Full-Time

Network Company President

Greater NYC

Posted on 8/28/2024

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Senior, Expert

New York, NY, USA

Position requires onsite presence in New York City.

Category
Project Management
Strategy Development
Business Development
Business & Strategy
Required Skills
Sales
Financial analysis
Marketing
Business Strategy
Requirements
  • Proven Experience in Hospitality and Catering: Demonstrated success in the hospitality and catering industry with a strong ability to foster and maintain client relationships, close deals and generate new client leads.
  • Existing Network of Corporate Relationships: Leverage an established network of corporate relationships, particularly in the Greater NYC area, to identify new business opportunities and expand the client base.
  • Clear Communication and Collaboration: Ability to communicate effectively, solve problems, and foster constructive collaboration with all employees.
  • Demonstrated Leadership Skills: Proven people leadership abilities through previous work experiences, with strong interpersonal and communication skills and a low-ego approach.
  • Entrepreneurial Mindset: Possess an entrepreneurial spirit with a desire to build and innovate.
  • Project Management and Problem-Solving: Proven project management and problem-solving skills, coupled with a humble, hands-on, get-it-done attitude.
  • Business Acumen: Strong business acumen and analytical skills to oversee company financials and develop effective business strategies.
  • Growth Mindset: Embrace a growth mindset, with a willingness to explore new ideas, learn from mistakes, and innovate.
  • Agility and Flexibility: Demonstrate an open, agile mind, equally adept at thinking creatively and critically, with a flexible and generous spirit and a natural bias toward action.
  • Strategic Partnership: 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 catering industry
  • Determine/be responsible for all business strategy, operations, and P&L management
  • Lead an experienced team of existing employee owners
  • Building and Nurturing Strong Relationships: Cultivate and maintain strong relationships with current client base through proactive communication and personalized service. Understand each client’s unique needs and preferences to deliver tailored catering solutions that exceed expectations.
  • Driving Business Growth: Lead efforts to grow the business through marketing, outreach, and the development of new product lines and accounts.
  • Leverage your sales expertise in the catering or hospitality industry to identify and target new corporate clients.
  • Develop and implement strategies to expand market presence and increase reach.
  • Collaborating on Financial Decisions: Work closely with the bookkeeper to make informed decisions about ongoing expenses and capital purchases, optimize efficiencies, and develop business metrics.
  • Managing HR and Personnel Matters: Handle HR responsibilities, including staff disputes, employee performance evaluations, job reviews, raises, and bonuses.
  • Analyzing Business Practices: Analyze current business methods and practices, and promote opportunities for team development and growth.
  • Transitioning to Employee Ownership: 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.
  • Leading Growth Initiatives: 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 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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