771: Coffee with Eric and Friends-- Profit First and Partnership Agreements

<p>Today's episode is a recording of "Coffe with Eric" that took place last week. I don't normally publish these, but this one was special. This session of Coffee with Eric is a PERFECT example of how I envisioned them going down: Someone in my network (a listener) needed help. They reached out to one of my past guests (<a href= "https://restaurantunstoppable.com/kyle-inserra-la-la-taqueria/">Kyle Inserra</a>). Kyle made me aware of the listener's situation, and I invited the two of them to a session of Coffee with Eric to mesh it out. Plus, we popped off the session with a really great conversation around <a href= "https://www.restaurantunstoppablenetwork.com/plans/67237?bundle_token=2d4945f7d8590224d0001d0bed382fef&utm_source=manual"> Profit First</a>. Frankly, the conversation around Profit First was another reason why I thought this recording of Coffee with Eric would be great to share. With 2021 freshly upon us, you still have plenty of time to implement Profit First before the end of the month</p> <h2>Show notes…</h2> <h3>Calls to ACTION!!!</h3> <ul> <li>Subscribe to the <a href= "https://www.youtube.com/channel/UCJSERtxnAE3V7T9PQ19w_Og">Restaurant Unstoppable YouTube Channel</a></li> <li>Join the private <a href= "https://www.facebook.com/groups/493649961457862/">Unstoppable Facebook Group</a></li> <li>Join the email list! (Scroll Down to get the Vendor List!)</li> </ul> <p>In this episode, we discuss:</p> <ul> <li>The benefits of Profits First money management system</li> <li>Setting up your Profit First Checking Accounts</li> <li>What to consider including in your partnership agreement. </li> <li>Understanding that sweat equity holds value. </li> </ul> <h3 style="text-align: left;">Today's sponsor:</h3> <p><a href="https://www.7shifts.com/unstoppable">7shifts</a> is a modern labor management platform, designed by restaurateurs, for restaurateurs. Effectively labor management is more important than ever to ensure profitability and restaurant success. Trusted by over 400,000 restaurant professionals, 7shif