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Prairie Family Business Association
4801 North Career Avenue
Sioux Falls, SD 57107
Office Hours
Monday - Friday
8:00 a.m. - 5:00 p.m.

Navigating Family and Business

Working in a family enterprise offers a unique set of opportunities and advantages that are rarely found in non-family businesses. Yet, this close-knit dynamic can also give rise to complex challenges, often leaving leaders wondering how to get everyone on the same page about the future and the shared vision for the next generation.

Families frequently grapple with tough questions about whether children can afford to buy the business, who will take over leadership, and when that transition should happen. Beyond logistics, navigating these milestones requires setting aside personal biases and emotional conflicts to make objective, strategic choices for the company.

The Prairie Family Business Association exists to help family enterprises navigate these pivotal moments. By providing specialized guidance, peer connections, and planning resources, the association makes it its mission to help family businesses plan for the next generation so that both the enterprise and the family can thrive before, throughout, and after the transition.

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Our Sponsors

Our mission to provide family businesses with the tools they need is made possible by our supporting sponsors.

Succeed today.
Plan for the Future.

By providing over 200 members across 13 states with resources and staff, Prairie Family Business Association helps build a strong network and spark new opportunities for family owned businesses.

What We Offer

Prairie Family Business Association provides a resource network for family business success to help family businesses thrive through generations.

We offer a variety of events both online and in-person that allow you to interact with family business experts and hear others' success stories. These events include:

  • Webinars: Interactive presentations from family business experts and family business success stories.
  • Affinity Peer Groups: Facilitated peer groups that allow members to share experiences, learn from each other and seek advice on confidential issues and opportunities.
  • Action Plans: Receive a fresh look at your family business from a team of professional advisors.

Building a community of family businesses is key to a successful future. We help to foster these connections through events such as:

  • Retreats: Spend two days with a national consultant and small group of other business-owning families and work on your business.
  • Conference: Our conference is a premier educational and networking events in the region featuring national and local presenters.

We strive to provide spaces for family businesses to strengthen their connections within their team and recognize and honor those who excel.

  • Board Bootcamp: A program for families operating with a board or families who have an interest in forming one.
  • Awards: Annual awards recognize local family businesses who have been committed to excellence throughout multiple generations.
  • Next Gen Programming: A unique program designed to help the next generation of leaders in your family business.
Two students in business clothing walking through a building on campus with books in their hands.

An outreach center of the USD Beacom School of Business

At the Beacom School of Business, fulfilling the mission of strengthening and leveraging relationships with businesses, governments and communities is paramount. That work is accomplished in part through economic development outreach centers. Prairie Family Business Association and other outreach centers use the resources of the USD Beacom School of Business combined with external support networks to provide comprehensive services for small businesses throughout the state and Midwest region.

Family Business Member

The Prairie Family Business Association has been an important organization in helping us successfully transition our family business from the 1st to the 3rd generation. The organization and its members are the best! We continue to see solid value in our membership and the activities we participate in.

Jay Bender

Falcon Plastics, Inc.