Great time! Educational, entertaining, refreshing and reflective! The Lloyd Family gave a wonderful tour of the Larson Square Lofts and The Arches Business Building.
It was wonderful to see the Family show how growing in the business and off the business are done. The family also showed true openness in the regards to family functionality. Great Legacy Lloyd Family!!
The Egger Family from Egger Steel Company was this years Sioux Falls Award winner. Presented by last year recipient Dave Austad of Austad’s Golf. Two positive examples of succession planning.
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Good Questions Family Businesses have advantage because of the “family” Factor. But what are the statistic for success of a family business.
Why do smart people fail to plan their estate.
1) Someone else is the benefactor to the planning.
2) There is no Immediate benefit noticed.
3) Decisions could bring up emotional conflict in the family.