Main Subject - Business

It's a given, isn’t it? If you're in business, your number one job is to market. If you keep your business a secret - don't let people know how you can help make their lives better and what you do, you won't be successful - because no one will know that you're in business. How well you net

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

work, which is the "letting people know how you can help them" part, may well determine whether you succeed – or fail.

There are four main types of organizations where networking opportunities for business owners exist. There are 1) business networking groups, 2) service-oriented groups (

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

Examples of combination products may in

otary, Elks, Soroptimist, for example), 3) our local Chambers of Commerce, and 4) business-specific groups (realtors-only, coaches-only, etc.)

Which one is best for you? Well, in all of the groups, you are connecting with other business owners, getting to know them personally and professi

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

nally, building trust, and forging new relationships that can potentially bring you business. However, with business networking groups, the main focus, the primary objective, is to boost each member's business. And isn't that a great objective?

Business networking groups are "exclusive,"

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

eaning that only one member in each category of business can join. So each group will have only one printer, one residential real estate agent, one property manager, one web designer, etc.

For many women getting started in business, the business networking options probably seem abundant.

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

Combination pro

nline, offline, via email, via telephone, groups meeting weekly, groups meeting once monthly. Some are geared specifically towards women business owners; others are not. Some groups are part of a larger network of regional, national and international association, while other groups are hom

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

grown. The networking events or meetings are usually structured so that women feel "welcome" and are designed to maximize opportunities to meet others. Sounds good, right?

But what if you've never had to network before? Or if you're an introvert? Like me!

Some people make networking loo

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

effortless, but here's a secret: even for the most gregarious among us, networking always requires preparation. Introvert who prepare, practice, practice, and practice can become “Networking Queens.” (And don't forget to breathe!) If you’re a newbie-to-networking, don't let these common m

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

ths about networking de-rail your efforts to become well known in your industry.

Myth #1: Networking groups are only for new business owners.

Truth: Many networking groups who show sustained growth have a majority of members who have been in business at least 5 years.

Myth #2: The only

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

usiness owners who join networking groups are unsuccessful ones.

Truth: See myth #1.

Myth #3: Men don't join networking groups.

Truth: In the small county I live in, men started 1/3 of the business networking groups. One group is a women-only group and the other groups are a mixture of

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

oth men and women.

Myth #4: Only home business owners or solo business owners join networking groups.

Truth: Home business owners join groups quicker because they're looking for community outside their homes. However, many bricks 'n' mortar businesses join networking groups and do extrem

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

Following aspects would a

ely well, too.

Myth #5: Only business owners join networking groups.

Truth: Professionals, usually executives and agents who work for existing companies, join to promote their companies'

services and/or products, too.

Myth #6: Multi-Level Marketing folks are not welcome at networking g

dd to the challenges in developing combination products:

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

oups.

Truth: If you are an MLM-er and attend meetings to sell your products, you'll get a warmer reception if you're there to talk about your products – not to increase your downline.

Myth #7: Dues are so very high.

Truth: Membership dues vary from group to group - some groups have no d

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

es and others charge dues of $500 per year. Find a group that fits your needs or start your own!

Myth #8: You must refer to those you meet at your meetings

Truth: No one wants to refer people they don't know well, so your goal at these meetings is to get to know other members until you'r

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

comfortable referring them. Sometimes, you may have another associate/friend outside the group that you refer instead of, or in addition to, one of your networking partners.

Now, while you're usually not "required" to refer a particular person, remember that referring business to other m

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

mbers is part of the business networking process. (In a few groups, not referring others is a big "no-no" and you will be asked to leave; ask about the rules before you join.)

Myth #9: You must attend all meetings.

Truth: The commitment of your time and talents to a group is very importa

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

Professional from academic institutions, pharmaceutical industries, health care indust

t, since you’ll be part of a team of business owners. In some groups, you - or a representative - must attend all meetings. Most groups have a 75% mandatory attendance of its members. A rare few groups have no attendance rules.

Myth #10: I have to join right away.

Truth: Each group has i

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

s own "flavor." Many groups allow you to attend two meetings as a guest before you have to decide to join or not. Pretty fair rule!

The bottom line is this: People like to do business with people they know and trust. Relationships -- business and personal -- take time to develop. Remember

.

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

that networking isn't about instant gratification - it's about long-term partnerships. The opportunities are numerous – business networking groups are varied enough so that any woman can find at least one group that feels like "home." Or two… or three…

So go grab a cup of coffee and visit

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

Companies that provide selfless information through particip

the list of online and offline networking groups I've compiled over the years. It's time to get out and become a Networking Queen! If I can do it, you can, too!

http://www.coachmaria.com/business/networking.html

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

As long as the advertising industry has been in existence there has been debate about whether advertising is art or commerce. Quite frankly, this kind of divisive argument is a waste of time and has only helped to diminish what little respect the industry has earned through the years. Besides, the answer is simple. Advertising is the art of commerce.

The only constant in this world is change, even then the basic instinct of a human being is to avoid change and to continue with status quo. So the prime question is how to motivate people to change and how efficiently to manage change.

Is your lead generation tool kit well stocked or almost empty? Or are your lead generation tools rusty and no longer work? What lead generation tools are you using? And are the tools you are using producing results? It has been my experience that the more lead generation tools you use, the more leads, clients and revenue you will generate. But, you must use productive and proven lead generation tools that give you a good ROI (return on investment). Reflecting on what have been successful tools for me in the past, your Strategic Thinking Business Coach identified thirteen (13) proven lead generation tools to apply to your service business. And here they are in no priority order.

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Main Subject - 10 Networking Myths For Newbies-To-Networking

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