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Useful Advices - 7 Critical Things Male Business Gurus Don't Tell You, But Every Woman Wants to Know
Much of the business advice from male business gurus doesn’t quite cut it for women entrepreneurs. These gurus haven’t figured out how they advice is different for women. Plus, they’ve left out some parts all
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
together!
I’ve come to this conclusion after being a Corporate America drop out and starting my own business. I realized there was much to learn about building a business so started to seek out the knowledge
I’ve come to this conclusion after being a Corporate America drop out and starting my own business. I realized there was much to learn about building a business so started to seek out the knowledge
; 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
and understanding I needed through books, seminars, teleseminars, and networking.
Over time what I observed is that the conversations I was having with women entrepreneurs were often different than conversati
Over time what I observed is that the conversations I was having with women entrepreneurs were often different than conversati
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ons I had with men. For example, I could be at a seminar and during the break chat with another woman while getting coffee. We often shared what the speaker said what it meant to us, which usually included so
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
mething that the presenter didn’t even bring up.
What I started to realize is that though much of the information was good and I used it, I had to usually put it through my female filter, I had to do some tran
What I started to realize is that though much of the information was good and I used it, I had to usually put it through my female filter, I had to do some tran
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
lating so I could apply it. I also found myself with some questions that I had to answer myself. I started to realize why. Most of these resources were presented by men. Well intended men, but men none the
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
less.
Very simply, by default built into their advice was a male perspective, which has some merit. But, it’s not the whole picture. Their advice didn’t address a woman’s perspective or talents. It didn’t a
Very simply, by default built into their advice was a male perspective, which has some merit. But, it’s not the whole picture. Their advice didn’t address a woman’s perspective or talents. It didn’t a
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
ddress my “world” as a woman. But, then how could it? Men and women don’t seem to approach anything the same, so why should it be different in business?
It’s not! A big reason why I started the Bodacious Wo
It’s not! A big reason why I started the Bodacious Wo
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
men’s Club is because I wanted to address women entrepreneurs’ needs that weren’t being met. I wanted to shortcut the “translation” and fill in the gaps that were missing.
It all starts with awareness. So, I
It all starts with awareness. So, I
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
’ve created a list of seven critical things male business gurus don’t tell you, but every woman wants to know. Keep these in mind whenever you’re seeking out knowledge or advice for your business that comes fr
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
m any man. You may be surprised what you discover!
1. Most business guru's miss how women experience life so differently than men. Because of our brain wiring, women experience life in a much more intuitive,
1. Most business guru's miss how women experience life so differently than men. Because of our brain wiring, women experience life in a much more intuitive,
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
emotional, and integrated way. Men, on the other hand, pretty much think about one thing at a time and usually do little to relate one thing to another.
2. Most women define success differently than men. Su
2. Most women define success differently than men. Su
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
ccess for most women is heavily tied to emotional and intrinsic fulfillment that comes from multiple areas of life. Women aren’t satisfied with sacrificing family or loved ones to have business success. We wa
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
nt it all and they want experts to help us get it all. Most men define success in terms of money, status, and power.
3. Most business gurus don’t address the stress most women experience. Because of all the
3. Most business gurus don’t address the stress most women experience. Because of all the
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
roles most women play, being able to manage stress effectively is key to having a successful business and life. Men typically juggle fewer roles and don’t stress over someone’s needs not being met.
4. Most bu
4. Most bu
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
iness gurus don’t address the impact of significant relationships in a woman’s life that directly affect her business success and how to keep them in good health. Because women experience life in a more integr
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
ated way, when a significant relationship like with a spouse or parent, is out of kilter, everything else is affected, including her business.
5. Most business gurus don’t say that taking care of yourself is a
5. Most business gurus don’t say that taking care of yourself is a
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
s important as taking care of a client. Most women struggle with doing good things for themselves and their business suffers as a result.
6. Most business gurus don’t delve into how women can use their natura
6. Most business gurus don’t delve into how women can use their natura
.
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
l strengths – like relationship skills – as a huge competitive advantage for growing their business.
7. Most business gurus don’t address the “good girl” tendencies most women have from their upbringings that
7. Most business gurus don’t address the “good girl” tendencies most women have from their upbringings that
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
hold them back from making their business wildly successful. A great example of this is how women hold themselves back from proactively selling themselves or their product or service.
Copyright 2006 Mary Fole
Copyright 2006 Mary Fole
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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