“The Profit” is a popular business show hosted by Marcus Lemonis on CNBC that follows the even more popular business show “Shark Tank.” I happened on it a couple years ago when it first started and found it enjoyable enough to keep watching it. I like business shows, I like to see deals, and I’m always interested in seeing how other people evaluate deals. Lemonis judges businesses using his Principle of Three Ps: people, process, and product. This is a great principle, but it leaves out the details, which is where the devil hides, as they say. The principle sounds clever by condensing a…
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