How to Buy a Business
Jerry Seinfeld’s Chains Productivity Secret
Everyone has been talking about the chain method for building commitment and focus of late. It’s been attributed to Jerry Seinfeld but I have a recollection of reading about it somewhere long ago.
In a nut shell, it works like this:
He [Seinfeld] said the way to be a better comic was to create better jokes and the way to create better jokes was to write every day. But his advice was better than that. He had a gem of a leverage technique he used on himself and you can use it to motivate yourself—even when you don’t feel like it.
He revealed a unique calendar system he uses to pressure himself to write. Here’s how it works.
Planet Popcorn and the Case of the Missing $400,000
The Profit episode about the popcorn business brought back memories from my years in selling businesses. Let’s just say that some business sellers are less than forthcoming with the facts.
Planet Popcorn sells a variety of popcorns at fairs and farmer’s markets across southern California. However, its main cash cows are two stands at Downtown Disney. As you may have already guessed, this is a cash business and that means a challenge for anyone interested in getting a clear picture of just how well it’s doing, as we will see.
Things get off to a shaky start for Marcus and the owner. Initially she wants to use Marcus’s money to open a creperie. Marcus wants nothing to do with a new venture. When they later go to scout potential locations for a permanent popcorn store, she reveals that she is still fixated on opening a creperie. I don’t know how Marcus could have made his feelings any clearer on the subject: No freaking creperie!
The Profit’s Marcus Lemonis explains how he makes his money by acquiring and fixing up troubled businesses.
Marcus drills down into the details here. Listen carefully as he uses shorthand.
By the way, he’s a true rags-to-riches story having started life in an orphanage in Lebanon. He moved to the USA at age 12.
This is what this site is all about.
Click for video:
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)
How Richard Desmond Became a Billionaire
Richard Desmond is a British media mogul worth over $1.5 billion in USD. Here he talks about his rise from an impoverished childhood. His business career started at the ripe old age of 5 after his father became deaf from an illness and required a sign language interpreter to accompany him to meetings. Young Richard won the gig. When he hit 13 he was hired by a popular London music venue, Manor House, to work in the cloak room which afforded him the opportunity to meet and befriend some of the 1960’s biggest rock stars.
Richard Clive Desmond (born 8 December 1951) is an English publisher and businessman. He is the owner of Express Newspapers and founder of Northern & Shell, which publishes various celebrity magazines, such as OK! and New!, and British national newspapers Daily Star and Daily Express. Northern & Shell also owns British television network Channel 5 as well as Portland TV which, in turn, owns the adult TV channels Television X, Red Hot TV, and others.
In 2010, Desmond was ranked the equal-57th richest man in Britain according to the Sunday Times Rich List, with a net worth of £950 million. He was once again listed on the 2011 Sunday Times Rich List, with his fortune still at £950 million. (http://en.wikipedia.org/wiki/Richard_Desmond)
This a well done profile of a highly successful man from humble beginnings.