Author Topic: The Profit  (Read 5404 times)

MrCash

  • Stubble
  • **
  • Posts: 236
    • OurCashHouse
The Profit
« on: March 10, 2014, 10:14:55 AM »
Has anyone else been watching The Profit on CNBC?  As someone who would like to start a business at some point, I find it fascinating.  I think I've learned more about good business practices just by seeing how he deals with a failing business.

Michread

  • Stubble
  • **
  • Posts: 212
Re: The Profit
« Reply #1 on: March 10, 2014, 12:36:38 PM »
Never heard of it.

MrCash

  • Stubble
  • **
  • Posts: 236
    • OurCashHouse
Re: The Profit
« Reply #2 on: March 10, 2014, 01:50:36 PM »
Never heard of it.

It's a show that comes on around the same time as Shark Tank.  Basically Marcus Lemonis, a self made billionaire investor tried to revive failing businesses by investing and then taking control of the company for a week. 

soccerluvof4

  • Walrus Stache
  • *******
  • Posts: 7168
  • Location: Artic Midwest
  • Retired at 50
    • My Journal
Re: The Profit
« Reply #3 on: March 10, 2014, 02:00:51 PM »
Where i live you would have to have cable to get CNBC....we dont have CNBC. :-)

MrCash

  • Stubble
  • **
  • Posts: 236
    • OurCashHouse
Re: The Profit
« Reply #4 on: March 10, 2014, 02:08:01 PM »
Where i live you would have to have cable to get CNBC....we dont have CNBC. :-)

You can watch all the episodes online.  That's what I do.

Vitai Slade

  • Stubble
  • **
  • Posts: 114
  • Age: 34
Re: The Profit
« Reply #5 on: March 10, 2014, 02:08:56 PM »
Haven't seen it, but sounds interesting! I don't have CNBC either, but for those of you that want to watch it (myself included), it looks like you can watch it here: http://www.cnbc.com/live-tv/the-profit

projekt

  • Bristles
  • ***
  • Posts: 340
Re: The Profit
« Reply #6 on: March 16, 2014, 08:58:02 AM »
I've seen a couple episodes now. In some cases, he seems to do a good job being an angel investor who can remake a business. It's not clear in some cases how much of the business is still owned by the original owner.

In other cases, they make it seem like he did a great job, but when you add up the numbers, it's barely enough of a business to make it worth keeping the doors open. Sure, as a passive investor he will get his money back, but the active owner now is running fast for little reward.

The biggest problem I have with the show is that it spends too much time on emotional and interpersonal things and doesn't really educate the viewer on how businesses run. Conflating gross profit and net profit, for example.

Thegoblinchief

  • Guest
Re: The Profit
« Reply #7 on: March 16, 2014, 06:01:57 PM »
What's TV? ;)

wtjbatman

  • Handlebar Stache
  • *****
  • Posts: 1301
  • Age: 40
  • Location: Missouri
Re: The Profit
« Reply #8 on: March 16, 2014, 06:59:05 PM »
What's TV? ;)

Oh jeez. Can the anti-TV people ever keep themselves from posting in a thread about a TV show? The answer is nope, they can't ;)

I haven't seen it, but this reminds me of Bar Rescue, which I love. Jon Taffer takes over failing bars, renovates them, and retrains the staff and owners on how to run a successful business.

soccerluvof4

  • Walrus Stache
  • *******
  • Posts: 7168
  • Location: Artic Midwest
  • Retired at 50
    • My Journal
Re: The Profit
« Reply #9 on: March 17, 2014, 07:23:59 AM »
Thanks for Link! Will have to check it out. Not anit TV. Just the channels I would have to pay for!