Useful Advices - Business

Entrepreneurs often give little if any consideration to their computer system needs in their original business plans. It is a necessity to have mention of your computer system as bankers and/or investors will want to know how you will keep track

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

of your future endeavor. You need to carefully spell out your needs and their costs to insure you are asking for the right amount of money for your new project and to insure that you know what you need in advance. All too often entrepreneurs are

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

Examples of combination products may in

not completely sure of what is needed and then when they see what is available they want it, this adds costs. Then comes the customization and feature creep as high paid programmers design the modifications.

A business plan needs a complete desc

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

ription of the exact needs of the computer system and subsequent upgrades due to future expansion prior to launch. Of course new systems will be put onto the market and these new innovative systems will have different costs. You may also wish to

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

address this fact. Investors and bankers need to feel confident that you understand the true costs and associated problems with software and hardware before you start. Having read many business plans, I have seen few, which take these issues into

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

Combination pro

consideration. I have seen many entrepreneurs fall down in these issues and it ends up costing them later, even sometimes causing failure of their businesses. You need to be thinking here.

Below is a sample “computer system” section of a busine

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

ss plan, which clearly defines the level of detail needed. This sample is from a simple business, we chose to use a mobile car wash company, which is a franchise of a larger company. The larger company dictating exactly what is needed. Most entre

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

preneurs are not so lucky in that regard and will in fact need to study all the possibilities before finishing their plan. This serves as an example, as most business plan books do not do justice to the importance of computer systems in their sam

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

ples. Think on this.

- - - - - - - - - - - - - - - - - -

Systems, Procedures, Computer, Credit Card Units

Phone Dispatch System:

Every customer calling into our company for service will call a 1-800 phone number. This phone number will ring

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

at the franchisor’s dispatch service. The operator will answer, asking ‘What city are you in?’ If the customer asks for our exclusive city we’ll get the page. They will be asked the following:

· Phone Number
· Address
· Name
·

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

Services Requested

This information is typed into a computer and paged out on an alphanumeric pager. All information becomes part of our computer customer data base which is updated monthly by our franchisor. Each truck has a pager for their r

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

Following aspects would a

oute. This system is maintained, operated and paid for by the franchisor. We will not have to hire secretaries to answer phones or dispatchers to route trucks, no matter how many mobile car wash trucks we have on the road.

Procedures:

Our fra

dd to the challenges in developing combination products:

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

nchisor has built all mistakes out of our business to insure smooth and efficient operations. They have provided us with the following manuals:

· Employee
· Marketing
· Operations
· Training

We intend to follow the procedures ou

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

tlined in these manuals. If we have any questions about anything that is not in the manuals or anything we do not 100% understand, we will call the franchisee hotline number at Car Wash Guys headquarters or ask our regional director on his weekl

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

y visits.

Computer System:

We will be using the following hardware in our franchise business:

IBM Compatible Computer
233 MHZ Pentium MMX
5 GB RAM
45 GB Hard Drive
High Speed Internet and WiMax
12X Speed CD ROM
1

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

5” SVGA Monitor
HP Printer
Computer Desk

We will be borrowing the following software and user guides from Car Wash Guys International, Inc.:

· Ascend
· Microsoft Windows
· Microsoft Office 2003

This software will

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

Professional from academic institutions, pharmaceutical industries, health care indust

hold the following files and databases:

Files

Bid Proposals

Feasibility Study

Fundraising Sample Flyers, Coupons, Etc.

Sales Letters

This Business Plan

Etc.

Databases

Business Listings Database

Chamber Of Commerce Database

Competition

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

Database

Customer Data Base

Fax List Database

Network Database

Service Clubs Database

V.I.P. Database

These files will help us move quickly with marketing efforts, keep us in touch with our community and abreast of all competition operating

.

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

within our exclusive territory. These databases also will help our franchisor with regional public relations and community based marketing. By doing this, our franchisor will help us maintain strong name recognition and pass on quality sales l

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

Companies that provide selfless information through particip

eads.

We will be sold as part of our franchise system:

· Scheduling Software
· Accounting Software

These programs are ours to keep and we may use them for personal use if we wish. This way we won’t mix our business with our personal life

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.usefuladvices.org.ua/article/45233/usefuladvices-Business-Plan-Descriptions-of-Computer-System.html">Business Plan Descriptions of Computer System</a>

BB link (for phorums):
[url=http://www.usefuladvices.org.ua/article/45233/usefuladvices-Business-Plan-Descriptions-of-Computer-System.html]Business Plan Descriptions of Computer System[/url]

You could be selling brand new BMW's at $1 each, but if nobody ever got to hear of your amazing deal then nobody could ever buy into the bargain...

If you are not using a reminder tool in your sales process, your customers will forget you are around. In most cases, probably 90 percent of the time, a buyer is not ready to buy, when you are ready to sell. If you have an automated reminder program in your sales process, you will capture more sales automatically.

Tags

Links

Useful Advices - Business Plan Descriptions of Computer System

Related Articles: