Prairie Family Business Association Hosts Retreat

GETTYSBURG, S.D. -- The Prairie Family Business Association recently hosted its bi-annual family business retreat in rural Gettysburg, South Dakota.

Five families from across the region traveled to the Paul Nelson farm on the last weekend of August to experience a weekend of learning.

Featured keynote speaker Mike McGrann delivered sessions on the four pillars of family business success: communication, legacy, succession and becoming an enterprising family. Retreat participants developed codes of conduct, communication expectations, transition plans, succession expectations and explored their legacy as a family and as a business. These activities uncovered valuable information about each other and their respective future business goals.

“The attending families covered more topics and strategies in three days than most families will in the next 365 days,” said Stephanie Larscheid, executive director of Prairie Family Business Association. “This experience was vital for communicating about needs, desires and tactics related to succession planning and the future of each family and their business. The family business retreat is one of the most premier opportunities we offer our members and we are pleased to offer the experience.”

If you are interested in the next family business retreat in 2018, email fba@usd.edu.

Prairie Family Business Association was founded in 1993 as a South Dakota Family Business Initiative through the University of South Dakota Beacom School of Business with the mission of enhancing the long-term survival and success of its family business members.

ABOUT THE BEACOM SCHOOL OF BUSINESS

USD's Beacom School of Business was established in 1927 and has been accredited by the Association to Advance Collegiate Schools of Business (AACSB) since 1949. The leading business school in the region, Beacom’s programs are consistently ranked among the top business schools in the nation by Princeton Review, U.S. News & World Report and others for its high-quality learning experience, student success, affordability, and high-caliber of faculty and students. Whether a student chooses face-to-face or online courses, Beacom’s programs emphasize real-world experience through professional organizations, quality internships and capstone projects.

ABOUT USD

Founded in 1862 and the first university in the Dakotas, the University of South Dakota is the only public liberal arts university in the state, with 205 undergraduate and 73 graduate programs in the College of Arts & Sciences, School of Education, School of Law, Sanford School of Medicine, School of Health Sciences, Beacom School of Business and College of Fine Arts. With an enrollment of nearly 10,000 students and more than 400 faculty, USD has a 17:1 student/faculty ratio, and it ranks among the best in academics and affordability. USD’s 17 athletic programs compete at the NCAA Division I level.

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