Main Subject - Business

Solopreneurs can get awfully wrapped up in their own little world. Let’s face it, we can’t be all things to all people. We know there are ways we c

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

ould expand our business but there just isn’t time, and frankly we don’t offer everything our client?le wants. Start a local business networking gr

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

Examples of combination products may in

up in your niche market and watch your business explode!

What is it that you don’t offer that would help your clients achieve more of what they’re

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

after? Those are the other professionals that you want to find and network with. You’re more powerful together than you are as detached units becau

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

e you supplement each other’s products and services.

Here are just a couple networking ideas that could grow everyone’s business.

Say you’re a fl

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

Combination pro

rist and many of your customers are buying for weddings. You seek out the top local wedding planner, custom dressmaker, travel agent, tux rental, c

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

terer, photographer, masseuse, and custom bakery. Together you put together a whole package deal that saves the bride and groom money, time, and ha

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

ssle. With one meeting they can go over their entire plan of food, flowers, dress, photography, pampering, and honeymoon. Synergy happens, the wed

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

ing is gorgeous, the happy couple shares their “custom wedding planning partners” with their friends and co-workers, and the referrals start flying

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

in!

Or say you’re a pediatrician just opening a practice in the suburbs and you’re trying to attract new families. Why not partner with your favor

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

te obstetrician, a nursery design specialist, a baby photographer, a maternity shop owner, and a gym that offers Mommy and Me classes. You can brin

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

Following aspects would a

your local market a premium “Baby Welcome Package” with a little brainstorming and some local press coverage.

I’m part of a local dd to the challenges in developing combination products:

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

www.kingdomwork.com/advantage-conferences.html" target="_blank">Christian business networking group and we limit the members so we have just on

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

in each category, such as real estate, financial planning, photographer, plumber, business attorney, etc. Our commonality is our Christian faith a

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

nd that we want to help support each other both personally and professionally.

As far as logistics, we meet twice a month for lunch. We each have

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

30 second “commercial” where we can share anything new that we’re offering, or get to know our guests a little bit. We rotate through the members

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

Professional from academic institutions, pharmaceutical industries, health care indust

or who gets the 10- to 15-minute “spotlight” each meeting to go into more depth about what we do and how that can benefit the other members, and in

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

vitably someone is offering a free consult or product of some kind so we get experience in using each other’s business services, and just make grea

.

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

new friendships too.

Who could you find to include in a business network within your own niche? Start with just one or two and do some brainstorm

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

Companies that provide selfless information through particip

ng. You’ll come up with plenty of ideas and every group will go about it differently. Bottom line, it means more fun and more business for everyone

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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Here's a news flash: Your phone ain't gonna ring just because you sent them a resume. You must follow up after every resume you send..

Communication is the key to your success at work, at play, and at home. Here are six tips that will make a difference in your life.

Is your company's messaging and positioning caught in the same ho hum features and benefits trap that many companies face? If so, it's time to consider shifting your strategic marketing plan and going up market with your company's messaging and positioning. Doing so can have a transforming effect on your companies ability to compete and successfully win in its target markets with its target customers.

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Main Subject - Business Networking - Quick Tips to Start a Niche-Related Local Networking Group

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