Deseret News wrote:
Starting and running a family business is a dream of many first-time entrepreneurs. While the hours are long and the worries at times are overwhelming, building a sustainable business brings both financial and emotional rewards.
But what happens when it’s time to retire?
Mike Bachman took over the family plumbing business after his father passed away, and he “just kept (the company) going.” He had returned to the business he first knew when he worked for his grandfather, who worked for his great-grandfather in a family business that traces back to 1905.
Now, after 40 years as owner — along with his wife, Debbie — he is working on a plan to pass the business on to the fifth generation of Bachmans, his son Vic.