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Lexington Teens Find Success as Serial Entrepreneurs

Several years ago our next guest and his sister talked three sharks from ABC's TV show Shark Tank into investing into their company.  They sold it a few years later and then last year, he won Warren Buffet’s “Grow Your Own Business” competition, which then led to both of them launching their newest business on the Meredith Veira TV show.  And during this entire time, they have been and still are kids.

Mike Switzer interviews Jake Johnson, 15 (his sister, Lachlan, who could not join us today, is 19), co-owner of Lexington, SC-based Beaux Up.

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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.