Three investments that could give your small business a boost

By Mike Switzer

Published May 25, 2023 at 5:30 AM EDT

Every entrepreneur knows that you have to spend money to make money, and although that may feel a little risky sometimes, our next guest says that there are some ways to get a lot of bang for your buck. Mike Switzer interviews Adriana Fominaya, a small business community engagement consultant with Wells Fargo.

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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.

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