This topic brings up an interesting point, especially when students are being worn thin between classes and internships/co-ops. In the end, I believe that all students should get experience working in their field of study. I agree that the colleges…   Read more»

Although currently, with my aspirations and desires, I do not really see myself transitioning into either marketing or sales after completing my biomedical engineering degree, if it truly came down to it and I were to transition into one of…   Read more»

In today’s world, social media has certainly proven its effectiveness in reaching vast and diverse audiences. With various different social media platforms like TikTok, Instagram, Twitter, Facebook, and YouTube it is practically inevitable to come across an advertisement that will…   Read more»

As technology and engineering continue to play a pivotal role in the development of medical devices, it is clear that marketing strategies need to adapt by emphasizing the integration of technical benefits with patient outcomes. This requires a combination of…   Read more»

Both structures definitely have their pros and cons, and I think the choice really comes down to the business’s growth plans and funding needs. For smaller businesses that want to remain tightly held and avoid complicated tax filings, an S-Corp…   Read more»

These are all great points, and I’d also add that building strong relationships with customers, vendors, and partners plays a key role in long-term success. Networking helps establish trust and creates a reliable support system, which can be crucial when…   Read more»

These are great points.  I’d just add that LLCs are usually the go-to for entrepreneurs because of their simplicity and flexibility, especially for ownership and tax options. LLPs tend to fit more for professionals like lawyers or accountants since they…   Read more»

Personally, I would want to be part of a Limited Liability Company (LLC). The big advantage of an LLC is that it provides liability protection, meaning my personal assets wouldn’t be at risk if the business faces legal issues or…   Read more»

For the first question, In my view, if someone has a sole proprietorship and wants to pass it on to their two sons as the business grows, they’d need to make some structural changes. You can’t transfer a sole proprietorship…   Read more»

This SWOT analysis changes if the company was based outside of the US (taking a UK-based company for example).    Strengths: Innovative Product: The internal stent utilizes cutting-edge technology, potentially offering improved patient outcomes. Experienced Team: A skilled team with…   Read more»

A recent example of an external environment factor affecting companies is the CrowdStrike incident earlier this year. This was a major external event in the cybersecurity space, where several organizations were affected by a new strain of ransomware. This external…   Read more»

With the growing role of technology and engineering in medical device development, marketing strategies must evolve to effectively communicate value to both healthcare professionals and patients. A key adaptation is the increased use of online platforms like social media, company…   Read more»

From what I learned in my own family business this is a tricky process. Although they did not own sole-proprietorships after doing research I found there are some ways to work around this. Convert to an LLP and then workout…   Read more»

I would pick an LLC and I currently am an owner of a few LLC’s due to some specific reasons. Firstly let me briefly explain that my friends and I started a merchandise company and we registered it as an…   Read more»

Hi knd26.First off, I wanted to say that I liked the curiosity that you brought with this post as it made me wonder the same thing. I feel as if the term business could mean so many things and it…   Read more»

I can definitely understand the risks of going with a partner, but I do believe that would be the better path if you would want to potentially grow the business bigger. Even though ideologies can differ, I find that you…   Read more»

I find that when most of us go into the work force, we look for the most amount of benefits and rewards for the job asking. I do believe that is a big part of the business and the type…   Read more»

Both smaller and larger companies can offer great benefits for fresh graduates. Starting at a large company, you may have to start off with a lesser title, but after a few years you will be able to say you worked…   Read more»

In my opinion, as a newcomer, my first priority would be to secure a position that allows me to learn as much as I can. I believe job satisfaction is essential, and I want to ensure I can give my…   Read more»