The ‘Automatic Car Wash Lesson’ for Entrepreneurs

The ‘Automatic Car Wash Lesson for Entrepreneurs

Warren Buffet said something that has stuck with me over the years and that I try to keep in mind when evaluating business opportunities.

And I have to admit, I’m pretty terrible at following his advice in this case.

But the ‘Automatic Car Wash Lesson’ is probably one of the most important lessons for understanding risk vs. reward and how it impacts your ability to create wealth as an entrepreneur. Must check out lessons for entrepreneurs in 2023.

I hope you enjoy it!

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Mike Cooch

ServicesThatScale CEO, Mike Cooch has worked with small businesses his entire career and has a passion for helping them grow and thrive.

He has founded successful, seven-figure businesses in technology services, agency services, publishing, and ecommerce.

His businesses have been leaders in creating, selling, and delivering 'productized services' that scale, landing them on the INC 5000 list of fastest growing companies three years in a row, and enabling him to sell his business for a successful exit.

He has three children, is an avid skier, hiker and traveler, and is loving life in his new hometown of San Diego.