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Dr. Todd O’Brien has additional challenges beyond those encountered by most startup life science CEOs. The 48-year-old podiatrist still sees patients even while developing his latest innovation: an electronic tuning fork for measuring diabetes-related nerve damage in people’s feet. He's also building his company in Orono, Maine - far from any major healthcare hub.
An in-depth look at "offshore outsourcing" technology services, this excellent article reveals that relationships not continuously reviewed, maintained, and adjusted become "stale" within three years. Both quality and cost savings can drop to the point at which point a company needs to drop the practice itself.
There’s no silver bullet for becoming a successful life science entrepreneur. But at a session on entrepreneurship and innovation at the FutureMed conference at Singularity University in the Silicon Valley last week, three panelists shared their tips on achieving entrepreneurial success.
Swapping services between entrepreneurial ventures may not be new, but it is big -- with current reports showing 400,000 firms generating $9 billion of bartering activity in the U.S.
Considering your goals for business, this tool will help you identify operational systems necessary to support these goals.
Read the example to learn how one company documented their operation systems and workflow to reach their goal of using shared knowledge to increase sales.
With double-digit growth expected in the life science market outside of the U.S., China or India is a likely place for a medical business to expand. Here's how to deal with third-party intermediaries.
Disaster planning is one task entrepreneurs may not undertake when their businesses are going smoothly. A well thought-out, well-rehearsed disaster plan can be an invaluable tool that allows a company to recover more quickly.
This entrepreneur and her partner outsourced its contact list to save time and money in designing and sending out an electronic newsletter. She cites three service features that made the cost affordable, the process easy, and the impact on their business remarkable.
When opportunity costs are figured into the cost-benefit mix, outsourcing even non-core functions can become strategic. How much faster could you grow your company if you spent more time leveraging your strengths? This article explores the cost effectiveness of the practice and offers valuable tips for getting started. Key: Choosing the right tasks and the right partners.
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