Your Legacy, Their Future
Agatha Johnson of WillKate and Kyle Hohn of MDS Manufacturing share the planning, decisions and commitments behind a generational transition. For the next generation of a family business, taking ownership means more than stepping into a new role; It means deciding what to carry forward. Kyle Hohn, a third-generation owner of MDS Manufacturing in Parkston, South Dakota, and Agatha Johnson of WillKate join the show to talk about transitioning a 50-year-old family business. Agatha explains why the conversation should start with a vision for the future, not the technical details. [3:00] Agatha: “We always kind of talk about that 100-year plan, which is only three generations... So we like to have them think broader view, very holistic. We don’t wanna go in technical aspects of anything because at the end of the day, then we get caught in the weeds.” She also makes the case for giving everyone with a stake in the business a voice early. [18:45] Agatha: “We wanna make sure everybody’s voice is heard because everybody has a stake in that, even before they become shareholders. So we always articulate between shareholders and stakeholders, and that everybody... this will impact everybody along the way.” For Kyle, joining the business raised questions about his own readiness to lead. [23:00] Kyle: “What kind of skills do I need to learn in order to become what you guys were, or to help lead the company to where it needs to go for the future, is really a big thing.” He also describes what it takes to keep planning for the future. [29:30] Kyle: “Strategic planning, we’ve been doing that every year since I joined the company full time, and that’s a big feat. It takes a lot of work to work on the business instead of in the business.” Listen in for a conversation about what it takes to prepare the next generation to lead, and why the transition matters more than the succession itself. Links MDS Manufacturing Website WillKate Website Agatha Johnson’s LinkedIn Prairie Family Business Association's (PFBA) Website PFBA's Instagram






