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

Schenectady, NY, USA

Category
Project Management
Business Development
Business & Strategy
Required Skills
Financial analysis
Marketing

You match the following Teamshares's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Demonstrated expertise in managing operations and logistics
  • Strong track record of driving business development and marketing initiatives
  • Proven capability to prioritize and delegate tasks based on urgency and impact
  • Ability to communicate effectively, solve problems, and foster constructive collaboration with all employees
  • Proven people leadership abilities with strong interpersonal and communication skills
  • Possess an entrepreneurial spirit with a desire to build and innovate
  • Proven project management and problem-solving skills
  • Strong business acumen and analytical skills to oversee company financials
  • Embrace a growth mindset, with a willingness to explore new ideas and learn from mistakes
  • Demonstrate an open, agile mind, with a flexible and generous spirit
  • Ability to partner with stakeholders to establish a clear vision and develop strategies to achieve financial goals
Responsibilities
  • Serve as president of a small business in the e-commerce and retail industry
  • Determine/be responsible for all business strategy, operations, and P&L management
  • Lead an experienced team of existing employee owners
  • Collaborate on Financial Decisions
  • Drive Business Growth
  • Manage HR and Personnel Matters
  • Analyze Business Practices
  • Relationship management
  • Transitioning to Employee Ownership
  • Leading Growth Initiatives

Teamshares facilitates employee ownership of small businesses, specifically targeting those whose owners are retiring. The company buys these businesses and gradually transfers ownership to employees, starting with 10% of the stock and increasing to 80% over 20 years. This model helps ensure 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. Their goal is to redistribute $10 billion of stock wealth to hardworking Americans, supporting both the financial stability of employees and the local economy by preserving valuable businesses.

Company Stage

Debt Financing

Total Funding

$214.3M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

3%

1 year growth

2%

2 year growth

3%
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.

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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