Full-Time

Network Company President

Monterey, CA

Posted on 7/16/2024

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Senior, Expert

Monterey, CA, USA

Category
Project Management
Business Development
Business & Strategy
Required Skills
Agile
Sales
Communications
Marketing
Business Strategy
Requirements
  • Proven expertise in growth and strategy, combined with a proactive approach to cultivating external business partnerships and driving revenue expansion.
  • Demonstrated experience in monitoring financial performance against targets and implementing necessary adjustments to achieve organizational objectives.
  • Ability to communicate clearly, problem solve, and ensure constructive collaboration with all employees.
  • Demonstrated people leadership skills through past work experiences.Strong interpersonal and communication skills; low-ego.
  • Entrepreneurial mindset and a desire to build.
  • Proven project management and problem-solving skills, with a humble, roll-up-your-sleeves, get-it-done attitude.
  • Business acumen and analytical skills to oversee company financials and develop business strategy.
  • Growth-mindset and a willingness to explore new ideas and innovations; not afraid to learn from your mistakes.
  • An open, agile mind (equally adept at thinking creatively/critically), with a flexible, generous spirit and natural bias to action.
  • Ability to partner with stakeholders to establish a clear vision, define measurable KPIs, and develop a strategy to achieve financial goals.
  • The ideal candidate will possess hands-on experience in the retail industry. A background in marketing and sales would also be highly advantageous.
Responsibilities
  • Serve as president of a small business in the retail industry.
  • Determine/be responsible for all business strategy, operations, and P&L management.
  • Lead an experienced team of existing employee owners.
  • Developing and leading a team to grow the business through marketing, outreach, and developing new product lines and accounts.
  • Managing cash flow and bill pay, working with bookkeeper to make decisions about ongoing expenses and capital purchases, gaining efficiencies, and developing business metrics.
  • Handling HR personnel matters, staff disputes, employee performance, job reviews, raises, and bonuses.
  • Analyzing business methods and practices, and promoting team and growth opportunities.
  • Developing and maintaining relationships with customers, vendors, and partners.
  • Working with Teamshares and fellow shareholders throughout the transition to employee ownership, coaching and partnering with them to understand how adopting an owner’s mindset drives better business outcomes and company culture.
  • Being a growth leader who enjoys working with employee owners to improve company operations and expand revenue opportunities.

Teamshares facilitates employee ownership of small businesses, focusing on those whose owners are nearing retirement. The company purchases these businesses and gradually transfers ownership to the employees, starting with 10% of the stock and increasing to 80% over 20 years. This approach helps maintain business continuity and prevents job losses that can occur when a business is sold or closed. Teamshares generates revenue from the profits of the businesses it acquires and also offers proprietary software, education, and financial products. By promoting employee ownership, Teamshares not only supports the financial stability of employees but also strengthens the local economy by preserving small businesses. The company differentiates itself by recruiting mission-driven leaders for the acquired businesses and providing them with extensive training.

Company Stage

Debt Financing

Total Funding

$214.3M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Teamshares plans to expand into Japan, supported by major financial institutions.
  • The 'small business silver tsunami' offers significant acquisition opportunities for Teamshares.
  • Increased interest in employee ownership models supports Teamshares' mission and growth.

What critics are saying

  • Expansion into Japan may expose Teamshares to unfamiliar regulatory environments.
  • Increased competition from platforms like SKROL could challenge Teamshares' market position.
  • Reliance on debt financing could increase financial risk if businesses underperform.

What makes Teamshares unique

  • Teamshares is a market leader in small business employee ownership with 84 acquisitions.
  • The company uniquely transitions 80% ownership to employees over 20 years.
  • Teamshares provides proprietary software, education, and financial products to acquired businesses.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Company Match

401(k) Retirement Plan

Profit Sharing

Paid Parental Leave

INACTIVE