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Lets Work
Ubicación
GOAL: To create an economically compelling and self-sustaining microfinance barter program, that provides the products and services a small business requires. This will stimulate and help expanded small businesses in a given community and provided them with the resources they need to maintain and build their business with the hopes of hiring and retaining more employees.
Sobre ti
Sección 1: Tú
Nombre
Todd
Apellido
Bol
Website URL
Organization
Care-Forth
Country
Estados Unidos, WI
Sección 2: Tu organización
Nombre de la organización
Care-Forth
Sitio web de la organización
Teléfono de la organización
Dirección de la organización
Tu organización es
Empresa
País de la organización
Estados Unidos
tu idea
Name Your Project
Lets Work
Country and state your work focuses on
Estados Unidos, XX
Describe Your Idea
GOAL: To create an economically compelling and self-sustaining microfinance barter program, that provides the products and services a small business requires. This will stimulate and help expanded small businesses in a given community and provided them with the resources they need to maintain and build their business with the hopes of hiring and retaining more employees.
Website URL
Innovación
What makes your idea unique?
Value Proposition: Whenever we have experienced a major physical disaster such as Hurricane Katrina or 9/11, Americans have stepped up and helped people get back on their feet. Charitable contributions are a valued part of the American tradition. These days we are continually reminded that right here in the United States, many of our neighbors need jobs but we are frustrated because we think jobs must be created as they’ve always been, within the normal monetary-based economy, which just isn’t working well for a lot of people right now. What if we stepped outside that paradigm and looked for another way? LET’S WORK is a viable solution that people of all political and religious persuasions can support and that can visibly improve the economy in their communities, and beyond.
Do you have a patent for this idea?
Impacto
Esta presentación se trata de
What impact have you had?
Methodology: The use of traditional trade exchanges, software, monitoring and sales support systems in collaboration with donations and investments from nonprofits, foundations, businesses and individuals to stimulate the local economy.
• As a nonprofit, LET’S WORK would seek out donations in the form of time, inventories, gift certificates, trade credits and items of value and/or cash as forms of donation and investment.
• LET’S WORK would accept items, services, inventories or cash, and convert them via trade exchanges throughout the United States to products and services that small businesses could use in their day-to-day operations.
• LET’S WORK would then make available lines of credit from several thousand dollars to $50,000 in dollar equivalent trade credit (DETC) to small businesses in a defined community.
• LET’S WORK would accept payment from microloan customers in services or products they produce on a defined quarterly return schedule. For example, if a restaurant received a $10,000 line of DETC, in return, the restaurant could contractually agree to pay in restaurant scrip on a quarterly basis.
• In return, LET’S WORK would reinvest the payables from the loan to other appropriate small businesses in the community.
• It would be the goal of LET’S WORK to use the initial investments with at least a factor of ten; a $1,000 investment would be used at least 10 times to create $10,000 in added value to the community.
Problem
LET’S WORK’s management team has a core background in running, designing and developing trade exchanges. It also has a long history of involvement in international barter and alternative currencies to help underserved communities.
LET’S WORK is an effort to combine the mechanisms and functionality of a trade exchange and the charitable mission and tax deductible nature of a non-profit to stimulate small business in a community. The idea is to create more work and more jobs by using pent-up and available excess capacity, including available labor as a payment vehicle to stimulate the economy
Actions
Preliminary Thoughts on Putting These Ideas into Operation
• LET’S WORK would join the local trade exchanges in a given market.
• The local trade exchange would agree to a contract with LET’S WORK and follow an agreed-upon marketing and sales program specifically designed for LET’S WORK and their community.
• LET’S WORK would partner with appropriate charities and for-profits in the market, such as Goodwill Industries, Salvation Army, United Way, hospitals, churches and schools to seek investment donors and participants.
• LET’S WORK would accept donations in the form of cash, trade, trade credits, gift certificates, and products and services from charity and trade exchange solicitations and existing customers.
•
Results
Loan Process
What will it take for your project to be successful over the next three years? Please address each year separately, if possible.
Approximately 300 words left (2400 characters).
What would prevent your project from being a success?
Approximately 250 words left (2000 characters).
How many people will your project serve annually?
Más de 10,000
What is the average monthly household income in your target community, in US Dollars?
More than $4000
Does your project seek to have an impact on public policy?
Sustenibilidad
¿En qué fase está el proyecto?
Fase de idea
In what country?
Estados Unidos, XX
Is your initiative connected to an established organization?
If yes, provide organization name.
How long has this organization been operating?
Menos de un año
Does your organization have a Board of Directors or an Advisory Board?
Sí
Does your organization have any non-monetary partnerships with NGOs?
Sí
Does your organization have any non-monetary partnerships with businesses?
Sí
Does your organization have any non-monetary partnerships with government?
Sí
Please tell us more about how these partnerships are critical to the success of your innovation.
I have 25 plus year in international business with a wide and diverse connection base with business, goverment and NGO's. I am constantly developing models and showing them to my contact base. I have been a professional social business model designer for many years.
What are the three most important actions needed to grow your initiative or organization?
Key minds in business and the social sector to further build the model and produce a business plan for the market.
La historia
What was the defining moment that led you to this innovation?
Since I had significant experience in designing new economic compelling models coupled with a strong background in barter and countertrade, I had several friends ask me how would I design a model that utilized barter exchanges, non-profits to stimulate and build small business. I designed a model Lets Work with the following value proposition.
Value Proposition: Whenever we have experienced a major physical disaster such as Hurricane Katrina or 9/11, Americans have stepped up and helped people get back on their feet. Charitable contributions are a valued part of the American tradition. These days we are continually reminded that right here in the United States, many of our neighbors need jobs but we are frustrated because we think jobs must be created as they’ve always been, within the normal monetary-based economy, which just isn’t working well for a lot of people right now. What if we stepped outside that paradigm and looked for another way? LET’S WORK is a viable solution that people of all political and religious persuasions can support and that can visibly improve the economy in their communities, and beyond.
Tell us about the social innovator behind this idea.
400 words or fewer
Market driven social entrepreneur with the ability to create self sustaining models. I am able to visualize the logical conclusion to complex problems by fashioning reasonable, sequential steps necessary to achieve the desired results. An illustration of this problem solving skill is when I designed a sustainable model to reverse the global nursing crisis. This crisis paralleled the deforestation of the rain forest. Both problems could be solved using an ecological model. Viewing Nursing Professors as an endangered species, I designed a model to accelerate the creation of more nursing professors which would lead to increasing the capacity in nursing schools, which in turn leads to more nurses. This creative solution resulted in the formation of Global Scholarship Alliance (GSA) which has secured funding for over 500 nurses to-date and is the largest provider of scholarships for advance studies in nursing.
I’ve been told that where others see brick walls, I see a multitude of solutions to the problem.
As the economy tightens the need for creative financing models accelerate. By utilizing countertrade methodologies, I have been able to turn a loss of a commodity sale into a profitable scenario with increased margin. By design, the creative steps that are necessary to complete a countertrade transaction of this kind often produce less risk and exposure than traditional sales scenarios.
Clients have said that I have the characteristics of a transformational leader who can crystallize a vision with greater clarity, have more people see it, support it, align with it, contribute to it and join its final creation. My approach is to generate new win/win partnerships by shifting paradigms to create increased market share and/or demand. This thinking has enabled me to expand markets by maximizing capacity, and by providing funding to help achieve growth. My first university education partner grew from a test market of 8 honor graduate nursing students to over 80 scholars, doubling their international student body. In addition to providing scholarships, we were able to provide state-of-the-art healthcare training and education to emerging economies.
How did you first hear about Changemakers?
Newsletter from Changemakers
If through another, please provide the name of the organization or company
50 words or fewer
