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The Game Changing Attorney Podcast with Michael Mogill

172. Marcus Lemonis — The Three Keys To Business: People, Process, and Product [Encore Edition]

The Game Changing Attorney Podcast with Michael Mogill

Michael Mogill

Business, Management, Entrepreneurship, Marketing

5.0539 Ratings

🗓️ 15 June 2023

⏱️ 53 minutes

🧾️ Download transcript

Summary

Marcus Lemonis is a remarkable business magnate, philanthropist, and the acclaimed star of CNBC's The Profit — and he’s the latest guest on The Game Changing Attorney Podcast. With a wealth of experience in entrepreneurship and investment, Marcus has garnered invaluable insights into fostering business growth and steering them towards success. Get ready to explore the essence of Marcus Lemonis beyond his public persona, discussing important topics such as: Prioritizing the happenings on the shop floor over boardroom discussions Managing a multi-million dollar corporation like a small family-owned business The importance of embracing and learning from your mistakes Links & Resources: Episode Shownotes Senator Bob Graham Wayne Huizenga Lee Iococa Auto Nation Camping World 8-track tape U.S. Securities and Exchange Commission The Profit (TV show) CRM

Transcript

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0:00.0

You know, the 12,000 or 13,000 employees that we have in the

0:06.0

Camping World in the size of the business is nothing more than extra zeros.

0:10.0

The principles behind running a small coffee shop and running a $7 billion business are ultimately the same.

0:18.0

Yes, the product you're selling is different and yes, there's a bigger system

0:21.5

and a bigger infrastructure. But the theories, I think, are relatively the same.

0:27.7

That's Marcus Limonis, renowned investor, serial entrepreneur, and the CEO of Camping World.

0:33.0

And I can think of probably 20 plus deals where I've lost $35 to $40 million. Gone. Never see it again.

0:42.9

And in many cases, to be honest with you, Michael, as I look back in my older self and I look back,

0:48.8

you know, five, six, seven years ago, I would say that some of that was largely my judgment.

0:53.9

Trusting in people that I shouldn my judgment, trusting in people that I

0:55.1

shouldn't have or investing in people that I shouldn't have.

0:57.7

And I'm here to tell you once and for all, I have zero regrets.

1:01.5

Zero.

1:06.5

I'm Michael Logel, founder and CEO of Crisp, the nation's number one law from growth company.

1:12.2

I've built my business through practice, not theory.

1:15.0

Crisp started with just $500 to my name and has grown to over eight figures in revenue

1:18.9

over the last few years, earning a spot on the Inc. 500 list of the fastest growing private

1:23.5

companies in America.

1:24.8

Our approach has been to take everything we've learned about generating massive growth within our own organization and help the country's most ambitious and committed

1:31.6

in law firm owners do the same for theirs. In each episode of this podcast, I sit down with

1:35.9

innovative market leaders from the legal industry and beyond to learn from those who thrive

1:40.3

in the face of adversity, challenge the status quo, and define what it means to be a true

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