Full-Time

Network Company President

Confirmed live in the last 24 hours

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Senior, Expert

Colorado Springs, CO, USA

Position requires onsite presence in Colorado Springs.

Category
Project Management
Business Development
Business & Strategy
Required Skills
Sales
Requirements
  • Hands-on experience in the retail industry
  • Proven experience in sales
  • Ability to communicate effectively
  • Demonstrated leadership skills
  • Possess an entrepreneurial mindset
  • Proven project management and problem-solving skills
  • Strong business acumen and analytical skills
  • Embrace a growth mindset
  • Demonstrate agility and flexibility
  • Ability to partner with stakeholders
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
  • Work closely with the bookkeeper to make informed decisions about ongoing expenses and capital purchases
  • 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
  • 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 to an outside buyer. 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 differentiates itself by recruiting mission-driven leaders for the acquired businesses and providing them with extensive training.

Company Stage

Debt Financing

Total Funding

$214.3M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Teamshares plans to expand into Japan, supported by major financial institutions.
  • The 'small business silver tsunami' offers significant acquisition opportunities for Teamshares.
  • Increased interest in employee ownership models supports Teamshares' mission and growth.

What critics are saying

  • Expansion into Japan may expose Teamshares to unfamiliar regulatory environments.
  • Increased competition from platforms like SKROL could challenge Teamshares' market position.
  • 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 with 84 acquisitions.
  • The company uniquely transitions 80% ownership to employees over 20 years.
  • Teamshares provides proprietary software, education, and financial products to acquired businesses.

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

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Company Match

401(k) Retirement Plan

Profit Sharing

Paid Parental Leave