Main Subject - Business

I was reading the local paper and came across a picture of the cleanest garage I ever saw. In addition to a picture of the garage there was a picture of a gentlemen, in his late 60'

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 cleaning the cobwebs with an extension pole. I thought to myself I have never seen a garage so clean in my life. The accompanying article was discussing how this individual and an

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

Examples of combination products may in

other had painted and put cabinets in their garages, and how you could eat off this garage floor.

Now we have all seen those storage cabinets for garages, but how many of us eve

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

r get them and if we do, don't we fill them up and then the garage goes back to looking like it did before we got them. Imagine if someone would come to your home, condo or townhous

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

and clean out, paint and organize that garage for you; and you would tell them how you want it done. I am not talking about those expensive ads we've all seen where they can come

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

Combination pro

in and re-do your garage. Not many of us have thousands of dollars to spend on our garages.

It got me to thinking that this could be the perfect business for someone who loves t

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

o clean and organize. You could network with one of the local home depot places to provide you cabinets, or you could take your re-sale number and purchase them directly from the ma

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

nufacturer, rather than dealing with a local company. The only negative sometimes with dealing directly with the manufacturer, you might have to purchase larger quantities or they m

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

ght have minimum order requirements.

You could run small classified ads in your local paper, in specialty papers in your area or make up flyers with a before and after picture of

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

what you could do with someone's garage. You'd meet with the homeowner and discuss where certain items would be placed, inform them of your services: painting and providing cabine

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

ts and then re-organizing the garage for them. If it were me I would certainly get half of my fee up front (which would also include the cost of the cabinets).

Like the article I

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

Following aspects would a

read, get your local paper to feature your business. Show them a before and after picture. It would certainly be a great way to get you more business. Remember a picture is worth

dd to the challenges in developing combination products:

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

a thousand words.

What should you charge. I really don't know. However, if I were thinking about starting this business I'd call homeowners and ask them what they would pay. Tell

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

homeowners you are doing a survey and just want to know if they would be interested if someone would paint, and re-organize their garage, and if so, what would it be worth to them.

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

You would also have to find out the cost of the cabinets beforehand so that you could factor this into your cost; in addition to how much paint you would need for the average garag

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

e. You would obviously want a paint that is easy to clean. The biggest thing is to decide how much time it would take and what you want to make per hour. If it were me, I would do i

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

Professional from academic institutions, pharmaceutical industries, health care indust

on a sliding scale. By this, I mean it would depend on how much work the garage needed.

You could also do quarterly, or semi-annual follow-up for webs and washing of the walls

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

and floors and do any re-organizing.

I might be way out of line, maybe somebody is already doing it. Again, I don't mean the redesigning and remodeling companies we've all seen,

.

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

I mean a small or homebased business owner.

Anyway, it was just a thought! It gives those of you that think there is no type of business you can run an idea of how some business

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

Companies that provide selfless information through particip

ideas come about. Think about what you like to do, what your passionate about, and see if you can develop a business around your interests.

Copyright 2002 DeFiore Enterprises

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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We all use email in our business. Make sure your company does not make these 5 mistakes about emails that can hurt your business.

Quality is ultimately a question of customer satisfaction. Good Quality increases the value of a product or service, establishes brand name, and builds up good reputation for the garment exporter, which in turn results into consumer satisfaction, high sales and foreign exchange for the country. The perceived quality of a garment is the result of a number of aspects, which together help achieve the desired level of satisfaction for the customer. Therefore quality control in terms of garment, pre-sales service, posts -sales service, delivery, pricing, etc are essentials for any garment exporter.

Business is not asset and revenue driven. It is the specific knowledge which makes the business viable. Author describes how knowledge does wonder.

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