Mohit Tater's Blog, page 486

Billionaire Entrepreneurships That Started in a Basement

When you think of billionaire companies, you probably think of huge office buildings and giant computer stations. However, there are many companies with a valuation of over $1 billion that got their start in something much less grand. At the beginning, many of the founders of these companies were working from a basement — typically their parents’ or grandparents’ basements. Take a look at some successful companies that started in a basement, then delve further into some of the billion-dollar ones.

Tech and Other Successful Companies That Started in Parents’ Basements
Created By:  JES

Epic Games: $15 Billion

Even if you don’t think you’ve heard of Epic Games, you’ve almost certainly heard of the company’s most popular video game, Fortnite. This game is one of the most popular in the world, with fans all around the globe. This company started in 1991, when Tim Sweeney started designing video games in his parents’ basement as “Epic MegaGames.” With the company’s success from Fortnite and other games, it’s achieved a $15 billion valuation.

Qualtrics: $11.1 Billion

From the beginning, Qualtrics was a family endeavor. Their father came up with the idea, then Jared wrote the code and Ryan worked customer-side, both working in their parents’ basement. Eventually, Qualtrics became one of the most well-known software companies in the world, serving both academics and private companies alike.

FUBU: $6 Billion

Daymond John, who might be most well-known for his starring role in Shark Tank, is also the man behind bestselling streetwear label FUBU. The company started with only $40 in capital, and Daymond had to work out of his mother’s basement in Queens. By selling to hip hop artists, who would wear his clothes in their music videos, FUBU became a crucial part of the urban music scene.

Virgin Group: $4.7 Billion

The biggest impact of Virgin Group has been its ability to invest in a variety of companies. The original entrepreneur in the group, Richard Branson, started his first company — a student magazine — when he was 16, working out of his co-founder’s basement. A stroke of luck occurred when his mother received nearly $125, or over $1,000 in today’s money, through an unclaimed lost and found. With that money, they were able to continue their entrepreneurship to build the nearly $5 billion company of today.

Under Armour: $3.5 Billion

The idea behind Under Armour was simple: founder Kevin Plank realized that his cotton T-shirts got soaked with sweat, but his compression shorts did not. He used his grandmother’s basement to design T-shirts made of the same fabric as those synthetic shorts. At one point, USA Today ran a front-page photo with a quarterback wearing an Under Armour shirt, and since then, it’s been a staple in the fitness community.

Yankee Candle: $1.75 Billion

Although today Yankee Candle makes some of the most luxurious candles out there, they got their initial start with Michael Kittredge II making candles from melted crayons in his parents’ basement. By putting the maximum amount of fragrance in each candle, he started making scented candles a household name, rather than just a novelty. In 1998, it sold for $500 million, and in 2013, it sold again for $1.75 billion.

Kaplan: $1.5 Billion

This company gets its name from Stanley Kaplan, who started a tutoring service in 1938. He realized that with the number of immigrant families in his area, many of those students needed personalized help preparing for a standardized exam. He started tutoring in his parents’ basement, then built the company for decades until he sold it to The Washington Post Company. This tutoring is still massively important; as of 2018, annual revenue was over $1.5 billion.

Conclusion

As you can see, there are plenty of companies that got their start in basements. None of these companies would be making an impact on the world without someone’s basement to help them through. This might be the push you were looking for to make your basement even more livable, so the next billion-dollar company might start there.

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Why You Should Consider a Title Loan

When it comes to getting a loan, you may have a variety of options to choose from. However, not everyone has the luxury of choice, as some people find themselves in a position where their options are limited. This includes people who have damaged credit and those on a low income. If you fall into these categories, you may find that getting an affordable loan from a mainstream lender is impossible.

If you are in need of money, having limited options can be difficult. It is important to consider what options are available to you so that you can get the money you need. One of the solutions you can consider if you own your own vehicle is a title loan. Many people decide to choose title loans because they offer a wide range of benefits. In this article, we will look at some of the benefits of using instant online title loans.

Some of the Benefits

There are various benefits that you can look forward to when you take out one of these loans. This is why they have become so popular, and they are ideal for people in a wide range of circumstances. All you need is your own vehicle that is registered to you. Some of the benefits are:

Great for Those with Bad Credit

If you have damaged credit and a low credit score, you will struggle to get, particularly from mainstream lenders. This puts you in a difficult situation if you really need to raise money. However, with a car title loan, you can get the cash you need based on the value of your vehicle rather than on your credit score. This means you can then raise the cash you need without your credit score getting in the way.

Fast Access to Cash

Some people need access to money very quickly due to a financial emergency. However, with some types of loans, you end up waiting a very long time for any decision to be made, and then you have to wait all over again for the money to be paid into your bank account. So, if you are looking for speedy and convenient access to cash, this type of loan could be a perfect solution for you. You will receive an instant decision from many lenders, and the money could even be paid into your bank account on the same day.

Simple to Apply

One other major benefit is that it is so simple to make an application for a car title loan. Everything can now be done online, so you do not even have to leave the comfort of your home to complete the process from start to finish. You can complete the simple application online, provide documentation online, and get everything sorted out from the privacy of your home.

These are some of the key benefits that come with taking out a title loan, which is why they have proven so popular over recent years.

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Here’s How Financially-Savvy Entrepreneurs Protect Their Income

Owning a business often involves risks. But savvy entrepreneurs don’t take unnecessary ones. That’s why they buy insurance.

If you own a store, office, or factory, you likely have property insurance. Companies with employees have workers compensation insurance. Most businesses have general liability insurance. 

Those types of policies protect the business. What about protecting you, the business owner?

What happens if you suffer a heart attack and can’t work for a few months? What if a car accident puts you in a coma? Imagine being slowed down by a respiratory condition.

As a business owner, you’re on your own. There’s no vacation time, sick leave, or workers’ compensation to help with the bills. If you can’t show up for work, you can’t get paid.

That’s why financially savvy entrepreneurs protect their personal income with a personal long-term disability insurance policy.

Long term disability insurance replaces your income in the event you can’t work due to injury or illness for an extended period. It can also help when you have to reduce the hours you work or limit what tasks you perform.

Why is long term disability insurance important? 

It may seem like a long shot to be hurt or sick seriously enough to keep you out of work. But it’s estimated that 25 percent of American workers will endure some type of temporary disability during their careers that will prevent them from working.

Think about all the ways you could lose the ability to ply your craft. A self-employed mechanic or tradesman who suffers bad arthritis. A photographer or designer who loses partial eyesight. A computer programmer, accountant, or restauranteur who has a stroke.

When you invest in a personal long term disability policy, you pay a monthly, quarterly, or annual premium to an insurance company. The amount you pay is based largely on your income.

If a covered injury or illness affects your ability to work, a long term disability policy pays a monthly benefit to replace most of the income you will lose by not working. 

You can select a number of coverage options, including how long benefits would last. Long term disability benefits can last from two to 10 years, or you can be insured up to age 65.

What about business overhead expenses?

In addition to insuring your personal income, you can also buy coverage that can help you manage your business overhead expenses if you become disabled.

Business overhead insurance (BOE) is a type of disability policy that covers monthly business expenses if you’re unable to work. This includes rent/mortgage, utilities, taxes, payroll, and other overhead expenses. The policy will pay a monthly benefit equal to your overhead expenses up to a cap, which is typically between $15,000 and $25,000.

BOE coverage can help ensure your business stays afloat while you recover from a disability. Otherwise, your future income may be at risk if your business folds by the time you can return to work.

You can obtain BOE coverage as a standalone policy or bundled with your personal disability policy.

Whether you’re a part-time entrepreneur or your business is your full-time job, you took a risk starting your own company. You don’t depend on somebody else for your full income.

But you should at least have a safety net to ensure your livelihood if you can’t work.

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5 Different Types of Online Casino Bonuses

An online casino bonus’s primary purpose is to persuade a punter to either sign-up with a new website or keep wagering on the same site. Online casinos have a lot of competition. The ones hosted in island nations have very few restrictions imposed on them. If you are a beginner gambler and don’t want to risk your hard-earned money at this stage of your career, I would suggest checking out the bonuses mentioned in this post. 

Here Are the 5 Different Types of Online Casino Bonuses



1. Promo Code Bonus

A promo code (or also known as coupon code) is essentially a marketing discount offered by online casinos. These codes serve both beginners and experienced online gamblers. Some websites display the fixed discount promo code on the top bar of the web page, which is basically visible to all. On the other hand, some promo codes are private. If you are interested in sports betting, check out this 1xbet exclusive promo code.

2. Sign-up Bonus

Sign-up bonus (also known as a welcome bonus) is a reward online casinos offer a new player for being a part of the user base. Some sign-up bonuses ask you to deposit a small sum, whereas others are entirely free (discussed later). If you have already begun visiting casino websites, you will see bonuses match up to a certain amount. For instance, if you deposit $100, you will get $100 as a bonus. 

3. No Deposit Bonus

Although the trend of no deposit sign-up bonuses is dying, there are several online casinos still offering this deal to new users. A legit no deposit sign-up bonus is the one that does not ask you to wager on high-stakes games immediately after sign-up. 

Beware of the websites that offer $10 no deposit sign-up bonus and ask you to wager above $100 on one of their games. Ideally, you want to sign-up with reputed and trustworthy sites with a low wagering requirement for a beginner.

4. High Roller Bonus 

“High roller” is an old-school term used to describe a gambler who frequently wages on high-value and high-risk deals. Both online and offline gambling involves a lot of risks. Casinos make a lot of money in games like slot machines. 

Hence, to show their appreciation, online casinos offer VIP programs to big-spending players. If this sounds like you, you must contact the customer care representative of the casino site and ask for a VIP bonus.

5. Loyalty Bonus

As you already know, a physical casino offers a lot more than a chance to win money. Gambling is also a recreational activity. It is not uncommon for players to meet and mingle with other like-minded people at a casino. 

Likewise, an offline casino also offers similar perks to players who have stuck with them through thick and thin. Loyal bonus involves discount coupons to restaurants, cafes, and gambling events occurring in your city.

Summary

Like every other industry, online casinos aim to expand their user base. To lure players who are serious about making money, casinos have to offer benefits that guarantee their financial safety and security. The concept of bonuses has been around since the early days of gambling, although it has become a lot more sophisticated in current times. 

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The Basic Concept Behind Online Gambling

Online casino websites are slowly replacing their land-based counterparts. Don’t get me wrong, physical casinos are always going to retain their user base, which constitutes outgoing and extroverted personalities. But, newbies who are not willing to risk their hard-earned money would prefer to play online. 

The no deposit bonuses are a blessing for those who haven’t yet learned the ropes of gambling. Back in the days, punters had to take a road trip to Nevada or Louisiana to enjoy their favorite hobbies. In 2020, an online gambler can wager on his or her favorite game from the comfort of their home. 

The convenience of having internet service at your disposal is also quite significant for online poker players. They can have all their notes in front of them during the competition. Offshore casino sites have also gained popularity in countries where it is illegal to own a casino website. Due to low overhead costs, they can offer exciting offers such as goldenpromocode.

What is Online Gambling?

Casino websites and mobile apps constitute online gambling. Basically, any gambling activity that takes place online can be put in this category. You will be surprised to learn that online casinos were first introduced in the year of 1994, it was the ticketing for the Liechtenstein International Lottery. In 2020, the industry is worth 46 billion U.S. dollars. 

A player (irrespective of their nationality) can join an online casino. Most national and international gambling authorities are working incredibly hard to enhance the safety features of online casinos. Eighteen is the legal age of online gambling. Also, the user must have a legitimate payment collection system (like a credit card or crypto account). 

What is Sports Betting?

Contrary to popular belief, sports betting does come under the category of gambling. Once a user creates an account with a betting website or a mobile app, they are asked to deposit funds to their account. Next, they can use those to place a wager in sporting events such as soccer, basketball, cricket, etc. 

Soccer is the most popular sport in the world. Betting on soccer games is prevalent in every corner of the world. Soccer betting is also known as a 1×2 stake in the United Kingdom. Before a match, a player has to predict the outcome. Some betting websites also allow players to wage on minutiae details of a game, such as the number of free kicks or total shots on goal.

What Are Bonuses? Why Are They Offered?

Bonuses are reward points offered by a casino site to a new player. The primary goal of a bonus is to entice a new player to sign-up with a casino site. The casino site can build trust with the newbie gambler by offering value without asking anything. 

Some online casinos also offer welcome bonuses in return for a long term commitment from a player. Upon spending a certain amount, the player can expect the bonus to be deposited in their account. 

Summary

The online casino experience is a whole lot different compared to the land-based casinos. The rules of the games are unchanged for the most part. But the casino website might impose new regulations, which varies from provider to provider. 

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5 Tips for Becoming a Successful Online Gamblers

Despite new rules and regulations imposed by numerous countries, the online gambling industry continues to thrive. According to a report by Statista, the global online gambling market is predicted to be valued at more than $94 billion in 2024. 

Besides, the competition for prizes has also risen considerably. To become a successful online gambler, you must develop a winning strategy by learning from a few initial mistakes.

Here Are the 5 Tips for Becoming a Successful Online Gambler



1. Always Check for Offers and Bonuses

Casino websites are taking massive steps to ensure the financial safety of an inexperienced gambler. This is why they offer risk-free deals, such as no deposit sign-up bonuses. You are paid to sign-up with them. Also, you get to start your career without having to invest money from your pocket. Some websites offer a significant welcome bonus (up to $150) via promo codes. You can check out similar offers on mypromocode.us. 

2. Find The Right Website

Whether your goal is to place a single wager on the upcoming football game or become a master in gambling, you must begin with a tried and dependable service provider. It is always a good idea to start your career with a licensed gambling website, but you can go for an offshore site with good reviews. Before signing up, you must research thousands of gambling sites. Also, ask your gambler buddies for their opinion.

3. Pick Games You Are Good At

It is not good to dive into the world of online gambling without the fundamental skills necessary to win. Pick a game and perform multiple simulations every day until you become good enough to play it professionally. Focus your attention on games that you enjoy playing. Next, begin playing your favorite game with the no deposit bonus offered by casino websites. You can sign-up with numerous sites at a time. 

4. Know Your Limits

Strategies in online gambling games like Poker and Baccarat are continually evolving. The rule and regulations may remain the same, but new and intellectually hungry players join the ranks every day. It is always wise to ditch the strategy that worked in the past but isn’t yielding your results.

Furthermore, it is essential to treat this hobby as a business. Have a limit on how much you can spend in a day or a week. Make sure not to exceed the spending limit.   

5. Practice Makes a Man Perfect

Once you begin your online gambling career, you will realize that even after running thousands of simulations, you will still make mistakes. Winning a game like a poker or a sports bet is not easy. It can take weeks, months, or even a year to master this particular craft. Also, players who dabble with games fail to build a winning mentality. You must practice one game until you start winning consistently.  

Summary

Online gambling involves a lot of risks. You must remain cool, calm, and collected every time you lose money. Only then will you be able to make better decisions after a difficult period. Online gambling may also not be suitable for those who suffer from heart problems or experience panic attacks.

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What to consider before Starting a Career in Interim Management?

Are you thinking about starting a new career in interim management? Wondering whether it will suit you and your skill set? You’re in the right place. Here, we explore various aspects of interim management as a career, including pay, skill set, regulations and so on to help you figure out if it’s the right path for you.  

How you’ll be paid

The first thing to consider is how you’ll be paid. As interim managers work on a project basis for companies, they are not paid a ‘salary’ but a fixed sum for the time they are working with a business. In most cases, the company you provide interim management services to will not pay for holiday or contribute towards your pension or national insurance like they would their permanent employees – you will need to do this yourself. It’s also important to note that because interim managers work on a project basis, money earnt can come in peaks and troughs, so you need to be comfortable with this financially. 

What skills you need 

Typically, interim managers are hired because they possess a set of specific skills that can help businesses in times of change or crisis. For example, a company may be going through a considerable period of change and require an interim manager to assist with leading the required operational transitions. Typically, interim managers are highly qualified with experience at board or senior management level, with know-how in various sectors. They need to thrive under pressure and be able to make tough decisions in a short period of time. If you have a highly desirable skill set and experience at this level, interim management may be a rewarding career path for you. 

The regulations and insurance requirements

Before starting out, it’s essential to get to grips with the various regulations and insurance requirements you’ll have as an interim manager. For example, you’ll need to put measures in place to ensure IR35 compliance, which is the legislation in place for off-payroll working. You will also need to have the right level of professional indemnity insurance, which is designed to protect you/your business should a client you work with make a claim against you. There are various regulations and requirements you need to consider, so it’s worth doing some research before starting out.

How to get work 

The key to success as an interim manager is obtaining the right work in line with your skill set. This means you need to be comfortable with marketing yourself and build a strong network that can help you find the best placements. Making yourself easy to find online is one of the first steps you can take, using platforms like LinkedIn as a marketing tool. You may also want to connect with interim service providers, letting them know of your availability so they can contact you if a relevant position comes up. 

There are many benefits of beginning a career in interim management. The question is, is it right for you?

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Doing Business Travel the Right Way

Do you travel a lot for business? Do you have a lengthy daily commute or perhaps you have to go to exhibitions or trade fairs which take you all over the country? You could regularly attend or speak at industry conferences, or maybe you’re flown around the world to schmooze with clients or seek out new business opportunities. Whatever the reason, if you travel regularly, you’ll know that it can get a little tedious. Here we look at how to get the most out of business travel and how it might look in the future.

Travelling etiquette

If you’ve ever had the misfortune to sit on a train near someone conducting a lengthy and loud phone conversation, you’ll know how distracting and infuriating it can be. If you relish a bit of peace and quiet, then seek out the train’s quiet zone. However, ensure that you stick to the rules so you don’t end up infuriating someone else. You mustn’t take any phone calls and while you’re fine to work on your laptop, if you’re going to be doing a lot of typing, it’s probably best to sit in a different carriage.

If you’ve got a table seat, make sure that you don’t spread all your work all over it and into someone else’s space. If you only have a short journey, like Bowes Park to Moorgate, for example, then it’s unlikely you’re going to get much work done, so you won’t need to get all your documents out. Think of something quick you could do, like answer a few emails or listen to a business podcast. 

When it comes to hopping on a plane and going further afield, make sure that you’ve mastered at least a few key words of the local language – hello, goodbye, please and thank you are the bare minimum − and do a bit of research on the local customs and sensibilities. And if you’re going somewhere nice, don’t forget to bring some treats back for your colleagues stuck back at home!

The pros and cons of business travel

The biggest pro of business travel is that you get to explore other countries and experience different cultures − all on someone else’s dime. Of course, how much you time you actually get to spend doing that will depend on your itinerary! 

However, especially if you travel regularly, the cons can often outweigh the pros: spending time away from your loved ones; travel stresses such as flight delays and crowded trains; and the impact it can have on your body clock and the ability to maintain a healthy lifestyle.

The future of business travel

The coronavirus pandemic forced a good percentage of the workforce into their homes and we got a taste of what it’s like to work, and conduct all of our business meetings, remotely. Employers realised that perhaps we don’t always need to travel to do business. When you consider that a two or three-day overseas trip could be dealt with in a morning Zoom call, businesses are seeing the financial and wellbeing benefits of doing business remotely.Add to that the fact that the decreased number of aircraft in the sky has lead to clearer skies and fewer deaths from air pollution, employers may well be rethinking their travel policies. But as the business world slowly emerges from the shadow of Covid-19, whether this happens remains to be seen.

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Four Things You Didn’t Know About Clearing Your Record

Perverting the course of justice may leave you with a criminal record and a history that can follow you almost everywhere. A criminal record can refer to final warnings, cautions, reprimands, or convictions. Each of these things leaves a mark that can sometimes determine your life.

A lot of people are not aware that all of the personal records are stored on two key police systems. The first is the Police National Computer (PNC) that stores, for example, information on arrests, warnings, and convictions. The second is the Police National Database, where details are kept of not so serious records, e.g., investigations that led to no further action. 

Therefore, PNC is considered to be the most important computer system used widely across the United Kingdom by law enforcement organisations, and only in exceptional circumstances data from the PNC may be removed.

When facing an arrest you can visit this site, and find legal help. It is essential to know what to do in order to remove your cautions and convictions from the record. In this article, you will learn what the circumstances in which you could apply for your data deletion are and how to apply for it properly.

1. The Process of Clearing Your Record Has Significantly Changed

Before 2006 retention of criminal records was different than now. Depending on the nature of the wrongdoing, the police could remove documents from the PNC after some period. After this date there was a new policy named “Exceptional Case Procedure” introduced, that allowed individuals to request the removal of their files from the PNC if they considered that exceptional circumstances exist. An unlawful arrest or when it was established that without no doubt no offence was committed are examples of extraordinary circumstances.

Later, in 2009 the procedure of the individual request was stopped. Even old, previously stepped-down data has been reinstated back. A significant change came in 2015 with the introduction of the Record Deletion Process, that applies to the eventual removal of fingerprints, DNA samples and profiles, and other PNC records. 

The rate of changes may be confusing, so you may be uncertain if and what records the police still have on the PNC. In that case, you can check it by making a subject access request.

2. Check Your Record

Making a subject access request is the cheapest and easiest way to check your record. The Data Protection Act from 1998 gives you the right to receive any information that the police have about you on the PNC. You will either get a list of information about all your convictions or a certificate declaring that the police have no data held on the Police National Computer regarding your wrongdoing.

How to apply for a subject access request? At each police station, you can receive a form to fill out. If you want to apply online, you can use ACRO Criminal Records Office that is a national police assembly which operates to provide a spectrum of services that deliver operational benefits to law implementation and public protection units. On their website, you can also find useful further guidance and additional information.

3. The Record Deletion Process 

You can apply for deletion of a criminal record on certain grounds by submitting the application. Do still understand that making an application won’t necessarily result in the automatic removal of your data.

Your records are firstly reviewed and considered by a Chief Officer Review, which is an opportunity for early removal from the police network. In the application, you need to provide sufficient evidence of your version of events and enclose copies of current ID. 

Provide as much information as possible about the convictions you want to erase. Crucial points are: 

type of offencedate and time of the arrestwhere the arrest took place

Present an extensive background and circumstances around your arrest, and don’t forget about the reasons why you are attempting to have your records cancelled.

4. What Is Life Like Having a Criminal Record?

It would seem that a criminal record is not a serious difficulty in having a normal life. However, the legal obligation to reveal the record and the resulting discrimination can limit your access to jobs, loans or insurance.

A political career is not even an option, and also not the highly-skilled jobs are very often out of reach. People with criminal records struggle to find employment when having a job may be the key to change their paths.

Having a criminal record can also have a massive impact on finding an apartment because one of the difficulties is the need to pay a colossal advance or mortgage refusal.

Summary

Offenders need to rebuild their lives, and without the help of the law, they can’t actually return to society. That is why it is worth knowing that there are options to apply for deletion of criminal records if there are exceptional circumstances that could support the application. 

There is a chance to prove an unlawful arrest or to demonstrate evidence that no crime was committed in the first place. If there are reasons to submit an application, all you have to do is read the guidelines, complete the form and wait for a favourable decision.

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Samsung Biologics’ CEO Tae Han Kim Highlights Company’s Effective COVID-19 Response

Samsung Biologics founder and CEO, Dr. Tae Han Kim, created a company that has quickly become a global leader in the biopharmaceutical industry–and a key business partner in tackling the COVID-19 pandemic. As a fully integrated CDMO offering state-of-the-art contract development, manufacturing, and laboratory testing services, the company has continued to demonstrate a dedication to customer service over the past nine years, even more so in the past few months.

In a recent interview, Dr. Kim discussed the company’s response to the outbreak and its client-centric business model that played a valuable role in the global battle against COVID-19. 

How South Korea and Samsung Biologics Dealt With The Impact of COVID-19 

Samsung Biologics, headquartered in South Korea, has been keeping a close eye on the development of the global COVID-19 pandemic. South Korea is currently experiencing a steady decline in confirmed cases, which health officials attribute to a few concrete steps that the country has taken:

●  Acting early to expedite regulatory approval of test kits.

●  Implementing transparency in using technology and infrastructure for tracing and tracking infections.

●  Making it easy to access more than 600 testing sites with a total capacity to support up to 20,000 people per day.

●  Optimizing treatment options and capacity for high-risk patients.

At the same time, Samsung Biologics took the following measures to protect its workforce and organization, resulting in zero confirmed employee COVID-19 cases.

●  Ensuring that all high-traffic areas and areas of critical importance to the business are thoroughly disinfected every day.

●  Requiring all employees present at work to maintain their social distance from others to minimize the spread.

●  Enforcing the use of masks and sanitizers at all times to add another layer of protection for employees.

In addition to maintaining the health and safety of all those who work at Samsung Biologics, the company also developed protocols to better serve its clients. It proactively protected the management of the global supply chain, which helps ensure the critical production of medicines and drugs that people rely on. The company also regularly assesses the risk of all the services it offers to minimize disruption to the business while still meeting the supply demands of its partners.

“As people around the globe continue to face the many challenges presented by COVID-19, we are always taking actions to adapt to any unexpected changes,” said Dr. Kim. “We are proud of our teams who have prioritized the health and safety of our employees and clients, while also moving quickly to protect our business and strengthen our and beyond.”

Building a Foundation Around a Client-Centric Business Model 

With a dedication to helping improve people’s happiness by also improving their health, Samsung Biologics continues to be a leader in the production and manufacturing of critical medicines, including the ones needed in response to the global COVID-19 pandemic. By monitoring global trends, Dr. Kim seeks to understand and find ways that the company can better adapt and serve customers in the face of this pandemic. 

“Our biological capabilities, including the accelerated cell line developments, allow for us to scale and meet the manufacturing needs of our partners without delay,” said Dr. Kim. “This client-centric model helps us play a critical role in the fight against COVID-19.”

To facilitate client communications, the company offered an immersive virtual reality solution to bridge the physical distance amidst travel restrictions. Continuing its business development, client audit, and inspection activities through new creative live virtual tours supporting client due diligence, Samsung Biologics signed 10 new projects in the first quarter with both local and global clients as a result. 

At the core, Samsung Biologics and Dr. Kim sees the current pandemic as a reinforcement of the importance and value of contract development and what manufacturing partners can bring to the conversation about the future of healthcare.

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