Episodios

  • How to Be a Great Board Member | Michaela Bearden & Angelika Olsen of Inner Will

    How to Be a Great Board Member | Michaela Bearden & Angelika Olsen of Inner Will
    Jul 23 2025
    Michaela Bearden and Angelika Olsen of InnerWill share how board members can support family businesses through relationship, humility, and hard questions.
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    32 m
  • Build from the Ground Up | Abby Woodford of Interim HealthCare

    Build from the Ground Up | Abby Woodford of Interim HealthCare
    Jul 9 2025
    Abby Woodford, Vice President and COO of Interim HealthCare, shares how leadership, culture, and communication facilitate effective succession planning.
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    33 m
  • Building a Legacy Together | Megan Green of Weiler

    Building a Legacy Together | Megan Green of Weiler
    Jun 25 2025
    Megan Green, CFO and General Counsel of Weiler, shares her journey stepping into the family business and the importance of clear communication, intentional succession planning, and peer support.
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    36 m
  • Family Business Connection Season 2: COMING SOON!

    Family Business Connection Season 2: COMING SOON!
    Jun 18 2025
    Season 2 of Family Business Connection is here! Join host Stephanie Larscheid as she shares real stories from family business owners and next-gen leaders navigating the challenges of working with family—while building lasting legacies. From first-generation founders to fifth- and sixth-generation stewards, each episode delivers insights, operational tips, and encouragement for those in the thick of family and business life. Whether you're a business owner, successor, or advisor, you'll find ideas and inspiration to strengthen both your family and your enterprise. Season 02 launches on Wednesday, June 25. Follow Family Business Connection so you never miss an episode!
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    1 m
  • Nearly 100 Years of Free Ice Water | Rick and Sarah of Wall Drug

    Nearly 100 Years of Free Ice Water | Rick and Sarah of Wall Drug
    Jan 15 2025
    In this episode, we’re joined by both Rick and Sarah Hustead of Wall Drug, a family-owned and operated family business headquartered in Wall, South Dakota. Famous for their free ice water billboards around the world, Rick and Sarah describe how the family expanded the drug store into a landmark roadside attraction through Rick’s grandmother’s advertising suggestion during the Great Depression. They also discuss how they’ve managed the business for nearly 100 years across four generations, the importance of asking the next generation to be a part of the family business, and what being “the steward” of Wall Drug looks like for the future. Family Business Checkup - Want to learn what key areas your family business should focus on next? Take the Family Business Checkup! After answering several prompts, the Family Business Checkup will give you scores on the key indicators of family business success and point you in the right direction for what you should focus on next. The Checkup is free and available here: www.fambus.org/resources 2025 Conference - Join PFBA for an action-packed two-days full of family business inspiration and motivation that’ll transform your thinking around communication, succession, relationships, and the future of your family business at the 2025 Annual Family Business Conference, including the Taste of Family Business event Tim mentions in this episode. Now at the Steel District – Canopy by Hilton in Sioux Falls, South Dakota, you’ll want to register for your tickets at the lowest price of the year. Learn more and register: www.fambus.org/2025conference Season One of the Family Business Connection features stories from all kinds of family business leaders that guide family businesses to thrive for generations. Thank you to this episode’s sponsor, Pro Resources!
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    37 m
  • Water Tanks, Employment Policies & Innovation | Parker Jones of Maguire

    Water Tanks, Employment Policies & Innovation | Parker Jones of Maguire
    Dec 18 2024
    We welcome Parker Jones, Business Development Manager and third-generation family member of Maguire, a Sioux Falls-based water storage solutions leader with over a century of expertise in water tank and tower construction and maintenance. Parker discusses Maguire’s family employment policy, which fosters intentionality and clarity in developing a lasting business legacy through a shared mission rather than pursuing a quick profit through the sale of the business. We also talk about Maguire’s commitment to innovation through their goal to launch a new business every year under the Maguire umbrella. Affinity Peer Group – Parker described the pivotal role her Affinity Peer Group has played in helping her develop as a family business leader. APGs are small, highly confidential discussion groups that meet regularly, allowing members to share experiences and learn from each other. Through confidential discussion led by trained facilitators, you can hear how other family businesses have tackled challenges including family employment policies and growing the business through innovation. Learn more about APGs and how you could benefit from joining your peers: fambus.org/APG Family Business Checkup - Want to learn what key areas your family business should focus on next? Take the Family Business Checkup! After answering several prompts, the Family Business Checkup will give you scores on the key indicators of family business success and point you in the right direction for what you should focus on next. The Checkup is free and available here: www.fambus.org/resources 2025 Conference - Join PFBA for an action-packed two-days full of family business inspiration and motivation that’ll transform your thinking around communication, succession, relationships, and the future of your family business at the 2025 Annual Family Business Conference, including the Taste of Family Business event Tim mentions in this episode. Now at the Steel District – Canopy by Hilton in Sioux Falls, South Dakota, you’ll want to register for your tickets at the lowest price of the year. Learn more and register: www.fambus.org/2025conference Season One of the Family Business Connection will be 11 episodes featuring stories from all kinds of family business leaders that guide the family businesses to thrive for generations. Thank you to this episode’s sponsor, Insperity!
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    27 m
  • Leading from the Right Lane | T.J. Russell of Cloverdale Foods

    Leading from the Right Lane | T.J. Russell of Cloverdale Foods
    Sep 19 2024
    We welcome T.J. Russell, the chairman and fourth-generation owner of Cloverdale Foods. The Mandan, North Dakota-based food company creates high-quality, flavorful meat products that include bacon, sausage, deli meats, and snacks. In our conversation, we talked about how the 110-year-old company reached the Century Club and what lessons and philosophies have been handed down through generations. We also discuss how Cloverdale formed an advisory board in 2023 as well as what it takes to have a high-functioning executive team made up of both family and non-family key leaders. Want to learn what key areas your family business should focus on next? Take the Family Business Checkup! After answering several prompts, the Family Business Checkup will give you scores on the key indicators of family business success and point you in the right direction for what you should focus on next. The Checkup is free and available here: www.fambus.org/resources Join PFBA for an action-packed two-days full of family business inspiration and motivation that’ll transform your thinking around communication, succession, relationships, and the future of your family business at the 2025 Annual Family Business Conference, including the Taste of Family Business event Tim mentions in this episode. Now at the Steel District – Canopy by Hilton in Sioux Falls, South Dakota, you’ll want to register for your tickets at the lowest price of the year. Learn more and register: www.fambus.org/2025conference Do you know what one of our highest rated programs is? Live Case Studies! In a Live Case Study, your family will work with a team of professional advisors who have expertise working with family businesses to analyze your family business and provide you with a roadmap for the future of your business tailored to each of your family members. Participation in a Live Case Study is a no cost benefit of membership to Prairie Family Business Association. Learn more about the Live Case Study process and read how they’ve impacted other family businesses: www.fambus.org/live-case-study Family Business Connection will be 10 episodes featuring stories from all kinds of family business leaders that guide the family businesses to thrive for generations. Thank you to this episode’s sponsor, Thompson Law!
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    46 m
  • A New Strategy for Fresh, Sustainable Food | Tim Meagher of Vanguard Hospitality

    A New Strategy for Fresh, Sustainable Food | Tim Meagher of Vanguard Hospitality
    Aug 21 2024
    We welcome Tim Meagher, owner and Chief Operating Officer of Vanguard Hospitality, a family business behind some of the most popular restaurants in the Sioux Falls area including Minervas, Grille 26, and Morrie’s Streakhouse. In our conversation, we talk about how the COVID pandemic caused massive changes to Vanguard’s food suppliers causing the company to pursue partnerships with local producers, most of which are family owned and operated. Not only does Vanguard prioritize the freshest, most sustainable, and seasonal food, they’re supporting family farms, ranches, and producers. Tim shares his story of how Vanguard navigated massive change that ultimately transformed how their family business secured their food supply by investing in local partners. Want to learn what key areas your family business should focus on next? Take the Family Business Checkup! After answering several prompts, the Family Business Checkup will give you scores on the key indicators of family business success and point you in the right direction for what you should focus on next. The Checkup is free and available here: www.fambus.org/resources Join PFBA for an action-packed two-days full of family business inspiration and motivation that’ll transform your thinking around communication, succession, relationships, and the future of your family business at the 2025 Annual Family Business Conference, including the Taste of Family Business event Tim mentions in this episode. Now at the Steel District – Canopy by Hilton in Sioux Falls, South Dakota, you’ll want to register for your tickets at the lowest price of the year. Learn more and register: www.fambus.org/2025conference Do you know what one of our highest rated programs is? Live Case Studies! In a Live Case Study, your family will work with a team of professional advisors who have expertise working with family businesses to analyze your family business and provide you with a roadmap for the future of your business tailored to each of your family members. Participation in a Live Case Study is a no cost benefit of membership to Prairie Family Business Association. Learn more about the Live Case Study process and read how they’ve impacted other family businesses: www.fambus.org/live-case-study Family Business Connection will be 10 episodes featuring stories from all kinds of family business leaders that guide the family businesses to thrive for generations. Thank you to this episode’s sponsor, Thompson Law!
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    42 m