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Full-Time

Network Company President

NYC

Posted on 6/28/2024

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Real Estate

Mid, Senior

New York, NY, USA

Category
Business Development
Business & Strategy
Required Skills
Agile
Communications
Marketing
Business Strategy
Requirements
  • Strong background in restaurant operations
  • Proven track record of managing teams and operational processes
  • Demonstrated people leadership skills
  • Strong interpersonal and communication skills
  • Entrepreneurial mindset
  • Proven project management and problem-solving skills
  • Business acumen and analytical skills
  • Growth-mindset
  • Open, agile mind
  • Ability to partner with stakeholders
Responsibilities
  • Serve as president of a 3 location small business in the restaurant industry
  • Determine/be responsible for all business strategy, operations, and P&L management
  • Lead an experienced team of existing employee owners
  • Work with the bookkeeper to make decisions about ongoing expenses and capital purchases
  • Grow the business through marketing, outreach, and developing new product lines and accounts
  • Handle HR personnel matters, staff disputes, employee performance, job reviews, raises, and bonuses
  • Analyze business methods and practices, and promote team and growth opportunities
  • Develop relationships with customers, vendors, and partners
  • Work with Teamshares and fellow shareholders throughout the transition to employee ownership
  • Be a growth leader who enjoys working with employee owners to improve company operations and expand revenue opportunities

Teamshares facilitates employee ownership of small businesses, particularly targeting those whose owners are nearing retirement. The platform buys 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 focuses on recruiting dedicated leaders to manage these businesses, ensuring they are well-trained and equipped to succeed.

Company Stage

Series D

Total Funding

$320.7M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

-5%

1 year growth

-10%

2 year growth

22%
Simplify Jobs

Simplify's Take

What believers are saying

  • Teamshares' recent $245 million in venture capital funding highlights strong investor confidence and provides significant resources for growth.
  • The company's mission-driven approach and focus on employee ownership can lead to high employee morale and retention.
  • Teamshares' model of recruiting and training mission-driven presidents ensures strong leadership for acquired businesses, promoting stability and growth.

What critics are saying

  • The gradual stock transfer model may face challenges in maintaining employee engagement and motivation over the long term.
  • The niche focus on small businesses with retiring owners could limit market opportunities and scalability.

What makes Teamshares unique

  • Teamshares uniquely focuses on facilitating employee ownership of small businesses, a niche market often overlooked by traditional business acquisition firms.
  • Their gradual stock transfer model ensures business continuity and job preservation, unlike competitors who may prioritize immediate returns.
  • The company's proprietary software, education, and financial products provide additional value to employees, setting them apart from other business acquisition platforms.
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