What Happens to Your Business If You Retire or Die?

By Mike Switzer

Published March 17, 2015 at 12:35 AM EDT

As business owners approach retirement age, they start to think about what will happen to their business. Our next guest says it would be best if they started thinking about this long before retirement, but either way, he has six points for family business owners to consider when planning for succession.

Mike Switzer interviews Jon Robertson, a certified financial planner with Abacus Planning Group in Columbia, SC.

Tags

South Carolina Business Review business news

Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

See stories by Mike Switzer