Entrepreneur Marcus Lemonis is willing to share his business knowledge, evident with his new CNBC series “The Profit” that debuts at 10 p.m. EDT tonight (July 30).
As reported by the Fresno Bee, when the businessman, whose companies include Camping World Inc. and Good Sam Enterprises LLC, needs some help with a deal, he thinks of only one person — his mother.
“I do have this very simple philosophy. I do business with one thing in mind. I always think about what my mother would say about how I did business,” Lemonis says during an interview this week at the TV Critics tour in Los Angeles. “It seems overly simplistic, but if my mother would be OK with how I did the deal, I’m good. If she would kind of raise her eyebrows and think it was a little shady, then I would know I’m not doing it the right way.”
His mother died two weeks ago, but her influence lives on in the man who went from living in a Beirut orphanage when he was 9 months old to owning his own lawn business by age 12. Now at 39, he is involved with several companies.
Network and cable channels are filled with programs where an “expert” comes into a business — restaurant, hotel, bar, beauty parlor, etc. — and tries to help fix the problems. In the end, there’s not that much tension because the experts aren’t invested in the business. Even the business sharks on “Shark Tank” can pass on a deal if they see any problems.
Lemonis has a different plan. The self-made millionaire is putting up his own money. It works like this: If the changes he makes to a struggling business work, he gets his money back and possible profit. Failure means he’s out the investment.
To read the entire article click here.