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Useful Advices - Small Business - Increase Your Productivity
If you’re like most small business owners you are running a mile a minute and someone says ‘planning’ to you and you’re sure they don’t know
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
what they’re talking about. Right? You don’t have time for all that fluff. You’re a busy person … and of course you are. But if you want your
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
business to perform better then you better read on.
As the owner of your own small business you are ‘it’. You want it to grow beyond you an
As the owner of your own small business you are ‘it’. You want it to grow beyond you an
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
eventually be self sufficient and give you the life you dream about. Then you better find ways to be more productive and here are a few.
1.
1.
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
Write down clear goals: What do you want to accomplish … in your life and your business. They must be clear, specific and have a time limit.
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
Be honest with yourself. Where are you right now; and where are you going? If you don’t know … who does?
2. Write a clear plan of action to
2. Write a clear plan of action to
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
get you there: You know in one above where you are going, what specific steps will get you there? You’ll make adjustments along the way but o
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
utline the big steps then the little ones and do it daily.
3. Now prioritize: Once you know where you’re going and the steps you’ll take you
3. Now prioritize: Once you know where you’re going and the steps you’ll take you
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
can then establish priorities of what needs to be done when. Simple to understand and difficult to do everyday.
4. Focus: Once you’ve accomp
4. Focus: Once you’ve accomp
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
lished steps one through three above it’s up to you to have the courage and discipline to make it happen. The key to your better future is yo
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
. Make sure your habits match your dreams.
5. Your work and skills should match: You have a set of skills and the business may require some
5. Your work and skills should match: You have a set of skills and the business may require some
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
you don’t have. Make sure you play to your strengths and hire for your weakness.
6. Delegate: Now you’ve heard that before but trust your pe
6. Delegate: Now you’ve heard that before but trust your pe
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ople, after hiring right and training and coaching – delegate and step back. Ask for and demand results but don’t dictate methods.
7. Use a
7. Use a
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
rocess: Use a planner, a to do list, a computer program, use something to keep track of your goals, make adjustments and jump back in again i
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
n the morning. I have found it doesn’t matter what tool or method you use, use what works for you. It’s that simple.
8. Use the process ever
8. Use the process ever
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
single day: Whatever method you choose – use it! And use it each and every day. I’ve found that spending an hour on Friday night to plan nex
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
t weeks most important events is one of the most valuable things I can do. Then spend fifteen minutes at the end of each day to plan tomorrow
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
’s activities and your most important needs will provide a big hit to your productivity.
Imagine packing up the family and heading off on a
Imagine packing up the family and heading off on a
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
ross county trip with no map or planned destination. Even your youngest children would find that foolish. Why then, do we do it in our busine
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
sses? Don’t know, but I do know that what we do everyday is what we believe … all the rest is just talk. What will you do now? It’s up to you
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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