Full-Time

Network Company President

Milwaukee, WI

Posted on 9/17/2024

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Senior, Expert

Milwaukee, WI, USA

Position requires onsite presence in Milwaukee, WI.

Category
Project Management
Strategy Development
Business Development
Business & Strategy
Required Skills
Marketing
Business Strategy
Data Analysis
Requirements
  • A strong background in restaurant operations, with a proven track record of managing teams and operational processes.
  • 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.
Responsibilities
  • Serve as president of two small businesses in the restaurant industry
  • Determine/be responsible for all business strategy, operations, and P&L management
  • Lead an experienced team of existing employee owners
  • Working with the bookkeeper to make decisions about ongoing expenses and capital purchases, gaining efficiencies, and developing business metrics.
  • Growing the business through marketing, outreach, and developing new product lines and accounts.
  • 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 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, particularly targeting 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 they acquire and manage, and they also offer 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. Their goal is to redistribute $10 billion of stock wealth to hardworking Americans, ensuring a smooth transition for retiring owners and empowering employees.

Company Stage

Debt Financing

Total Funding

$214.3M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

6%

1 year growth

0%

2 year growth

5%
Simplify Jobs

Simplify's Take

What believers are saying

  • Teamshares has acquired over 90 SMEs, creating 2,600 employee shareholders.
  • The $225 million debt financing boosts Teamshares' acquisition and transition plans.
  • Expansion into Japan opens new markets and opportunities for Teamshares.

What critics are saying

  • Increased competition from platforms like SKROL could challenge Teamshares' market position.
  • Expansion into Japan may expose Teamshares to unfamiliar regulatory environments.
  • 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.
  • The company uniquely targets retiring small business owners for acquisitions.
  • Teamshares provides proprietary software and financial education to acquired businesses.

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