Useful Advices - Business

Sooner or later everyone has dreamed of quitting their job and starting their own business. Unfortunately the main thing that stops or prevents someone from making the dream a reality is usualy what I call the 'two F's', and this is 'friends' and 'funds'. You can probably understand 'fund

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

s' as a lack of money needed, but why 'friends' ? Because I have said and I have heard others over the years say 'I am thinking of starting my own business', as soon as you say this to your friends, do they tell you it's a great idea ? No, they tell you 'oh it will fail', or 'there's no m

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ney in that' or some other negative comment, friends very rarely tell someone 'hey that is a great idea, you should try it!', the reason why is because it wasn't their idea, or they were not the one who first brought the idea up in conversation. I am telling you right now, when it comes t

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

o starting your own business, the only friend I want you to listen to is me, the one who wrote this article.

Can you answer 'yes' to these 2 questions ?
1. Can you or someone you trust devote some time to driving a vehicle ?
2. Is the vehicle dependable ?

If you can answer 'ye

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

' to them two questions, you can start a ' Courier Service '.

What exactly does a courier do ? They pickup and deliver merchandise and sometimes, people and pets to and from various places such as businesses, airports, Hospitals and even peoples homes. These services are in great demand,

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

because there is always someone that needs a package delivered to a nearby airport, or some other location ASAP, and this is where a courier is needed. UPS and the Post Office have set schedules and will only pick up at certain times, where a courier can often deliver or pickup the item a

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

t any time of the day or night, when it's needed.

You must decide what type of packages or things you will pick up and deliver, and how many miles you will travel. If you live in the country it will be harder due to the distance involved between, Hospitals, airports, and businesses, and

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

f you live in the city you will have to deal with traffic and lots of stop and go driving, so both have their advantages and disavantages.

The easiest way to determine your driving area, is to get a state map, find your location and then make a circle with a compass with your town or loc

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ation as the area in the center where the compass point is. From this point move the compass outward as far as the miles is your willing to drive to a location, ie; 30 miles, 50 miles, etc. Once you find the right area of miles, make your circle with the compass, you now have your area of

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

service for your new Courier Business. I bet your getting excited already and you should be.

Next you must carefully sit down and decide what type of items you will courier. Will you do hazardous material, medications, explosives, liquids. If so, you may need a special license and certif

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

cation, you may need to be bonded or approved by your local or state authorities or public works departments. If I was you I would start out small only hauling safe items. Make sure you have a photo ID card made, clearly showing your image and the name of your Courier service, along with

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

your name and other info. In this day and age it's important for folks to feel safe when dealing with a business especially a newly established one.

If possible have a nice magnetic sign made for your vehicle, which clearly shows your service, displaying the name, telephone number and to

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

n, this is a cheap item, but it will help you build your customers and it will also add credence and make your service seem more official or real.

Check with your vehicle insurance company, to see if they charge additional fees since you will now be using you vehicle a lot more for busin

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ess needs instead of personal use, it's better to be safe now than sorry later. For your personal safety, you may wish to have any passenger(s) sit in the rear seats, and place packages in the trunk or rear areas behind the driver if this is possible, for this reason a nice utility van or

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

SUV makes the ultimate courier vehicle.

How will you choose your rates ? Sit down and call as many courier services as you can and ask them what they charge per mile. Most charge a fee per mile for gasoline, vehicle deterioration and business fees. If you travel 10 miles to pick up a pac

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

age and then travel another 50 miles to deliver it, you must also travel back to your home or courier service location, this may be another 60 miles back. This is a total trip of 120 miles from start to finish, if you charge only 50 cents per mile, that is $60. You should be able to easil

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

y drive 120 miles in roughly 2 hours or slightly more, so that averages out to $30 an hour for your earnings.

Once you have the service area, and the fees you will charge, place a small ad in local Newspaper's under the sections: Services Offered or Work Wanted. You can also place flyers

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

on store bulletin boards and hand out business cards. Word of mouth is a great and free way to increase your customers. When you start getting calls from a customer, be sure to write down directions carefuly, and what is to be picked-up and delivered. When the job is completed, It's a go

.

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

od idea to telephone your customer and tell them that the job has been completed.

There is computer software that is made for someone that is starting or already owns a small Courier Business. The software is available for download at this website address:

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ww.rb59.com/courier">http://www.rb59.com/courier

By Robert W. Benjamin
Copyright © 2006

You may publish this article in your ezine, newsletter on your web site as long as it is reprinted in its entirety and without modification except for formatting needs or grammar corrections

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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In the construction industry, the guidelines can be very strict. In today busy world, those who are in the market for a contractor do not want to take any chances of hiring someone that is not properly trained. A cost estimator is hired by a General Contractor and will create an estimate that contains all of the materials and labor that is needed for a job. The cost estimator must also take into consideration all heavy equipment needs, trash removal, weather and any other delay that may occur.

Procurement can be defined as the purchase of merchandise or services at the optimum possible total cost in the correct amount and quality. These good and services are also purchased at the correct time and location for the express gain or use of government, company, business, or individuals by signing a contract.

International shipping/freight is easy if you know where to get free professional help.

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