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Top Adding - Searching For An Internet Home-Based Business? The Questions Begin With You
When I lost my long-term employment only then did I truly realize that I had a CHOICE. I consciously made the decision to work at home from the Internet.
First, let us
First, let us
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
acknowledge some of the reasons Internet home based business is BIG business:
• Job security once taken for granted is declining due to outsourcing, company closures an
• Job security once taken for granted is declining due to outsourcing, company closures 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
Examples of combination products may in
cutbacks;
• One parent deciding to stay home to raise their children. The lack of affordable child care is often a consideration. It does not make financial sense in m
• One parent deciding to stay home to raise their children. The lack of affordable child care is often a consideration. It does not make financial sense in m
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ny cases for both parents to work outside of the home;
• Private sector pensions and personal savings are no longer adequate when it is time for baby boomers to retire.
• Private sector pensions and personal savings are no longer adequate when it is time for baby boomers to retire.
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
Having an Internet home based business well into our seventies is not all that uncommon, or
• Some of us are just sick of working for someone else and want to enjoy the
• Some of us are just sick of working for someone else and want to enjoy the
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
freedom of working for ourselves.
Ok, you have made the solid decision of becoming a stay at home entrepreneur. With the vast services, products, information and oppor
Ok, you have made the solid decision of becoming a stay at home entrepreneur. With the vast services, products, information and oppor
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
unities the Internet offers becoming overwhelmed can be attained in an instant by a click of your mouse.
I would like to suggest asking yourself a few questions and cre
I would like to suggest asking yourself a few questions and cre
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
te some guidelines BEFORE you go about your quest of finding an Internet home based business. Your business is truly an investment in yourself.
Write these questions an
Write these questions an
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
answers down. Have a dialogue with yourself. You may be surprised how they may vary after a week or so, or you may add questions to your list. The idea is to be conclu
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
sive no matter if it takes a day, a week or three months.
The first question to ask is:
1. What do I want to accomplish with my Internet business? What are my goals? T
The first question to ask is:
1. What do I want to accomplish with my Internet business? What are my goals? T
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
is is not a redundant question. Be specific. Your goals are where it all begins.
2. How much time can I, or am I willing to give to this home based business on a daily
2. How much time can I, or am I willing to give to this home based business on a daily
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
asis? Being very clear on your true time availability is necessary.
3. What is my budget for my business?
4. Do I want my business to be within an established company
3. What is my budget for my business?
4. Do I want my business to be within an established company
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
r do I want to be a totally independent entity with my own products/services? If you want to be totally independent then ........
Your business could spring from an int
Your business could spring from an int
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
erest, talent or hobby that you are knowledgeable and passionate about. Write them ALL down even if you dismiss them from the get go—keep an open mind. I am not a total
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
eliever in the “do what you love and success will follow” mind set being the cure all, but having a true belief in, or a passion for your products/services is essential.
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
5. How knowledgeable am I about my products/services? Do I need to do more research? You certainly do not have to be an expert, but being knowledgeable is important.
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
f you choose to work within a company, your choices are diverse as well. Additional questions could be.........
6. How long has the company been in business?
7. Are th
6. How long has the company been in business?
7. Are th
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ey reputable?
8. Does the company have a strong structure (i.e. training, support, marketing strategy, automation system for payment, invoicing, etc?)
9. Are their pro
8. Does the company have a strong structure (i.e. training, support, marketing strategy, automation system for payment, invoicing, etc?)
9. Are their pro
.
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
ucts/services something I can be proud of?
10. Will I have to do any handling of the products?
And, of course, include on your list other aspects you already know that
10. Will I have to do any handling of the products?
And, of course, include on your list other aspects you already know that
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
you do, or do not want in a business.
The process can feel daunting, but take your time, research and ask lots of questions. It is well worth the expenditure. Good luck
The process can feel daunting, but take your time, research and ask lots of questions. It is well worth the expenditure. Good luck
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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