Main Subject - Business

A business opportunity intake process is a must have for ALL but especially for solo-professional

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

s, service professionals and entrepreneurs who are constantly looking for and attracting new and

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

Examples of combination products may in

xciting opportunities.

What’s a “business opportunity intake process”?

It's a filtration system

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

of sorts. I'm like a giant generator. The more gas (projects) I take in the more power I'll crea

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. However, putting the wrong kind of fuel in my engine can cause me to sputter and conk out. Hav

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

Combination pro

you ever seen a sports car try to run on diesel fuel? It's not pretty. (Not that I'm necessary a

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

sports car, I may be more of an old beater, but you get the point.) Every engine needs a filtrat

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

on system to keep the system running smoothly and cleanly.

Creating abundance

Everyone has thei

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

own very special way of creating abundance in their life. I do best when I respond vs. initiate.

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

That may seem counterintuitive as I produce a lot. However, most of the projects I take on are i

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

direct response to an opportunity, situation or event that I have come in contact with. I make s

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

Following aspects would a

re to create environments in my life that serve as feeder systems for my work so that I have a co

dd to the challenges in developing combination products:

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

nstant stream of new opportunities. When I do respond to something, my response is immediate, fas

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

, focused and aggregated.

I often feel like a magnate, however, magnates can attract anything (s

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

to speak) so I am careful to filter properly. Hence, my business opportunity intake process… Wh

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

en an opportunity presents itself I raise this question: "Is this opportunity a new feeder syst

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

Professional from academic institutions, pharmaceutical industries, health care indust

m for me to help service professionals and small business owners create more demand for their pro

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

ucts and services and can I leverage a current asset on this new opportunity and/or can I create

.

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

a new asset with this opportunity to leverage throughout my current businesses?" If not, I pass

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

Companies that provide selfless information through particip

If yes, than I jump on it right away.

Simple. What's your business opportunity intake process

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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Seasoned online marketers sometimes get carried away using words and phrases that new marketers don't understand. When marketing, it's important to keep terms simple and easy to understand.

Both BPM and Six Sigma deals with the dynamics of systematic, data-based experience and information, assisting us in our execution and operations, cutting costs and waste, growing our shareholder value and profits, methodically, strategically, coordinated, focused, with dedicated resources and combined effort.

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Main Subject - Do You Have a Business Opportunity Intake Process?

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