Network Company President - New York City, NY at Teamshares

New York, New York, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Restaurant, Hospitality, Small BusinessIndustries

Requirements

Strong leadership background in multi-unit restaurant operations, with a proven track record of managing teams and operational processes
Ability to communicate clearly, problem solve, and ensure constructive collaboration with all employees
Demonstrated people management skills through past work experiences
Strong interpersonal and communication skills; low-ego
Entrepreneurial mindset and a desire to build
Proven project management and problem-solving skills, with a humble, roll-up-your-sleeves, get-it-done attitude
Business acumen and analytical skills to oversee company financials and develop business strategy
Growth-mindset and a willingness to explore new ideas and innovations; not afraid to learn from your mistakes
An open, agile mind (equally adept at thinking creatively/critically), with a flexible, generous spirit and natural bias to action
Ability to partner with stakeholders to establish a clear vision, define measurable KPIs, and develop a strategy to achieve financial goals

Responsibilities

Serve as president of a 3-location small business in the restaurant industry
Determine and be responsible for all business strategy, operations, and P&L management
Lead an experienced team of existing employee owners
Work with the fractional controller and bookkeeper to make decisions about ongoing expenses and capital purchases, gaining efficiencies, and developing business metrics
Grow the business through marketing, outreach, and developing new product lines and revenue streams
Handle HR personnel matters, staff disputes, employee performance, job reviews, raises, and bonuses
Analyze business methods and practices, and promote team and growth opportunities
Develop relationships with guests, vendors, and partners
Work with Teamshares and fellow shareholders throughout the transition to employee ownership, coaching and partnering with them to understand how adopting an owner’s mindset drives better business outcomes and company culture
Be a growth leader who enjoys working with employee owners to improve company operations and expand revenue opportunities

Skills

P&L Management

Business Strategy

Operations Management

Revenue Growth

Profitability Improvement

Team Leadership

Financial Analysis

HR Management

Marketing

Product Development

Teamshares

Facilitates employee ownership of small businesses

About Teamshares

Teamshares facilitates employee ownership of small businesses, focusing on 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.

New York City, New YorkHeadquarters

2019Year Founded

$214.3MTotal Funding

DEBTCompany Stage

Fintech, Social ImpactIndustries

51-200Employees

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

Risks

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.

Differentiation

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.

Upsides

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.

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