A multi-purpose strap for use with a laser tripod having a head portion and a base portion includes a flexible member, a first coupling component located at an end of the flexible member, and a second coupling component located at an opposite end of the flexible member. The flexible member when in a first configuration is adaptable to be coupled to the head portion using the first coupling component. The flexible member in a second configuration is also adaptable to be coupled to the tripod base using the second coupling member to form a shoulder strap.