Peter
There’s a New Reality Series About Fixing up Troubled Companies
Tonight CNBC premieres a new reality show about a tycoon who fixes other people’s companies. It’s called The Profit and features Marcus Lemonis the CEO of conglomerate Camping World.
Marcus Lemonis Rescues Small Businesses in “The Profit
What compelled you to be on this show?
I’ve spent my life buying small businesses, and it really made sense to find more deals or teach people how easy or hard it is, in some cases. There are a lot of shows out there, so we wanted to create a different platform for entrepreneurs who are just getting started or small business owners who need a little push. (Read the article)
$35 Billion Gone.
Ouch, that’s gotta hurt.
Eike Batista the Brazilian tycoon who announced that he would become the world’s richest man by around now has lost 99% of his fortune. This is a record breaking drop in wealth.
However, according to estimates he is still worth about $200 million. I suppose that you could survive on that if you cut back on the Starbucks visits.
“His loss of credibility is explained by not delivering on the results promised when he listed his companies,” Elad Revi, an investment analyst at Spinelli SA, said by telephone today from Sao Paulo. “There was a chain reaction: he lost credibility in one, then he lost it in all of them.”
You can watch the Bloomberg crew discuss Batista’s downfall here.
This is a very powerful video about the importance of having passion for your work. Without passion it’s too easy to quit if things don’t go smoothly and quickly.
I may have more money than you, but money doesn’t make the difference. If there is any difference between you and me, it may simply be that I get up and have a chance to do what I love to do, every day. If you learn anything from me, this is the best advice I can give you. – Warren Buffett
The Rise and Fall of Adnan Khashoggi
Deal-maker Adnan Khashoggi
Back in the 1970s and 80s Adnan Khashoggi was in the news on a weekly if not a daily basis. Rumor had it that the weapons trader turned deal-maker was one of the richest men on earth. At first the media covered him because of his luxurious lifestyle of private jets, big yachts, glamorous women, and hobnobbing with royalty. Then he became associated with the Iran-Contra and Lockheed scandals. After that he went on the decline.
Adnan was not the type of deal-maker we normally cover here. He was much more of a schmoozer than asset accumulator. His talent lay in bringing different parties together for the purpose of collaborating in business deals. If a deal was done Adnan received a handsome commission.
Mini-course on tycoon growth strategies?
Someone suggested that I offer a mini-version of The Tycoon Playbook course for those on a limited budget. I’m not sold on this idea making any sense because if you can’t afford the enrollment fee then you can’t afford to put the course into action either. However, I am willing to mull it over and gauge interest. My initial thinking is to offer a mini (strictly online) version at a nominal price which would be credited against the enrollment fee if a person decided to sign up afterwards. Free is not an option because there’s no incentive for me and besides people don’t appreciate free things. So if you are interested in a mini version of the tycoon growth for a price tag in the $50 range, sign up below and I will keep you posted. I never sell or share your information with anyone. Continue reading
Recent Comments