Mike Michalowicz – Stay In Your Lane

<p><strong>BIO:</strong> Mike Michalowicz leads two new multi-million-dollar ventures as he tests his latest business research for his books.</p><p><strong>STORY:</strong> Mike made huge profits from selling his second business, and his ego as an entrepreneur exploded. He took the gains and decided to fund multiple companies in different industries where he had no experience. They all failed and left him with zero assets.</p><p><strong>LEARNING:</strong> Stay in your lane. Take time after selling a business to think before you rush into another investment.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“If you don’t know a space inside and out, don’t get into that business.”</strong></blockquote><blockquote class="ql-align-center">Mike Michalowicz</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/mikemichalowicz/" rel="noopener noreferrer" target="_blank"><strong>Mike Michalowicz</strong></a> leads two new multi-million-dollar ventures as he tests his latest business research for his books. He is a popular main-stage keynote speaker on innovative entrepreneurial topics. He is the author of eight books, including <a href="https://mikemichalowicz.com/profit-first/" rel="noopener noreferrer" target="_blank"><em>Profit First</em></a>, and <a href="https://mikemichalowicz.com/clockwork/" rel="noopener noreferrer" target="_blank"><em>Clockwork</em></a>, which have transformed over seven hundred thousand businesses.</p><h2>Worst investment ever</h2><p>Mike started his first company out of college. He sold it in a private equity transaction and started another business. The second business was data forensics and computer crime investigation, doing defense analysis. The company had big clients who put it on the map right away. That business grew bootstrapped very rapidly and was acquired by a Fortune 500 company one and a half years after its inception. With this sale, Mike became a self-made millionaire in his early 30s.</p><p>Mike’s newfound success made him believe that