A self-jacking, mobile power tool stand has an extended or erect position and a collapsed position. The geometry of various components of the stand facilitates self-erection of the stand to the raised position and the jacking of a pair of wheels off the floor so as to minimize vibrations from the power tool during operations. Conversely, when in the closed position, the stand can be used to transport the power tool in the manner of a conventional two-wheeled handtruck.