Bootstrappers

Using JobStrap to your benefit


As a bootstrapper there are many ways you can use JobStrap to your benefit:

1. Create postings for work desired
2. Search for job openings
3. Submit applications for jobs
4. Apply to the Self-Fund Program
5. Make a contribution of time, effort, materials, services, or money
6. Receive assistance

Bootstrappers are entrepreneurs who self-fund the development and growth of their business startup by:

• Investing personal savings & cash
• Investing paychecks from employment
• Reinvesting revenue generated by their startup
• Debt and/or equity financing is always a last choice option

If you are a bootstapper who has not yet been accepted into the Self-Fund Program You can make a positive impact on the program and still receive assistance. Ways to help are:

1. Volunteering
2. Being a board member
3. Choosing JobStrap as your recruiter and employment placement service provider
4. Promoting and creating buzz about JobStrap's services and mission
5. Donations

Assistance is provided to bootstrappers in applying to, and preparing for, the Self-Fund Program. In addition, you may still be able to acquire some of the benefits provided by the Self-Fund Program. Details of these special class of benefits will be posted on this page as they become available. These benefits will be awarded based on merit and your contribution to JobStrap.

Is a program that provides solutions to address the underserved and the unmet needs of self-funding entrepreneuers. Self-funding entrepreneurs "bootstrappers" are individuals who use their own capital to fund their startup. In our definition, they fund their startup by working a job or an employment contract while building their startup. This is the life context in which JobStrap's services create a huge positive impact for bootstrappers.

JobStrap is a non-profit that delivers:

• Sustaining income to bootstrappers using revenue generated from its recruiting and employment services
  

• An accountability structure for bootstrappers that both accelerates the maturation of their startups and dramatically increases market successes.

What we do:

1. Provide consistent and stable employment for bootstrappers by matching bootstrappers with an entrepreneur friendly employers.
2. Work placements are optimized to meet the unique and personal needs of each bootstrapper. Optimization is defined as a bootstrapper being neither under-employed, unemployed, or over-employed. An example of optimization is 20 hours a week at $50 per hour. Working more hours leaves less time for building sweat equity. Less pay per hour will require more hours to be worked to cover personal financial obligations and survival needs.
3. The revenue generated by JobStrap is used pay the difference between the negotiated market rate and what would normally be left over for the new hire. Current market rates for contract job placement will deliver only 40% to 70% of a contracted hourly rate. White collar professionals receive on average 50% of their market rate. JobStrap funds the difference so that a bootstrapper retains 90% to 100% of their contracted hourly rate. JobStrap creates approximately 50% more income flow for the bootstrapper to be used for self-funding and building sweat equity.
4. Manage the competitive process for accepting bootstrappers into the JobStrap's Self-Fund Program. Bootstrappers are required to submit a project plan for their startup that has milestones, task due dates, performance metrics, description of startup concept. In addition the startup concept must be articulated to be both compelling and cogent in its alignment with the submitted project plan.
5. Monitor and report on the progress of bootstrappers in the Self-Fund Program. Monitoring is performed each week and reporting is delivered each month. Reports are delivered to each active employer of a bootstrapper. Intellectual property disclosures are not made unless provided for within an employment contract. In order to remain in the program, a bootstrapper must fulfill the intent of the project plan as well as deliver credible proof of accomplishment of milestones.
6. Promote the JobStrap Self-Fund Program to employers, job hunters, government, universities, and the community at large. Promote job listings and work being sought by applicants and bootstrappers.
7. Create additional revenue sources for funding (a) Expansion of program, (b) New service offerings, and (c) Bootstrapping initiatives.

The JobStrap Model

JobStrap's non-profit model is unique and profoundly elegant. To our knowledge there is nothing like it in the world. We help individuals find work and at the same time fund and incubate new startup companies. All you do is just let us help you find work as you would do with any other recruiter. The sole act of your being employed is leveraged to create an economic development impact that delivers an ROI to your community and to your country that is unmatched. No other known investment vehicle fuels economic development as efficiently as JobStrap's delivery model.

This is how we do it:

JobStrap uses the revenue generated from recruiting and employment services as its primary source of sustaining funding. The funding is used to fulfill two critical needs of self-funding entrepreneurs, "bootstrappers". WHEN these two critical needs are fulfilled the commercialization of new technologies and new services is dramatically accelerated and there is a corresponding increase in the rate of market successes.



Application Process:

In summary, you will be adhering to the commitments and procedures outlined above in the section titled "What we do:". Specifically, these terms are outlined in paragraphs "4." and "5.".

Contact us to begin a dialogue and your orientation process.

Please join us in creating jobs and prosperity for everyone.

Thank you.

Neville Reynolds
Founder/Executive Director