The Profit is a top-rated show on CNBC. Each episode of The Profit shows the process of helping struggling businesses. Employees from hurting businesses are able to apply to receive aid from millionaire Marcus Lemonis. Lemonis invests in a company in an exchange for ownership; however, some businesses are too crippled for help. As a result, some deals are revoked or changed to better represent a company’s financial standings. If business owners refuse to cooperate with Lemonis’ rules, there is a high possibility that a deal will not be made.
Marcus Lemonis is an entrepreneur from Beirut, Lebanon. Perhaps it was his family-owned business that inspired him to start a lawn mowing service at the young age of 12. Soon after, Marquette University provided him with knowledge in political science, criminology and economics. Without any political experience, Lemonis ran for a seat in the Florida House of Representatives, only to lose in the election. But his experience was not totally useless. During this process, Lemonis was advised to involve himself in the camping and RV business, which started his investment-making career. It is reported that Lemonis has a net worth of $900 million. He has lost more than $3.5 million on the show by failed investments.
Before Lemonis invests in a business, he analyzes financial statistics of a business. This is how economics is used in The Profit. Accounts such as Accounts Payable, Revenue and Accounts Receivable are almost always addressed on each episode. An investment depends on this data; the investment and percent equity that Lemonis wants is calculated after configuring the company’s worth.
Marcus Lemonis is an entrepreneur from Beirut, Lebanon. Perhaps it was his family-owned business that inspired him to start a lawn mowing service at the young age of 12. Soon after, Marquette University provided him with knowledge in political science, criminology and economics. Without any political experience, Lemonis ran for a seat in the Florida House of Representatives, only to lose in the election. But his experience was not totally useless. During this process, Lemonis was advised to involve himself in the camping and RV business, which started his investment-making career. It is reported that Lemonis has a net worth of $900 million. He has lost more than $3.5 million on the show by failed investments.
Before Lemonis invests in a business, he analyzes financial statistics of a business. This is how economics is used in The Profit. Accounts such as Accounts Payable, Revenue and Accounts Receivable are almost always addressed on each episode. An investment depends on this data; the investment and percent equity that Lemonis wants is calculated after configuring the company’s worth.