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Vision Quest is a typical example of what small businesses are like. They are typically started by a technician and not a manager. Larry is a wizard at designing and building sophisticated lighting systems but a loss at management. This eventually results in the company either plateauing or going i Read More

Marcus Lemonis Named One of America's Most Inspirational Entrepreneurs

How many more vanity startups, such as dating and photo-sharing apps, does the world really need? My hunch is that we are already over-stocked for the remainder of the century with these things. However, I can understand thei Read More

The Intervention

At the very end Marcus organizes an intervention for Mike so that he can hear from all his former employees why they left. The biggest issue appears to be that he breaks all his promises to people just as he reneged on his deal with Marcus.

Marcus then rides off into the suns Read More

Marcus develops a growth strategy for Goth candle-maker Wick'ed.

Background

The Burbank-based company was launched five years ago by spouses Mark and Sam(antha) Biren who own it 50/50. The company has never made a profit.

Financials

Marcus is met with resistance when he informs Mark an Read More

In addition to manager Joe coming across like an out of control hothead there's another issue that comes to light during Marcus' visit. Joe had a short affair with a female employee who he subsequently fired. This could lead to a potential sexual harassment suit against the company. Hopefully Marcu Read More

Michael Lewis's The Big Short

One of the best business books I have had the pleasure to read is The Big Short: Inside the Doomsday Machine which was written by one of the very best business writers working today, namely Michael Lewis. After starting it late last year I found it almost impossible Read More

I was very impressed, as I am sure you were, with the rapid growth of Sweet Pete's Candy. Pete and Allison are the kind of honest and hardworking people you really want to see do well in business.

Marcus initially purchased an old 22K s.f. mansion and moved the business in there. Since then sale Read More

I skate to where the puck is going to be, not where it is. - Wayne Gretzky

You need to always be a few steps ahead of everyone else in anticipating where the market and society as a whole are headed. This requires that you take time out to read about trends in your industry and figure out w Read More

Deal-making

With the counter-offer things suddenly got very interesting. The deal-maker in Marcus came out when counter-countered with accepting the 20% if he could get 10% of his principal paid back first every year. The 10% would have top priority. On top of that any remaining profits wold be Read More

Small Business Growth Strategy

Precise Graphics has the potential, according to Marcus, to grow to 50 million in sales. Some of this initial growth will result from Marcus utilizing the standard tycoon strategy of having other parts of his empire send business over to the new acquisition. (He hi Read More