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The mission of the Prairie Family Business Association is “To build relationships and offer quality educational programs that promote successful businesses and healthy families in South Dakota and surrounding areas!”

History

The Prairie Family Business Association was founded in 1993 as South Dakota Family Business Initiative with the express mission of enhancing the long-term survival and success of its family business members. Today, this focus is maintained through three streams of emphasis:
  • Involving, educating, and recognizing the accomplishments of our members
  • Building alliances with complementary organizations
  • Sharing resources with potential members

Programs


Affinity Peer Groups


These groups are small, confidential discussions groups that meet regularly, allowing members to share experiences and learn from each other. Members informally explore what to do and what not to do in day-to-day interactions among family, owners, employees, and board members to make family leadership a competitive advantage. Each group is customized based on the needs and interests of the participants. Trained moderators understand the complexities of integrating business, family and personal issues. Join the group the best matches your needs: Current Leading Generation, Transitioning Generation, Next Generation.

LEGACY GENERATION

  • Wisdom and experience
  • Successful leaders of family businesses
  • Excellent mentors
  • Share experiences with others
Participate in mentoring programs and educational presentations to share experiences with others.

LEADING GENERATION

  • Making business decisions in a rapidly changing business environment
  • managing family relationships
  • establishing family policy
  • developing a governance structure
  • developing future family business leaders.
Participate in workshop and networking opportunities that provide tools necessary to continue the family business legacy.

FUTURE GENERATION

  • Can I meet my parent's expectations?
  • Do I really want to be involved with the family business?
  • What are my options?
Participate in forums and networking activities to learn more about making the right decisions in difficult situations.

Annual Conference

This two day event, held in April, is recognized as the #1 networking event in the region for business owning-families. The conference features national educators, consultants, local experts along with local and national family business leaders who come together to share the latest research and planning tools to help your family business create a legacy to last for years. The Prairie Family Business of the Year Awards are presented at the Thursday evening banquet.

Audio Conference

Without leaving town, you can learn from numerous experts over the telephone line. It’s a 60-minute topic oriented educational forum highlighting experts and family businesses from across the country. You can join other area family businesses at a host site near you and enjoy lunch while learning! There are between 7-10 topics throughout the year.

Awards

The PFBA has a desire to recognize the successes of exemplary family firms - those with a rich heritage, strong values, community involvement, and that have weathered the metaphorical storms of family enterprise. The Association now presents Excellence in Family Business Awards at several local Chamber events annually. These honored families are then considered for The Prairie Family Business of the Year Award, as well as a runner-up. We also present annually, The Heritage Award to a family firm that has been in the family for 75 years or more. These prestigious awards are presented at the annual conference in April.

Legacy Tours

Join us for tours of local family businesses and hear their Legacies. "Legacy" is the story behind the families and businesses. From lucky breaks to costly mistakes; precise planning, to "flying by the seat of the pants”; family harmony to the family feud ~ these stories are sure to inspire. As you create your own legacies, learn from the wisdom of those who have walked the long and winding road of family enterprise.

Retreats

A family business retreat is one of the most important strategies used to help strengthen the communication system in a family-owned business. This two day event, located at world-class lodges in the region, features a national family business consultant and educator. Both large group and private family session with facilitators are offered. Families have the opportunity to spend some quality time away from the office, switching from working “in the business” to working “on the business” and “on the family”.

Resources

· Newsletter - a bi-annual publication jam packed with events and relative information for family businesses
· Website - www.fambus.org Visit often for upcoming Current Events, Membership Information, Networking Opportunities and Family Business Educational Resources.
· Library & Resource Center Books Tapes - CD’s - DVD Business articles
·
Consults Private family consultations are available.
·
Membership Directory
· USD Business Classes
· Family Business Check Ups
· E-News
· A Wealth of Knowledge is gained at our Annual Conference, Retreats, Audio Conferencing, Affinity Peer Groups, and through affiliated Professional Members.

Web site

http://fambus.org/index.html


Categories: Resources > Resources - North America > Centers for family business - North America