Network Company President - Montclair, NJ

What is Teamshares?

Teamshares is one of America’s largest buyers of small businesses from retiring owners and is on a mission to make employee ownership the future of small business. We buy promising companies from retiring owners, gifting employees an immediate 10% ownership stake in the business, and supporting their ongoing growth through proprietary software, education, financial products and best-in-class leadership support. 

We're building a network of 10,000 employee-owned small businesses, creating $10 billion of stock wealth for wage workers and supporting generations of business owners into confident retirement. Together, we will reduce global wealth inequality while ensuring vital small businesses—and the communities they serve—continue to flourish.

We are looking for an entrepreneurial business leader who wants to serve as the Small Business President/CEO of two of our network companies in the New Jersey area in the restaurant industry. 

As a Teamshares network company president, you’ll be responsible for increasing profitability and successfully transitioning the business to employee ownership. You’ll run and work IN the business, including owning full P&L responsibility, business strategy, and operations. Additional information (https://www.teamshares.com).

What You Will Do:

• Serve as president of two small businesses in the restaurant industry
• Determine/be responsible for all business strategy, operations, and P&L management
• Lead an experienced team of existing employee owners

This includes:

• Working with the bookkeeper to make decisions about ongoing expenses and capital purchases, gaining efficiencies, and developing business metrics.
• Growing the business through marketing, outreach, and developing new product lines and accounts.
• Handling HR personnel matters, staff disputes, employee performance, job reviews, raises, and bonuses.
• Analyzing business methods and practices, and promoting team and growth opportunities.
• Developing relationships with customers, vendors, and partners.
• Working 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.
• Being a growth leader who enjoys working with employee owners to improve company operations and expand revenue opportunities.

What You Have:

• A strong background in 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 leadership 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.

As President of a Teamshares network company, you will receive:

• Equity stake both in the network company and in Teamshares
• Competitive salary and benefits
• Ongoing business and leadership development training throughout your tenure
• Access to quality medical/dental/vision benefit plans
• Paid parental leave