Hear it from our members.
Why join pfba?
"The entire process of succession planning is what has helped us grow to where we are."
"I feel like we were holding ourselves back by not having this conversation about succession and growing our team and building things out. It’s scary to do, it’s an investment, but the more engaged team members you have in play, the more they wanted to build things. It left us thinking, ‘How did we not do this earlier?’”
– Christie Ernst, Lloyd Companies – Sioux Falls, SD
“There’s so much emotion that goes into the whole mix, dealing with your own family, and PFBA just has it figured out to help families get through that.”
“We all got a lot out of it. There were some tears, good quality time and some laughter. That was the moment for me to say, ‘This is really working, and we need to make this happen.’”
Abigail Woodford, Owner of Interim Health Care, 2nd Gen.
Benefits of PFBA Membership
Unlock Access to Valuable Family Business Succession Planning Resources Today!
- Member Newsletter
- Webinars (6 per year)
- Live Case Study
- Affinity Peer Group
- Retreats
- Conference
Platinum
- Member NewsletterIncluded
- Webinars (6 per year)Included
- Live Case StudyIncluded
- Affinity Peer Group3 included
- RetreatsMember Rate
- Conference4 included
All-Inclusive
- Member NewsletterIncluded
- Webinars (6 per year)Included
- Live Case StudyIncluded
- Affinity Peer Group$1,250/person
- RetreatsMember Rate
- Conference4 included
Basic
- Member NewsletterIncluded
- Webinars (6 per year)Included
- Live Case StudyIncluded
- Affinity Peer Group$1,250/person
- RetreatsMember Rate
- Conference$999/person
Non-Member
- Member NewsletterNot Included
- Webinars (6 per year)$25 / Webinar
- Live Case StudyNot Included
- Affinity Peer GroupNot Included
- RetreatsNot Included
- Conference$1,599/person
*Basic Membership costs are determined by number of full-time employees: 1-20: $405, 21-50: $705, 51+: $975
We are here to help.
Regardless of where your family business is today, the team at Prairie Family Business Association is here to support your family and provide unique resources as you navigate the intricacies of being part of a family-owned business.
If you have any questions or need help figuring out what your next step is, don’t hesitate to reach out to us at fba@usd.edu. We are here to help your family business thrive through the generations!