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Main Subject - VA's - Your Secret Weapon
Probably the biggest problem with being a small business owner is right there in that phrase. Small.
Small means few or no employees. Small means you end up doing most, if not all, business tasks yourself.
Whether or not you're
Small means few or no employees. Small means you end up doing most, if not all, business tasks yourself.
Whether or not you're
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
any good at them.
But even if you ARE perfectly capable at completing those tasks, is doing them really a wise use of your time? (Just because you CAN do something, doesn't necessarily mean you SHOULD.)
As a business owner, yo
But even if you ARE perfectly capable at completing those tasks, is doing them really a wise use of your time? (Just because you CAN do something, doesn't necessarily mean you SHOULD.)
As a business owner, yo
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
should be focused on the big things – a vision for your business, putting together a plan to reach that vision, developing new products, spending time with your clients and marketing. In other words, those "big picture" tasks th
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
t grow your business.
What you should NOT be doing is worrying about getting your invoices out, mailing products, providing troubleshooting help, scheduling your time and all those other administrative duties.
In fact, the more
What you should NOT be doing is worrying about getting your invoices out, mailing products, providing troubleshooting help, scheduling your time and all those other administrative duties.
In fact, the more
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
time you spend on all the minutia of running a business, the less time you'll spend on tasks that can actually grow your business.
It's a vicious cycle. Maybe you feel like you don't have enough income to hire help. So you do t
It's a vicious cycle. Maybe you feel like you don't have enough income to hire help. So you do t
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
e work yourself. Because you do the work yourself, you don't have the time to work on growing your business. So then you don't feel like you have the income to hire help. And so on.
The same cycle exists if you feel you don't ha
The same cycle exists if you feel you don't ha
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
e enough time to locate and train help. You end up doing the work yourself because there isn't anyone who can help. And because you're so busy doing things you truly have no business doing, you'll never have the time to locate an
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
d train someone to help you out.
In either cycle, you're probably discovering you feel overwhelmed, drained and with zero creative energy. Instead of jumping out of bed excited at being in business, you wake up each morning faci
In either cycle, you're probably discovering you feel overwhelmed, drained and with zero creative energy. Instead of jumping out of bed excited at being in business, you wake up each morning faci
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
g a to-do list longer then War and Peace and wanting to crawl back into bed and put your pillow over your head.
So what's the solution? Hire a virtual assistant.
Virtual assistants, also known as VAs, are freelancers who specia
So what's the solution? Hire a virtual assistant.
Virtual assistants, also known as VAs, are freelancers who specia
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
ize in taking care of the "busy work," freeing you up so you can focus on why you started your business in the first place.
Because they're freelancers, you pay them for the hours they work. And you don't pay for overhead, vacat
Because they're freelancers, you pay them for the hours they work. And you don't pay for overhead, vacat
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
on, taxes, office supplies, a desk, etc. It's a perfect win-win for everyone.
VAs can break you out of both those cycles and put you on the path to building a successful business. They can help you with just about every business
VAs can break you out of both those cycles and put you on the path to building a successful business. They can help you with just about every business
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
task imaginable (with the sole exception of filing – you're probably stuck doing that yourself). Some examples include:
* Bookkeeping, including invoicing, paying bills and following up with unpaid invoices
* Product fulfillme
* Bookkeeping, including invoicing, paying bills and following up with unpaid invoices
* Product fulfillme
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
t
* Customer service
* Answering e-mails and phone calls
* Scheduling business and personal appointments
* Maintaining databases
* Updating Web sites
* Submitting articles to article databases
And much more.
In fact, if y
* Customer service
* Answering e-mails and phone calls
* Scheduling business and personal appointments
* Maintaining databases
* Updating Web sites
* Submitting articles to article databases
And much more.
In fact, if y
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
u want to see a list of what a VA can help you with, check out IVAA.org (International Virtual Assistants Association) and AssistU.com. These organizations can also help you find the right VA for your business. VAs specialize in
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
different business services, such as marketing or bookkeeping, so make sure you find a VA who focuses on what you actually need.
I can tell you from experience that once you take the plunge and hire a VA, you'll kick yourself fo
I can tell you from experience that once you take the plunge and hire a VA, you'll kick yourself fo
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
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
waiting so long. You'll have more time to devote to the tasks you most enjoy (rather then struggling with the ones you hate), you'll be less stressed and have much more creative energy. Plus you'll probably find yourself making
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ven more money.
Creativity Exercise -- Hire a VA
Ready to try a VA but not sure how to begin? I suggest starting small. Like five hours a month.
Make a list of everything you do in your business each day. If you get stuck, kee
Creativity Exercise -- Hire a VA
Ready to try a VA but not sure how to begin? I suggest starting small. Like five hours a month.
Make a list of everything you do in your business each day. If you get stuck, kee
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
p a notebook on your desk and write down things as you do it.
Now look at the list. Pick something you could delegate to a virtual assistant and would take around five hours a month.
Once you find the right VA and have freed up
Now look at the list. Pick something you could delegate to a virtual assistant and would take around five hours a month.
Once you find the right VA and have freed up
.
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
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
those five hours, make sure you use those hours to do something to grow your business. Maybe do some more marketing or develop a new product line.
Now after you've started seeing more income, take some of that extra money and ad
Now after you've started seeing more income, take some of that extra money and ad
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
to your VA's tasks. Again, use the time you've freed up to continue to grow your business. Before you know it, you'll have a built a thriving, successful business with less stress and have more energy and income then ever before
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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