by Camden Rendon

Wondering if you should intern in college? Internships are fast-growing and more important than ever – for multiple reasons. Internships are proven to help students learn and prepare for the real world after college, because classrooms can only teach so much. Some schools and/or majors require internships in order to graduate, and some just encourage finding one (or two, or three) before graduation. Here at The 20, we completely support the learning process of students, and have opened up three summer internships this year to help in that process. It’s not to be taken lightly – we know that we are helping to shape the next generation of professionals. Here are five reasons that you should intern in college – bonus points if you want to work with us! ????

Network and Learn Under Professionals

Though there are many reasons you should intern in college, this one is reason enough to get an internship. I say this to every new grad I meet – you NEVER know who knows who and who you will meet. Connections go SO FAR in the workforce, to the point that some people hire solely off of referrals. Building connections and networking with people is a great way to learn about tons of opportunities in your field. In addition, learning under industry professionals can be great for your resume. If you get a good mentor to coach you through your internship and teach you as much as possible, you will come out of the internship with information that you can apply in your next (potentially full-time) role. As an intern, it’s your responsibility to be engaging, prepared, and to soak up as much as possible, as there will be so much to learn.

Figure Out What You Want in a Career… and What You Don’t Want

Sometimes we don’t know what we want to be when we grow up – and that’s okay! College makes you feel pressured to choose a major that will fit in with a career, but what happens if you don’t know what you want to do? The best way to test out different roles is through internships. You’ve got to start somewhere to gain experience, and companies are pretty supportive of that. According to NACE, 81% of graduates report that internships helped them to shift their career directions by changing either the focus of classes or their major. You may have your heart set on a particular profession, but after working it for a summer, may decide that it wasn’t for you – or that you like something better. Your college years are the years to explore, make mistakes, and learn from them.

Real World Application

Let’s be real – your college classes and professors can only teach you so much while you’re sitting at a desk. You’ve got the brain knowledge, but what about the real-world application? No number of tests, pop quizzes, or projects will prepare you for what is required in a professional position. You will get to apply your textbook knowledge to things that you will apply in your day to day role.

Full-Time Opportunities Post-Graduation

It’s no secret that interns are usually the first to be considered if a full-time role opens up. According to Forbes, paid internships turn into full time job offers 60% of the time. Interns spend their time getting to know the company, the employees, and the position itself – meaning it’s the easy option when it comes to a full-time role. Companies can cut down on their spending for sourcing, hiring, and training a new employee, since the intern already has that knowledge. It’s important to be prepared, timely, and always give 110% throughout your internship.

Make Your Resume Stand Out

So let’s say for one reason or another, your internship doesn’t turn full-time. That does NOT mean that you wasted your time! Not only are you leaving there with actual, tangible experience, but you should also have some solid recommendations under your belt! In a sea of entry-level graduates and applicants, how can you make yourself stand out? By relating your internship experience to the next position! You’ve already got a leg up on the competition if you join an entry-level role with experience.

Want to join our awesome team? The 20 is hiring interns! Check out our open positions here.

by Dan Astin

1) Change in Control

One of the most important legal tips every MSP should know involves “Change in Control.” In the event of an acquisition or other change in control of the client/customer, the MCA and ancillary SOW’s remain in full force and effect. “Change in Control” means any sale, exchange, transfer, conveyance or termination of any equity or ownership interests in the client/customer, or any corporate, limited liability company or partnership reorganization, restructure, merger, acquisition, transfer of assets, consolidation or adjustment with respect to Client if the persons currently in control of the client/customer would no longer have such control after such event.

2) BAA Requirements

HIPAA requires a covered entity to enter into “business associate contracts” with business associates to safeguard protected health information and to restrict its uses and disclosures to those permitted by the contract or required by law.  Business associates are also required to enter into business associate contracts with their subcontractors.  Business associates are persons or entities that perform, or assist in the performance of, any activity involving use or disclosure of individually identifiable health information. 45 CFR §160.103. This includes, e.g., claims processing, data analysis or processing, quality assurance, billing, practice management, and accounting and legal services.

3) Cybersecurity Insurance

According to the Ponemon Institute’s “2018 Cost of Data Breach Study,” the average cost of a stolen or lost record is $148, while the overall cost of a data breach is nearly $4 million. In addition, the likelihood of getting hit with another breach within two years after the initial one is 27 percent.

As noted by FICO, businesses typically shun cybersecurity insurance for three primary reasons:

A) The organization isn’t investing in cybersecurity overall, despite an increase in threat levels.
B) Leadership believes the organization will never be the victim of a cyberattack because it is too small to be targeted, or they believe security systems will protect it.
C) Leadership doesn’t understand how cyber insurance policy premiums are estimated or what exactly is covered.

Generally, cyber policies include coverage for costs incurred for remediation in response to a data breach, liability for claims arising from the data loss or breach, fines or penalties imposed by law or regulation, and additional payment card industry fines and penalties.

Dan Astin is a Managing Partner for Ciardi Ciardi & Astin law firm and regularly represents and provides legal and business consultations to commercial creditors, litigants, contract parties, corporate debtors, importers/ exporters, MSP’s, small business owners, and trustees, in matters of commercial business practices, litigation, customs and international trade, bankruptcy liquidations, administrative law, foreign corrupt practices act FCPA, contract negotiations, business restructuring, IT, select domestic and international trade. Dan’s legal experience includes prior service in the U.S. Navy’s Judge Advocate General’s Corps, as counsel to the Commanding Officer of USS Constellation (CV64); concious objector hearing officer in the first Gulf conflict; prosecutor and defense attorney United States Navy; trial attorney with the United States Department of Justice, Office of the United States Trustee; Associate Council customs and international trade.