Full-Time

Network Company President

Colorado Springs, CO

Posted on 11/15/2024

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Social Impact
Financial Services
Education

Senior, Expert

Colorado Springs, CO, USA

Position is onsite in Colorado Springs, CO.

Category
Project Management
Strategy Development
Business Development
Business & Strategy
Required Skills
Sales
Lead Generation
Marketing
Business Strategy
Requirements
  • hands-on experience in the retail industry
  • strong background in marketing and sales
  • demonstrated success in sales
  • ability to generate leads, close deals, and exceed sales targets
  • ability to communicate effectively
  • problem-solving skills
  • proven people leadership abilities
  • strong interpersonal and communication skills
  • entrepreneurial spirit
  • proven project management skills
  • strong business acumen and analytical skills
  • willingness to explore new ideas and learn from mistakes
  • ability to partner with stakeholders to establish a clear vision and define measurable KPIs
Responsibilities
  • Serve as president of a small business in the retail industry with five locations.
  • Determine/be responsible for all business strategy, operations, and P&L management
  • Lead an experienced team of existing employee owners
  • Develop and execute strategic sales initiatives to increase revenue across all five locations.
  • Identify new market opportunities, partnerships, and sales channels to enhance customer reach and maximize profitability.
  • Ensure exceptional customer experiences and brand consistency across locations.
  • Work closely with the bookkeeper to make informed decisions about ongoing expenses and capital purchases.
  • Optimize efficiencies and develop business metrics.
  • 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.
  • Coach and partner 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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