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Transcripts For CNBC The Profit 20240712

After dozens of investments and nearly 60 million spent, this is the profit, my top 10 rules for success. My name is Marcus Lemonis and i risk my own money to save struggling businesses. Lemonis were not going to wake up every morning wondering if we have a job, were going to wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings going to change. Everything. But i do it to save jobs and i do it to make money. This. Lets go to work. Is the profit. You know, ive been traveling this country and investing in Small Business for for more than four years now. And ive met hundreds of entrepreneurs, their employees, their families. And what im reminded of time and time again, is that everyone has a story. Theyre complex, they have their own passion, their own motivation, and their own reasons for doing what they do. Its something i always try to appreciate. But all that being said, ive met some real jerks, a lot of them. And so, my first rule when it com

Transcripts For CNBC The Profit 20240713

Its not always pretty. Ill take the shower. Jen, you take the toilet. I dont do the toilet in my own house. Really . But this is business. I do it to save jobs, and i do it to make money. This the profit. [upbeat music] ecome is an allnatural cleaning product started by Robin Kay Levine in 2006. With the partnership of her childhood friend jen mihajlov, a 12 owner, they built ecome up from a small, doityourself cleaning kit to a 17piece cleaning line, including doggrooming products. This product is sold nationwide at stores like whole foods and target, and last year they did a half a Million Dollars in sales, with only six employees. I personally use this product in my own home and find that it works extremely well. To stay in business, robin has leveraged friends and family to find every penny she can, and theyre nearly a half a Million Dollars in debt. Im really freaking out right now. Household cleaning is a multibilliondollar industry, and environmentally conscious products are bec

Transcripts For CNBC The Profit 20240713

Managing the people. And back them up with my own cash. Its not always pretty. First time you ever emptied out poop . But this is business. I do it to save jobs, and i do it to make money. This is the profit. La dogworks is an upscale dog boarding facility located in the heart of hollywood, california. Youre stinky dogs. Founded by Andrew Rosenthal in 2004, this 24hour full Service Center with 36 employees has everything from grooming to training. Sit. In a stateoftheart indoor dog park. This business generates 1. 3 million a year, but recently, their numbers have started to tumble. Sloppy business practices. I dont want to waste your time, and please dont waste mine. Together with lax management. Theres inventory missing . Well, you know, its hard to tell, because stuff slips through the cracks. Has driven down sales and piled up 150,000 of debt. You know, i could lose everything. If they dont make changes, this business will be forced to close its doors. Nearly 50 million households

Transcripts For DW Business 20240713

Ground is empowering women giving them the rule making them an agent of change. In. The female peacemakers stories where we sit on tangible. Its the most wonderful time of the year but not everyone gets to relax as retailers around the world wrap up their final christmas preparations we take a look behind the scenes at one Department Store. On the show the full boeing c. E. O. Charge how they track back or crisis management. This is business opera cause im Kate Ferguson welcome tis the season to be jolly have least for the 2000000000 people around the world getting ready to celebrate christmas its one of the most important events in the christian calendar and the highlights of the retail season but not everyone gets to relax from but mean all the way to here in berlin people work behind the scenes to ensure the rest of us get to enjoy some festive cheer. Wrapping presents 3 shifts a day thats all these employees do here at a Department Store in central berlin and the closer christmas l

Transcripts For CNBC The Profit 20240713

You dont how to treat people. Andrew oh, yeah, i do. Lemonis no. But today, im a proud partner in over a dozen companies. Stephanie whoo lemonis tonight, im gonna tell you how they do it my best deals, my worst deals. Steve id rather be in more debt than have you running my company. Lemonis this is the profit a progress report. My name is Marcus Lemonis. Change is difficult. And over the last 18 months, ive introduced you to 23 Small Businesses across this country, many of them in pretty bad shape. This is a bad scenario. Woman we dont have the money to pay them. Larissa just everything all the bills and everything thats just been piling up. Its just so much. Lemonis thats fine. And i fix failing businesses. Its been an interesting journey. Well, this looks a lot better in here. A tough one. I took you at your word gary bull[bleep] lemonis cause when each episode ends, my work is just beginning. There you go. To date, ive invested almost 20 million of my own money to help these Small B

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