Full-Time

Network Company President

Waco, TX

Posted on 10/10/2024

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Senior, Expert

Waco, TX, USA

Position is onsite in Waco, TX.

Category
Project Management
Business Development
Business & Strategy
Required Skills
Sales
Marketing
Business Strategy
Requirements
  • hands-on experience in plumbing and/or construction leadership roles
  • background in impactful operations leadership (such as military, logistics, field services, etc.)
  • Proven expertise in marketing and sales
  • ability to communicate effectively
  • solve problems
  • foster constructive collaboration with all employees
  • Proven people leadership abilities through previous work experiences
  • strong interpersonal and communication skills
  • low-ego approach
  • entrepreneurial spirit with a desire to build and innovate
  • Proven project management and problem-solving skills
  • humble, hands-on, get-it-done attitude
  • strong business acumen and analytical skills
  • willingness to explore new ideas
  • learn from mistakes
  • innovate
  • open, agile mind
  • thinking creatively and critically
  • flexible and generous spirit
  • natural bias toward action
  • ability to partner with stakeholders to establish a clear vision
  • define measurable KPIs
  • develop strategies to achieve financial goals
Responsibilities
  • Serve as president of a small business in the plumbing industry
  • Determine/be responsible for all business strategy, operations, and P&L management
  • Lead an experienced team of existing employee owners
  • 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.
  • Driving Business Growth: Lead efforts to grow the business through marketing, outreach, and the development of new product lines and accounts.
  • 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.
  • Relationship management: invest in your local community, and build strong relationships with customers, vendors, and partners.
  • 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.
  • Small businesses sometimes require going above and beyond, and being a plumbing company this may require occasionally rolling up your sleeves and manual work to get the job done.

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.

Help us improve and share your feedback! Did you find this helpful?

INACTIVE