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Marcus Lemonis is a successful businessman and as a result is now a multi-millionaire. He now stars in the reality show The Profit. Although this is a reality show, and undoubtedly the content is managed in a way to create an interesting show, it does present real life business situations. He specializes in going into businesses which are experiencing problems, normally buying a share of the business, and under his management, turning the business around. He has invested millions of dollars in such a way in many businesses. His philosophy is that a profitable business depends upon success in three areas: people, product and process.

REQUIRED: Choose any episode of the show and describe how he used concepts and accounting principles to turn the business around.

PAPER SIZE: 2 pages