After five years, employees can buy 1% equity for $10,000 and become partners with a say in profits. They reinvest earnings to buy more ownership stakes, building wealth instead of just collecting paychecks.
How do you attract the best employees? You don't make them employees, you make them partners. So the criteria to become a partner in the business is you need to have worked for the company for at least 5 years. All the other partners need to, uh, write off on you becoming a partner. Um, and you have to buy into the, the restaurant that you're becoming a partner in. But you have to put up at least 1%. Say it's worth $1 million, you have to come up with $10,000. Sounds like a familiar number, which is a low bar for a 20-something to like raise money. to then own stake in the business and then become an operating partner. And then they can put that profit away into a high-interest savings account. And then when they have enough to own, to purchase another percent, that, and this is how you build wealth.
