The Profit

Television Show: The Profit (2016). On this CNBC Prime show, self-made millionaire and serial entrepreneur Marcus Lemonis lends his expertise to struggling businesses in various industries across the country by focusing on his oft-stated keys to success – people, process, and product – the three Ps.

Serving as his own host, Lemonis analyzes businesses by what I believe is the most important factor, the quality of people; by identifying the best possible process for creating, delivering, and selling the particular product; and discerning if the owners are in possession of a truly relevant product.

The Profit

The premise of the show is that if Lemonis likes the business based on his assessment utilizing the three Ps, he makes an offer to become a partner … for a price. His offers typically involve three components: providing cash to his new partners (typically used to settle outstanding debt), taking a percentage of the company, and the condition that he be 100% in charge while getting the business reoriented and set up according to his vision.

The Profit airs new shows on Tuesdays at 10:00P ET and past shows are available for streaming via the CNBC app.

Blogger-in-Chief here at RetirementSavvy and author of Sin City Greed, Cream City Hustle and RENDEZVOUS WITH RETIREMENT: A Guide to Getting Fiscally Fit.

4 Comments

  1. As much as they usually over dramatise these programs, there is often some valuable information hiding behind the dramatic music and camera angles. You just have to look beyond the facade that is the entertainment factor of these shows to find that value.

    • Indeed. While there are certainly some things played for dramatic effect, the guidance he offers always strikes me as spot on.

  2. Thanks for mentioning this show, James. I actually hadn’t heard of it before. But it sounds like a really interesting and entertaining way to learn about real businesses with a front-row seat. I will make a note to check it out this weekend. Thanks again!

    • Definitely check it out. Marcus is a very savvy guy who dispenses great advice and provides sound leadership.

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