The Profit In 10 Minutes: Stein Meats | CNBC Prime

"The Profit" episode "Stein Meats" is now available to watch in just 10 minutes! Watch full episodes of "The Profit" on demand now! Hear the Full Episode with The Profit Podcast: megaphone.link/CNBC4071064868
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About The Profit:
When Marcus Lemonis isn’t running his multi-billion dollar company, Camping World, he goes on the hunt for struggling businesses that are desperate for cash and ripe for a deal. In each one-hour episode of The Profit, Lemonis makes an offer that’s impossible to refuse; his cash for a piece of the business and a percentage of the profits. And once inside these companies, he’ll do almost anything to save the business and make himself a profit; even if it means firing the president, promoting the secretary or doing the work himself.
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The Profit In 10 Minutes: Stein Meats | CNBC Prime

[@fatlife8916]

There's a common pattern with failing businesses owners. 1) The business owners are completely unaware of their own business numbers 2) The business owners are ignorant, live in a bubble and fail to adapt. 3) The business owners make decisions based off emotion, biasness and arrogance instead of logic, facts and the market their in, 4) The business owners lack decent communication skills.

[@holmangarcia-turga5142]

100% agree, you couldn't resume it any better.

[@cm2324]

This is a whole book dubbed "4 Indicators of a failing Business Owner "

[@adiw888]

OMG I honestly thought I was the only one who saw this pattern

[@290revolver290]

You are so on point.

[@paradox5434]

Or it is passing generation

[@kamalakarkale5370]

These owners siting in their office chairs like a hen, waiting for the eggs to come out.

[@stevenobinator2229]

THESE GUYS WERE BOTH ARRESTED FOR REPACKAGING GARBAGE MEAT AT INFLATED PRICES, THEY COULD BOTH GET 20 YRS IN PRISON

[@AngryBeaver60]

Neither owner looked shocked when Marcus told them of the $3 million hole.

[@stevenobinator2229]

THESE GUYS WERE BOTH ARRESTED FOR REPACKAGING GARBAGE MEAT AT INFLATED PRICES, THEY COULD BOTH GET 20 YRS IN PRISON

[@LittleHatori]

When Marcus's accountant said, *I would run* HAHAHA HAHA

[@saint6563]

Bad Owners. Bad General Manager. Bad Accounting. Bad Payroll. What could go wrong?!?!

[@annawitte8571]

Yes

[@lessemo]

Yes

[@jamesandrews1130]

Great show the handshakes are driving me nuts.

[@boratforpresidant613]

@7:49 I need one of those dartboards

[@Realizinq]

Id love to see the full episode

[@danieltadros3262]

Someone lies to you once. He will lie again. Don't trust them. Walk away..

[@ziddi2603]

75 year old business doing $50 million in revenue and broke...is not a business. Sounds like another Sears, JCpenny!

[@harlyslamm2888]

sounds more like the zombie company the Fed have been trying to orchestrate in the last 10 years...

[@rogersmith7808]

The owners are either wildly incompetent or just flat out liars.

[@sultanerucakra]

jam looking for a whole episode...any have a link or the video?

[@estebanazcarragasada9386]

Magnificent Marcus Lemonis

[@flawaii-pines6858]

How did they not know what was in their bank acct??? LOL

[@DeRothschild]

They knew. These guys are con men.

[@flawaii-pines6858]

@@DeRothschild Yea,,, who wouldn't know this information?

[@tj.espygil4544]

They are incompetent.

[@philliptemple4534]

Marcus dodged a bullet. They may have ripped him off $200k but the two owners are currently looking at 20 years in jail each for fraud. If Marcus was a co-owner then he may have faced the slammer too. Phillip.

[@marcelnz]

How so 'fraud'?

[@philliptemple4534]

Google the company name. They were forging certification of cheaper meat as more prime cuts than they really were. Apparently a very serious offence. Phillip.

[@tysonatkins1990]

I like you but you dont gotta have your name twice lol. We get it your phillip temple

[@fawsya3924]

@@tysonatkins1990 Its ok that u dont understand Tyson, take care, Faw.

[@tysonatkins1990]

@@fawsya3924 you too take care friend cheers

[@mrwansabah]

Marcus is Savage, he evaluated the business at 2M and he acquired 50%. They could hire a business consultant for way less and 0 stock option and they will reach same results. NY full of them

[@marthamiramontes5516]

But technically he is an investor too.... at this point, having an business consultant is too late. Would probably tell them to declare bankruptcy, but yes, they should have done this way before and this business would be thriving

[@marcelnz]

Dear CNBC, give us the full show please. This is such a tease :(

[@jaketyler7088]

Dear marcelnz, pay for a CNBC subscription. This is supposed to be a tease :)

[@marcelnz]

@@jaketyler7088 thanks bro; I'm down under in New Zealand. NBC doesn't do us. They're a bit slow and a half.

[@jaketyler7088]

@@marcelnz It's also on Hulu and some other streaming platforms. I didn't register, but it looks like limited access on nbc.com possibly for free.

[@marcelnz]

@Daan Made in Holland ...to you. It's all new to me. ;-)

[@marcelnz]

@Daan Made in Holland well thank you very dutch ;-)

[@ogilloc]

Why does the calendar in the CEO office saying 2013? Was this episode done in 2013?

[@scottyhaines4226]

Yep. Company went out of business in 2014 then the owners got sued and arrested for wire fraud

[@tj.espygil4544]

Yes. This must be from Season 1. Season 8 had eight episodes which aired in early 2021. CNBC just reran all these eight episodes in this month, December. This is such a great show and Marcus is a fantastic business man. Plus he went to college in my home town.

[@NoName-zb1gm]

The two owners never gave Marcus the rights to Brooklyn Burger. This was a good episode because it was a real business not some little one man operation with 2 employees that we see in later episodes.

[@mritunjaymahan6988]

Where can I get full episodes

[@tashtant]

Why are all these reality shows are so dramatized with the 90s stock music? We’re in 2020.

[@rwnorris24]

How is a check and cameras going to change the meat unions?

[@rwnorris24]

@2:11 Kate Spade bag.

[@suwardisuwardi3162]

baik

[@stevenobinator2229]

THESE GUYS WERE BOTH ARRESTED FOR REPACKAGING GARBAGE MEAT AT INFLATED PRICES, THEY COULD BOTH GET 20 YRS IN PRISON

[@mrbond9882]

Never in my life have I taken a pay cut nor will I. I'll be homeless before I'm told "you're worth less"

[@tesoro7788]

would you rather get fired than take a pay cut ?

[@mrbond9882]

@@tesoro7788 yes

[@Kevin-qf2mm]

@@mrbond9882 you’re just like the business owners who aren’t able to take constructive criticism and would rather lose everything than hurt your ego and grow as a person

[@mrbond9882]

@@Kevin-qf2mm don't like my buisness? Get out. Probably hundreds if not thousands of other people who'll take your buisness. People are too comfortable & want the world to turn at their dial. I'm good

[@antoniojosebellomartinez2842]

@@tesoro7788yes

[@gsingh4700gs]

He doesn't just hand out money? Could have fooled me.

[@bradlafferty6076]

Does Brooklyn Burger sell discount Kangaroos meat?

[@Residentstrangr]

Half ownership of a 50 million dollar business for 1 million? Whattttttt

[@matthew9677]

Cash flow vs revenue

[@rudragamingshots7802]

How is boos here

[@verycoldice4]

Runnnnnnnnnnnnnn

[@ruyboxe]

these are the ones who "scammed" Marcus

[@lordmaster2562]

Its out of business for Many years

[@PlayMyMusicPlaylist]

Don't do credit, do everything in cash. Sell only in cash, b2b and b2c. It's 2020

[@johnzenger7880]

Yeah -Short sighted new Yawwwk horsecrap...and they failed after all eh? ewshould have seen it coming. marcus is crazy for signing the check...

[@thor4644]

he lost his money on this one bankrupt

[@zusiphesikayi2390]

The owners actually got arrested

[@DeRothschild]

Zusiphe Sikayi evidence?

[@bradlafferty6076]

@@zusiphesikayi2390I hope I didn’t eat there meats

[@streetpreacher7176]

He Should invest in my KZbin channel 😏