Last quote by Marcus Lemonis
Marcus Lemonis quotes
There are no accessories for sale, no point of sale and zero food. It's almost like they did the absolute bare minimum and said, Yeah, this is good enough.
Why get into a business that you're not excited about?
These people put their hard-earned money into this concept. When you start to put yourself in the position as the franchisor and you say to somebody, I'd like to take your money and then every month as you do business you're gonna pay me,' I don't give a s--t if he emails you at 4 in the morning.
He was barely collecting enough to cover the interest on the loan. He wasted little time building stores and pitching franchises and many folks bought in, but he had never actually proven the model.
If you change the philosophy, you change the way you think about earnings or you change the way you think about revenue, by definition, the results have a high likelihood of changing.
I think the fundamental challenge that a business has to really face when it's thinking about going public or not is: Are you going to change the way you think about the business, and your philosophy?
I notice that when I went on the roadshow, there were a lot of questions. Will you change this, and will you change that?
I'm not willing to take that chance.
I would probably acknowledge if I knew there was a sales organization doing these things, of course you'd have to resign.
If something like that happened in my own business, I would expect to be held accountable for it.
Yeah, I mean, I think in any business where there's activity that is just flat out wrong, somebody's got to go, and it starts from the top.
I don't know if there's been enough swiftness in determining how did it happen. It wasn't like five accounts were open.
This silent salesman has to be able to sell the product on its own.