Network Company President - Pawtucket, RI

Pawtucket, Rhode Island, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Food & Agriculture, ConsultingIndustries

Requirements

Candidates should possess extensive experience in catering and food service operations, with a strong track record of success. They should also have experience in business strategy, operations, and P&L management, as well as demonstrated leadership skills and the ability to collaborate with a team of existing employee owners.

Responsibilities

The Network Company President will serve as the president of a small catering business, determining and managing all aspects of business strategy, operations, and P&L management. They will lead an experienced team of employee owners, collaborating on financial decisions, driving business growth through marketing and new product development, handling HR responsibilities, analyzing business practices, and fostering a positive company culture. Additionally, the president will be responsible for transitioning the business to employee ownership, coaching and partnering with shareholders, and occasionally performing manual work to support business needs, while also investing in the local community and building relationships with customers and partners.

Skills

P&L Management

Business Strategy

Operations

Marketing

Financial Decisions

Team Leadership

Employee Ownership

Business Growth

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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