For those of you who aren’t familiar with it, The Profit is a business-oriented TV show on CNBC where famed entrepreneur and investor Marcus Lemonis goes into a struggling business and decides whether or not he wants to make a deal to invest in them. He studies the business’s financials and day-to-day operations while doing due diligence and then makes an offer for a certain percent of equity in the business. If the owner(s) agree to the deal, be assumes 100% control for the strategic decisions that need to be made and the business gets to join his successful portfolio of companies.
Here at the LionShark office we’ve been completely obsessed with the TV show The Profit lately. As we’ve been watching episode after episode of this show, we’ve noticed some great ideas that we want to pass along to our readers. So, for the month of March we’re excited to bring you a blog series dedicated to lessons that can be learned from Marcus Lemonis.
For those of you who aren’t familiar with it, The Profit is a business-oriented TV show on CNBC where famed entrepreneur and investor Marcus Lemonis goes into a struggling business and decides whether or not he wants to make a deal to invest in them. He studies the business’s financials and day-to-day operations while doing due diligence and then makes an offer for a certain percent of equity in the business. If the owner(s) agree to the deal, be assumes 100% control for the strategic decisions that need to be made and the business gets to join his successful portfolio of companies.
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