Full-Time

Network Company President

Peoria, IL

Confirmed live in the last 24 hours

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Social Impact
Financial Services
Education

Senior, Expert

Peoria, IL, USA

Position is onsite in Peoria, IL.

Category
Project Management
Business Development
Business & Strategy
Required Skills
Inventory Management
Marketing
Business Strategy
Requirements
  • A strong background in operations, with a demonstrated ability to manage multi-unit locations, ensuring operational excellence, staff coordination, and seamless service delivery across all units.
  • Hands-on experience in mechanical or construction leadership roles and inventory management, or impactful operations leadership (such as military, logistics, field services, etc.) would also be highly advantageous.
  • Ability to communicate effectively, solve problems, and foster constructive collaboration with all employees.
  • Proven people leadership abilities through previous work experiences, with strong interpersonal and communication skills and a low-ego approach.
  • Possess an entrepreneurial spirit with a desire to build and innovate.
  • Proven project management and problem-solving skills, coupled with a humble, hands-on, get-it-done attitude.
  • Strong business acumen and analytical skills to oversee company financials and develop effective business strategies.
  • Embrace a growth mindset, with a willingness to explore new ideas, learn from mistakes, and innovate.
  • Demonstrate an open, agile mind, equally adept at thinking creatively and critically, with a flexible and generous spirit and a natural bias toward action.
  • Ability to partner with stakeholders to establish a clear vision, define measurable KPIs, and develop strategies to achieve financial goals.
Responsibilities
  • Serve as president of a small business in the outdoor power equipment industry with four locations.
  • Determine/be responsible for all business strategy, operations, and P&L management.
  • Lead an experienced team of existing employee owners.
  • Being able to commute to all four locations for operational support as relevant, and on-the-ground leadership presence.
  • Work closely with the bookkeeper to make informed decisions about ongoing expenses and capital purchases, optimize efficiencies, and develop business metrics.
  • Lead efforts to grow the business through marketing, outreach, and the development of new product lines and accounts.
  • Handle HR responsibilities, including staff disputes, employee performance evaluations, job reviews, raises, and bonuses.
  • Analyze current business methods and practices, and promote opportunities for team development and growth.
  • Invest in your local community, and build strong relationships with customers, vendors, and partners.
  • Collaborate with Teamshares and fellow shareholders during the transition to employee ownership, coaching and partnering to instill an owner’s mindset that drives better business outcomes and fosters a positive company culture.
  • Act as a growth leader, 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 recruits dedicated leaders to manage these businesses, ensuring they are well-trained and equipped to succeed.

Company Stage

N/A

Total Funding

$214.3M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

1%

1 year growth

-2%

2 year growth

6%
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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