The Profit

The Profit: Jacob Maarse Florists

The second episode of The Profit about Jacob Maarse Florists of Pasadena, CA ends with one of the most unforgettable displays of immaturity (and worse) that you can ever expect to witness. While Hank Maarse isn’t the first or the last person to try to weasel out of an agreement, he certainly made the situation far worse by doing it on camera for a nationally televised reality series. People who renege on deals usually attempt to do so in private with minimal witnesses in case it ever ends up in court.

In a nutshell, Hank inherited the family florist business after his entrepreneurial father Jacob died in 2010. The business quickly turned into a money loser under the lackadaisical leadership of the 49 year old man-child. The only thing that has saved the business to date are a number of substantial cash infusions by Hank’s long-suffering mom. She does this not so much for Hank as for the legacy of her late husband.

Continue reading

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:

Continue reading

Here are a few additional articles on Marcus Lemonis

From the NY Times: A Savior Taking the Reins
On ‘The Profit,’ Marcus Lemonis Rescues Small Businesses

What Gordon Ramsay is to floundering restaurants, what Tabatha Coffey is to hair salons on the fritz — that’s what Marcus Lemonis aspires to be for any number of small businesses. Mr. Lemonis is the chairman and chief executive of Camping World, but also a jack-of-all-enterprises, spotting and stomping out inefficiencies in pursuit of profit.

Profit that Mr. Lemonis shares, naturally. “The Profit” is an extension of reality television’s long-running charitable impulse, but like the cheery moguls on ABC’s “Shark Tank,” Mr. Lemonis has skin in the game. He writes checks and takes temporary control, makes significant changes, then hopes his new partners can make him money.

His practices are politely predatory, feasting on small businesses that don’t have the resources to advance or to save themselves from eventual collapse. In the first two episodes, there’s an additional twist: the companies are run by the founders’ children, who are finding it hard to continue their parents’ legacies. These are enterprises ripe for takeover, and owners looking to fill an authority vacuum. (source)

Continue reading

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)

Continue reading

Your First 100 Million

I am ready to build something great. Where do I start? Right here.

Your First Million

Not ready yet for the big leagues? Then go work on your first million instead. Click here.

Send Me More Info

Tell me more about how I can grow my business faster with acquisitions and the occasional special offers.

Click here.

Categories

Protected by Copyscape Duplicate Content Check