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Join us in this inspiring episode where John from VETtoCEO and Folla Capital interviews Michael Johnson, the owner and operator of SpeedPro Northwest Raleigh. Michael shares his journey from serving as an infantryman in the Marine Corps to becoming a successful business owner. Learn about his experiences in the military, how they shaped his entrepreneurial mindset, and guided him through purchasing his first business. Michael discusses the challenges he faced, including cash flow management and dealing with customer concentration, and shares invaluable advice for veterans looking to transition into entrepreneurship. Don't miss this insightful conversation filled with real-world experiences and practical tips for aspiring business owners. 00:00 Introduction and Guest Welcome 00:49 Overview of Speed Pro Northwest Raleigh 02:39 Military Background and Transition 04:38 Early Entrepreneurial Ventures 06:09 Journey to Business Ownership 10:40 Acquiring and Growing the Business 12:27 Insights on Buying a Business 21:41 Customer Concentration Challenges 23:28 Facing Financial Hardships 25:40 Navigating Banking and Credit Issues 28:08 Military Experience and Problem-Solving 34:48 Finding Purpose After Service 40:16 Final Advice and Contact Information Michael's LinkedIn: / keeptrading