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Family Business Connection

Family Business Connection

De: Prairie Family Business Association
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Family Business Connection is a Prairie Family Business Association podcast where we lift up the stories behind family businesses who thrive for generations. We explore the topics our family business members request most often: Communication, Culture, Innovation, Leadership, Strategy, and Succession by hearing from the family business leaders who are solving problems day-in and day-out while building a legacy for their businesses and their families.© 2025 Family Business Connection Economía Gestión Gestión y Liderazgo Liderazgo
Episodios
  • Nearly 150 Years Strong | Rob Everist of L. G. Everist, Inc.

    Nearly 150 Years Strong | Rob Everist of L. G. Everist, Inc.
    Sep 24 2025
    Rob Everist of L. G. Everist, Inc. shares lessons from 150 years of family business, dynasty trusts, governance, and preparing next-gen leaders. Rob Everist, a fourth-generation leader at L. G. Everist, Inc., reflects on 150 years of family business resilience, growth, and adaptation. Founded in 1876 as a coal supplier, L. G. Everist has evolved into a diversified enterprise in aggregates, concrete, asphalt, rail, and land development. Rob shares his earliest memories working in the sand and gravel pits as a teenager and how those experiences shaped his view of family business responsibility. He explains the company’s approach to next-generation entry, which requires education, outside work experience, and earned credibility before joining. [00:07:50] “Everybody’s gotta realize that you gotta bring something to the table. You just can’t show up with the right last name and think that’s gonna be enough.” A key part of LG Everist’s long-term stability has been its dynasty trust ownership structure, established decades ago to enable generational continuity while avoiding common transfer hurdles. Rob emphasizes how this structure, combined with strong governance through a board with non-family members, positions the company for long-term success. Though certainly intertwined, Rob stresses that outside perspectives help both the family and business attain balance. [00:16:57] “Treat the business as a business and treat your family as a family.” Rob’s insightful reflections provide a roadmap for navigating the challenges and opportunities of sustaining a family enterprise into its next century and beyond. Links Rob Everist | LinkedIn L. G. Everist, Inc.’s Website Prairie Family Business Association’s Website
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    23 m
  • Pass the Torch with Purpose | Scott Stern of Stern Co.

    Pass the Torch with Purpose | Scott Stern of Stern Co.
    Sep 3 2025
    Scott Stern of Stern Co. shares how stepping back, empowering a non-family CEO, and mentoring his children fuel the company’s next generation. Scott Stern, second-generation leader of Co., reflects on nearly 50 years of family business history and the lessons that come with passing leadership to the next generation. After decades in the business, Scott recognized the moment had come to step back — not because he didn’t care, but because the company and his family needed space to grow under new leadership. Scott shares what it feels like to let go of the day-to-day and how his family noticed his leadership fatigue before he did. [7:45] “Sometimes . . . historical solutions don’t solve current problems. That really raised a level of awareness with me that now is really my time to step back.” Scott describes what the transition to a trusted non-family CEO looked like, his daughters’ and son-in-law’s involvement, and how clear governance, outside perspectives and strong leadership have strengthened the company. [20:39] “I think every day as a CEO or president if you walk into your company and say, ‘How can I make the people better in this organization today than they were yesterday?’ That’s a win. That’s exactly what we have to focus on.” Scott’s candid reflections on timing, patience, and why leaders should step back while they still have time to mentor and transfer knowledge are invaluable. His insights will resonate with any family business leader grappling with legacy, succession, and the desire to see their company and family thrive in the future. Links Scott Stern | LinkedIn Stern Co.’s Website Prairie Family Business Association’s Website
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    32 m
  • Leaving a Legacy Through Employee Ownership | Scott Sletten of JDS Industries

    Leaving a Legacy Through Employee Ownership | Scott Sletten of JDS Industries
    Aug 20 2025
    Scott Sletten of JDS Industries shares how employee ownership is shaping his company’s future and why legacy mattered most to his succession plan. Scott Sletten shares how JDS Industries, a thriving wholesale business, started as a local trophy shop, owned and run by his father. In the 1990s, Scott and his father transitioned from retail to wholesale, developing JDS Industries into the 13-warehouse international business it is today. As he started approaching 60, Scott began exploring exit strategies—outright sale, family succession, or something in between. Concerned about culture shifts and vendor disruption with a private equity sale, Scott listened to his leadership team’s bold proposal: a 100% ESOP (Employee Stock Ownership Plan). After visiting several companies that operate under ESOPs, meeting with investors, and consulting with his leadership team, Scott decided to sell his company to his employees in a manner that maximized long-term impact while minimizing personal risk. [28:07] “No path of you exiting your company is without risk. . . . You gotta decide really what your hotspots are and what's most important to you.” Scott explains how educating himself (and others) on ESOPs, keeping his leadership team informed, and structuring a gradual transition allowed him to stay strategically involved while maintaining employee trust and positive company culture. [23:07] “We’re about six months into [the transition] now and it’s working very, very well, and I can focus more on the strategic side of things.” Scott stresses that while it takes time to transition out of a company, being proactive about succession is vital. Setting up your employees and future self for success is worth the time and effort. Links Scott Sletten | LinkedIn JDS Industries’ Website Prairie Family Business Association’s (PFBA) Website PFBA’s Instagram
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    32 m
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