Main Subject - Business

If you're the owner of a small business and have limited resources, use the power of numbers to obtain more cust

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

omers or clients. Create an informal co-op.

Creating such a co-op is simple. First, make a list of other small

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

Examples of combination products may in

business owners you know personally, trust, and respect. On your list, include some businesses that have produ

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

cts or services similar to yours and others that provide very different ones.

All of these small business owner

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

s probably have limited resources, too. Arrange a meeting with several of these owners and sit down together at

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

Combination pro

a relaxing location (like a coffee shop or bookstore) to discuss how you could all benefit from an informal co

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

operative (co-op, for short).

For example, do you all attend trade shows for your businesses? Could you share a

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

booth with one or two of these other small business owners to cut the cost of a booth? Do all of you have web s

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

ites for your companies? If so, it would be easy to create a blog for your co-op, with links to the web site o

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

f each co-op member. Then, each member could take a turn updating the blog, which should result in increased web

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

site traffic (or at least more publicity or exposure) for each member.

Co-ops are also helpful when you would

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

Following aspects would a

like to join professional organizations but can't afford the dues by yourself. Join as a co-op and you'll prob

dd to the challenges in developing combination products:

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

ably get membership benefits for at least several of your members. Join several different organizations so that

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

each co-op member can enjoy membership in at least one organization of his or her choice.

Here are some examp

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

les of the types of businesses that would make good co-ops:

Car dealerships - car washes - auto parts stores

C

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

hildcare centers - children's bookstores - children's clothing stores

Graphic designers - freelance writers - sma

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

Professional from academic institutions, pharmaceutical industries, health care indust

ll printing companies

Animal clinics - pet stores - pet grooming centers

Advertising agencies - specialty food s

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

tores - gift basket companies

Freelance writers - gift stores - day spas

Are you beginning to get some ideas?

S

.

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

tart thinking about creating a business co-op and you'll probably think of many other cost-saving and service-sh

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

Companies that provide selfless information through particip

aring ways to fit your particular needs.

Create an informal co-op, then sit back and watch your business grow

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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Most often it is essentially said that word of mouth is the fastest way of making your business known. But how sure are you that the people you informed and told about will remember what you told them. Mostly only 25% of the people you informed will mostly remember you.

Customer satisfaction is valuable, but customer loyalty is priceless. In today's competitive world of business, it is becoming more and more important to deliver customer service that is unbeatable. ...

It's easy to increase your sales and bookings by using just one question. By using on the spot testimonials your sales and bookings will soar.

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