Muth Electric Inc.

Beyond the boardroom: Family businesses to offer insight into board approach

One is an advisory board, the other a fiduciary board. One dates back to the 1980s; the other was formed eight years ago. But for both Muth Cos. and Steffes Group, utilizing a board of directors has proven invaluable in evolving their family businesses. Both will share their stories and best practices at an upcoming […]

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A development that families built: The multigenerational legacy of The Steel District

The land has been in the Rysdon family for generations – and determining the best use for it years into the future wasn’t easy. Since 1918, Sioux Steel Co. has served as a cornerstone of the Sioux Falls community, a leading agricultural equipment manufacturer. But it had become clear that building for the future likely

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When business owners retire: Well-known entrepreneurs share strategies to life after role as CEO

Creating a plan to transition family business leadership is one thing – executing it is another. What does retirement really look like? Should you use a board of directors? And how should it be structured? Do you still have an office? While you might feel alone in trying to figure this out, the issues faced

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Building together: Muth, Lloyd share in family business success

Building together: Muth, Lloyd share in family business success Doing business in the early 1980s wasn’t easy. Trying to grow a business was even harder. But those trying times bred a business relationship and friendship between Dick Muth, Craig Lloyd and their respective businesses and families that endures. “From ’80 to ’85, his business was

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