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

Albuquerque, NM, USA

Position is onsite in Albuquerque, NM.

Category
Project Management
Business Development
Business & Strategy
Required Skills
Marketing
Requirements
  • Extensive experience in production operations or sales/account management: a track record of driving efficiency, and demonstrating strong leadership, problem-solving, and relationship-building skills to drive operational excellence and achieve business goals.
  • 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 manufacturing 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.

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.

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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