Useful Advices - Business

Journaling For Fun and Profit!

Have you been journaling for many years ? Have you

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

e="mso-spacerun: yes"> ever considered that the age old tradition of journaling could help make you more profitable in your business life.

Even CEO’s of Fortune 500 Companies today are using journaling for profit

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

Examples of combination products may in

I have been journaling for several years… In our Small business office we have a leads journal where all brand new prospective business is immediately written down so we don’t lose it…. Particularly when I get distracted and go off on one of my creative tangents.

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

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I have a daily journal where I write notes on every conversation that I have with a client or supplier as I am having the chat… so I will remember any and all main points, plus my commitments… I have a journal that I write notes in when I am listening to classes or courses so that I can quickly review the information and think about how I want 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

tyle="FONT-FAMILY: Georgia"> think about the information. However, recently I discovered a new twist on the art of journaling.

I was in a class on a Sat. with one of my favorite coaches . Joe

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

Combination pro

N style="mso-spacerun: yes"> had flown in from San Diego to spend the day with our group. He had a rather novel approach to journaling which I have been utilizing for the past month with rather surprising and interesting results.

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

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Here’s the gist of it.

Joe uses two journals…An imput journal and an output journal..

The

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

input journal is used when listening to tapes, reading a book, generally for learnings and thoughts on learnings..

The Output Journal :

Step 1/ M

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

ke a list of everything on your mind , literally, dump it out......put air in the Mercedes tire, buy a new electric toothbrush, pick up fresh vegy's…. And on and boring on…no matter how seemingly small or petty.

The idea behind this is that you dump your load. Today our minds are in overwhelm, we have so mu

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

h coming at us… there is no room for more.

I have been practicing this for about 6 weeks now. Just a couple times a week. It is interesting how it empties the mind. Ergo the well known zen koan that suggests the tea cup that is overflowing cannot retain any new content, therefore we have to learn to dump the

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

up before anything more can come in.

What has been interesting about this process is the quality of what comes out on paper after I have dumped the load… I used to have days of challenge with what was happening when I journaled because I would hold a lot of co

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

Following aspects would a

tent in my head while trying to write about a particular area or subject.

Joe says that the mind is for processing not for retaining content . All that content slows us down as we never stodd to the challenges in developing combination products:

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

rgia">p thinking about it. So first you dump the load.

Once you’ve dumped your load and all the great ideas and projects start to pour out you have some decisions tocts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

: Georgia"> make; you won’t be able to tackle them all. Sit with them for a time until you figure it out.. here’s the next step.

Step2: Note all the one step processes and highlight them in yellow.

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

: auto">Pick up fresh vegy’s is a one step process. Get them done or delegate them. Get the one step projects out of your life because they take up mental energy and space, blocking your better projects.

All processes with 2 or more steps highlight in green, it’s a project. This is where you have to<

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

SPAN> be picky. It is highly unlikely you will ever accomplish all of your multi step projects. So you need to develop a system for choosing depending on your values. Which ones are closest to your heart, or which ones monetarily allow you to

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

Professional from academic institutions, pharmaceutical industries, health care indust

leverage your time to create the greatest financial benefit. You Pick. This reduces the number of tangents particularly for creative types.

Step#3 When it goes beyond project status it’s a letter toy and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

gia"> God . Joe writes a letter to his inner CEO of what the completed project would look like, puts it into his God box and then leaves it alone. I haven’t tried this last one yet but I will test it in the near future.

.

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

I have been moving ahead much more naturally on a couple of major projects in the last 30 days. My brain has simply been clearer.

The concept behind this system to

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

Companies that provide selfless information through particip

:PersonName> repeat it again is that “the brain is a tool for processing and not for storage”… So don’t get stuck with a lot of stuff in your head So give it a try and let me know your results in a month or two. Have a great week.

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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