The profit for several years now. And ive done a lot of deals with a ton of businesses. We have a deal . We got a deal. Partner . I think most people are under the impression that if the deal ends well, then its, like, millions for everybody and its going to be great. Wow. Congratulations, guys. Thanks again. Get your ass to work. It just wasnt true. Im not sure who to be pissed at myself for doing the deal, or you guys for letting this stuff just sit here. In order to understand how i look at wins and losses, i have to probably define for you how i look at them. A win isnt always about money. It can be somebodys personal development, it can be fulfillment. But its mostly about the money. In the case of the losses, its about losing money, right . But, its also about things that sometimes just piss me off. So, in the case of patrick dilascia, i lost money and he pissed me off. Which is why dilascia definitely falls in the loss category. Dilascia made graphic tees. Lemonis ive seen it at
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 comes to success in business, dont be an ass. Thats really t
Patrick, youre a lucky guy. I know im lucky. But i would do anything for them, too. My initial deal was to infuse 200,000 into the business to clear some of the payables and to reinvest that money into a broader inventory. I like this as a lightweight hoodie. So its like a tshirt. Yeah. Lemonis but, throughout the episode, im really struggling with patricks willingness to change willingness to listen. How much would this retail for . What would you pay for it . 75 . I cant believe you said 75 for that were not at forever 21 anymore. And theres one particular moment that i never revealed. I have an artist friend named rolland berry. And one day rolland called me, and rolland said, theres a history between patrick and i. I actually am the one who started the business. Im telling you this as your friend. Walk away now. I was shocked to hear this. So i brought patrick to rollands warehouse. Through my experience with him, ive felt like i didnt always get the whole story. And then, also, i
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
Travis, allison, pete, and myself, well be partners in this business. And make some painful decisions. You want me to work a deal out with the landlord so it lets parlour off the hook . Paul yeah. Lemonis great. No. Because if i dont, both farrells and my money will be gone. Forever. My name is marcus lemonis, and i risk my own money to save struggling businesses. 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. Everything is going to change. Everything. But i do it to save jobs, and i do it to make money. This is the profit. Last year, i visited farrells ice cream parlour. Hi. A oncethriving National Chain that closed its doors in the 90s. This place is awesome. And was reopened in 2010 by mike fleming and paul kramer. This is really what you guys are known for, giant ice cream sundaes. Paul it is. Lemonis the new owners wasted no time in opening up new locations. When