Main Subject - Business

Having worked in non-profit organizations in three different countries, I have seen the benefits and drawbacks of non-profits hiring full-t

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

ime Administrative support staff. There are many different reasons why a Virtual Assistant would be a better choice for non-profits and I

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

Examples of combination products may in

have come up with these seven.

1) Cost – Virtual assistants cost less than their in-house counterparts. With lunch breaks, coffee breaks,

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

telephone calls and personal conversations, most in-house employees work less than 28 hours per week. Costs such as benefits, training, o

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

ffice setup, etc. also cost the organization money that it doesn’t always have.

2) Loyalty – This can be a great thing to have from an emp

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

Combination pro

loyee, but can be a costly thing to have as an employer. When things get tight, as they always do in non-profits, we are less likely to la

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

y off staff. This is great and the probably the right thing to do, but it does cost. Hiring a loyal Virtual Assistant when needed is bett

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

r than having to lay people of when needed.

3) Expertise – I have seen it time and again. People are hired because they like to “help out

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

” and have been volunteering for a long time – not necessarily because they have the skills and expertise that the position requires.

4) P

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

erspective – Having a Virtual Assistant that supports the ideals of your organization, but is not actually involved gives you an outsider’s

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

point of view. This can come in handy when decisions have to be made and it’s hard to see the forest from the trees.

5) Timing – There a

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

Following aspects would a

re always busier times in non-profit organizations. Why not hire a Virtual Assistant to create your quarterly newsletter, organize and mai

dd to the challenges in developing combination products:

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

l out your yearly donation receipts, or create the posters and mail out the thank you cards for your annual fundraising drive.

6) Voluntee

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

rs – Volunteers are the backbone of the non-profit organization, but volunteers only have so much time and ability to “donate” to your orga

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

ization. Having a cost effective, dedicated alternative for administrative tasks is a great way to avoid “volunteer burnout”.

7) Networki

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

ng – Non-profits need networking like any other business, if not more. A good Virtual Assistant is another way of networking for your part

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

Professional from academic institutions, pharmaceutical industries, health care indust

icular cause. They are members of organizations and associations and have contacts that you may never be able to reach on your own. They

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

may even have other clients who are willing to donate their time or resources to your organization.

Think about these seven points and rea

.

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

lly look at how your non-profit organization can benefit from a Virtual Assistant. Then when you are ready to hire one, do some research a

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

Companies that provide selfless information through particip

nd find one that fits with your organization. Find one that shares the same values and will partner with your organization for its success

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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Setting up an office requires a lot of commitment, energy and most of all, considerable cash. Even though you may wish to buy the best office equipment available, it may not be always possible. You may have to settle for used office equipment to fulfill your immediate requirements. Also, the amount of money that you save in buying used office equipment will be quite considerable. This money can be used to fulfill the more urgent requirements of your business and its needs.

Would you believe it's beneficial for you to do so? Surprising to many people most employers are more impressed with an applicant that has questions for them and is prepared to ask them. Want to know what type of questions you should ask?

Business networking, or network marketing, can be a gold mine for home-based entrepreneurs, small business owners and independent agents. It is relatively easy to do, fit into your schedule and more affordable than the cost of direct mail or print advertising.

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