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1
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- What would be the economic impact of an American business culture that
eagerly hired bootstrapping entrepreneurs?
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2
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- 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 startup
- Debt and/or equity financing is always a last choice option
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3
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- Small and new businesses are the largest contributors to economic
growth, job creation, and total employment.
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4
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- Macro economic research has confirmed that investments in education have
the highest ROI for fueling economic growth.
- There is a new contender for highest ROI:
- The employment of entrepreneurs who are “bootstrapping” a startup
company
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5
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- A gap in a bootstrapper’s ability to self-fund.
- An inability to:
- Cover personal survival needs
- Buying-back personal time to create sweat equity
- Purchase essential services and products for startup
- Occurs earlier than the “Valley of Death”
- Personal survival is an all consuming activity
- No freedom to create and build
- Takes a toll on relationships and family
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6
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7
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- Provide consistent employment for bootstrappers
- Match bootstrappers with an entrepreneur friendly employers
- Bootstrapper retains 80% to 90% of their contracted hourly rate*:
- JobStrap creates approximately 50% more cash flow for the bootstrapper
to be used for self-funding and building sweat equity.
- *Current market rates for contract job placement will deliver only 40%
to 70% of a contracted hourly rate.
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8
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- Bootstrappers deliver a unique value proposition.
- Typical traits and capabilities include:
- Highly focused on delivering value
- Purpose driven
- Opportunity creators
- Excellent problem-solvers
- Solution focused attitude
- Ingenious and resourceful
- Innovative and inspiring
- Bootstrappers are primary contributors to economic growth and to
creating new wealth.
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9
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- Promote JobStrap service
- Acquire and develop human capital inventories
- Match employers and bootstrappers
- Vet and validate both parties
- Manage a competitive selection process
- Provide resources and coaching to startups
- Manage payroll and provide healthcare benefits
- Monitor and report on:
- Job performance
- Startup milestones
- Corrective actions
- Fulfillment of commitments
- Aggregate JobStrap data
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10
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- Creates new jobs and new wealth by increasing:
- Volume of startups launched
- Rate of technology commercialization
- Speed to market
- Success rate of startups
- Reduces risk of future financial investments
- Protects a bootstrapper’s equity position
- Increases startup resilience:
- Reduces financial burden caused by debt financing
- Preserves owners equity for an unanticipated crisis
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11
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- Increased probability of accelerating:
- New solutions in operations and R&D
- New revenue and profit
- New market opportunities
- Innovative thinking
- Entrepreneurial thinking
- Employer participation in the JobStrap program creates an additional
positive economic impact that benefits everyone
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12
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13
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- Founder
- Neville Reynolds M.S.S.T.C.
- 15 years working in tech sector, service delivery, new products, business process
improvement, projects, relationship management, and technology startups.
- Advisory roles in technology commercialization, intellectual property
strategy, revenue generation, bootstrapping, venture packaging,
SBIR/STTR Federal Grants, Texas Emerging Technology Fund (ETF).
- Experience spans Fortune-size, mid-size, small and early stage
companies.
- Sales-Marketing
- Product Commercialization
- Client-Services Management
- Process Improvement Projects
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14
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- JobStrap
- Neville Reynolds, MSSTC
- (512) 796-8262
- NR@texas.net
- www.JobStrap.com
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