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Marcus Lemonis, a serial entrepreneur and host of the show “The Profit” on CNBC, is a true survivor in the corporate world. The native-born Lebanese business man endured the chaos of a civil war in Beirut and eventually moved to Miami. Lemonis was exposed to the automotive industry throughout his upbringing - his grandfather owning two of the largest Chevrolet dealerships in the United States and Lee Iacocca serving as the family friend and later mentor to Lemonis. On page 12, we conducted an interview with “Profit” host Marcus Lemonis, who offers struggling small businesses capital investment and his expertise in exchange for an ownership stake in the company. In the latter part of the magazine, we interviewed countless wealth advisors during these tough economic times. We recognize that some of the changes in 2013 and 2014 require relevance for financial planners. Therefore, the financial industry continues to push for more realistic standards and reforms.

Marcus Lemonis, a serial entrepreneur and host of the show “The Profit” on CNBC, is a true survivor in the corporate world. The native-born Lebanese business man endured the chaos of a civil war in Beirut and eventually moved to Miami. Lemonis was exposed to the automotive industry throughout his upbringing - his grandfather owning two of the largest Chevrolet dealerships in the United States and Lee Iacocca serving as the family friend and later mentor to Lemonis. On page 12, we conducted an interview with “Profit” host Marcus Lemonis, who offers struggling small businesses capital investment and his expertise in exchange for an ownership stake in the company. In the latter part of the magazine, we interviewed countless wealth advisors during these tough economic times. We recognize that some of the changes in 2013 and 2014 require relevance for financial planners. Therefore, the financial industry continues to push for more realistic standards and reforms.

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eported by judy magness<br />

THE<br />

PROFIT<br />

Marcus Lemonis:<br />

A Miracle Worker<br />

Profit host, Marcus Lemonis grew up knowing<br />

that his parents adopted him when he was<br />

9-months old. Leo and Sophia Lemonis, a Greek<br />

couple living in Miami, Florida were open and<br />

honest with their son. They explained to him<br />

that he was born in war-torn Beirut, Lebanon,<br />

in the midst of civil unrest and foreign incursions<br />

in 1973. His parents told him endlessly<br />

that he was a blessing in their lives—a gift<br />

to them. And, as he grew up surrounded by<br />

their love and warmth, and with the understanding<br />

of the conditions they rescued<br />

him from as an infant, he felt it was he<br />

who had received the greatest gift.<br />

Perhaps, understanding Lemonis’ upbringing<br />

offers personal insight into the<br />

businessman America has recently come<br />

to know through the acclaimed reality series,<br />

“The Profit,” airing on CNBC. In it,<br />

Lemonis swoops in to save struggling businesses<br />

and invests his own time and money<br />

to do it. Following his parents’ example, Lemonis<br />

is candid with business owners about the viability<br />

of their troubled businesses. Holding nothing<br />

back, he tells them how they got there, and where<br />

they are headed if they stay on the same course.<br />

Avid viewers of the show can recite the self-created<br />

guiding principle Lemonis uses to evaluate of every<br />

business—People, process, and product.<br />

Lemonis wasn’t anointed as “The Profit” because<br />

his charm and good looks made him stand out at a<br />

casting call. He stood out to CNBC executives because<br />

he is chairman and CEO of Camping World,<br />

the country’s largest RV and outdoor retailer—and<br />

Good Sam, the largest RV owners’ organization in<br />

the world. And, he stood out because he is considered<br />

an entrepreneurial trailblazer with investments<br />

in over 100 other businesses. He stood out because<br />

he had his own TV show idea similar to the premise<br />

of The Profit. And, he stood out because he was<br />

willing to go on television and use his own money<br />

THE SUIT MAGAZINE p.13

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