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E-Folder - The Secret of Self-Investment
"Success is about who you become. The big challenge is to become all that you have the possibility of becoming. You cannot believe what it does to the human spirit to maximize your human potential and stretch yourself to the limit." -Jim Rohn
As a solo-entrepreneur you’re either starting a
As a solo-entrepreneur you’re either starting a
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
new business or intending to grow your existing business. Aside from getting the most obvious systems in place – technology, business and marketing plans, defining your product or services, and finances, what else is needed to be successful?
Self-Investment!
Companies have been bringing
Self-Investment!
Companies have been bringing
; 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
n corporate trainers for years. It’s good business to invest in programs that teach employees how to be better leaders, manage conflict, improve communication, increase sales effectiveness, become more confident, etc. Using a myriad of tools including personality and behavioral assessments,
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
skill building techniques, and self-reflective exercises, many training programs empower people to develop both professionally and personally. Smart, right? Of course, the integration and sustainability of the information is dependent upon how much a person values self-development!
Having
Having
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
cutting edge technology, innovation, great products and services is not enough to guarantee sustained success. Why? Because people drive the success of a business. The greatest asset a company has is its workforce. To grow a business, you must also be growing your people!
What does that ha
What does that ha
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ve to do with being a solo-entrepreneur? I’m so glad you asked!
If I had a $1.00 every time I heard someone say, “Just show me (or tell me) what I need to do to accelerate my business, build wealth, manage my time….” Many people believe that focusing solely on strategies to achieve exter
If I had a $1.00 every time I heard someone say, “Just show me (or tell me) what I need to do to accelerate my business, build wealth, manage my time….” Many people believe that focusing solely on strategies to achieve exter
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
al goals is the best way to achieve success.
The truth is that, for your business to flourish, you must be flourishing as a person. Looking to grow your business without investing in yourself is a plan to limit your business success. Your outside world (your life) is a reflection of your i
The truth is that, for your business to flourish, you must be flourishing as a person. Looking to grow your business without investing in yourself is a plan to limit your business success. Your outside world (your life) is a reflection of your i
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
nside world (who you are). Who you are affects what you do (or don’t do!)
If your business and personal life is NOT flourishing, where are you looking for your solutions? Self-investment is a vital key in having a successful business AND a fulfilling life!
For a solo-entrepreneur, investi
If your business and personal life is NOT flourishing, where are you looking for your solutions? Self-investment is a vital key in having a successful business AND a fulfilling life!
For a solo-entrepreneur, investi
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
g time, energy, and resources to grow yourself is a critical key in the level of success you achieve.
Here’s a great example:
One of my coaching clients (I’ll call Carol), is a single entrepreneur who owns a graphic design company. Relocating two years ago, she has been working long hours
Here’s a great example:
One of my coaching clients (I’ll call Carol), is a single entrepreneur who owns a graphic design company. Relocating two years ago, she has been working long hours
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
to jumpstart her business and build a name for herself in the area. Because of her hard work and marketing savvy, Carol has built a strong following very quickly. (Normally, business takes 3-5 years to build). In fact, her business is growing so fast, she is unable to keep up! You might b
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
thinking, who wouldn’t want that? She should be celebrating, right?
She’s not! In fact she began feeling depressed. Working such a hectic schedule was beginning to take negative tolls on her. BIG FLAGS!!!!!
Here’s the rest of the story……
• Carol works 16 hour days and works on weekends
She’s not! In fact she began feeling depressed. Working such a hectic schedule was beginning to take negative tolls on her. BIG FLAGS!!!!!
Here’s the rest of the story……
• Carol works 16 hour days and works on weekends
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
ecause she fears losing business. Her private life is almost non-existent.
• A perfectionist, Carol put enormous pressure on herself in servicing her clients. She constantly feels stress and worries about keeping her clients happy. (They are usually thrilled with her results!) Even tho
• A perfectionist, Carol put enormous pressure on herself in servicing her clients. She constantly feels stress and worries about keeping her clients happy. (They are usually thrilled with her results!) Even tho
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
ugh she is highly talented, she’s tough on herself, and lives with fear and self-doubt.
• As a one woman- show, she manages every aspect of her business. And, having grown so quickly, she has no systems in place to help run her business efficiently. As a result, she feels overwhelmed a
• As a one woman- show, she manages every aspect of her business. And, having grown so quickly, she has no systems in place to help run her business efficiently. As a result, she feels overwhelmed a
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
d stressed with all the people and responsibilities she has to manage. Who wouldn’t?
• Her relationships with her husband and friends are suffering. She is so busy working, she has no time for the people and things she loves the most. Or, even time for herself!
• Despite all of
• Her relationships with her husband and friends are suffering. She is so busy working, she has no time for the people and things she loves the most. Or, even time for herself!
• Despite all of
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
her business success, she is concerned she is losing her enjoyment for her work. She has difficulty sleeping at night, unable to turn off her brain. She often feels exhausted. She feels more like a human doing than a human being.
If her outer world was in chaos, imagine how she felt on
If her outer world was in chaos, imagine how she felt on
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
the inside!
Carol is a smart woman. She realized she was working harder, not smarter. What did she do? She understood she needed help to continue to grow her business and thrive as a person. She also realized that in order to change the way she was running her business (or more accurately
Carol is a smart woman. She realized she was working harder, not smarter. What did she do? She understood she needed help to continue to grow her business and thrive as a person. She also realized that in order to change the way she was running her business (or more accurately
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
, how her business was running her), she needed to look at herself.
So, she hired a personal and business coach (me!)
Some of the things we worked on together included:
1. Adding systems to work more efficiently
2. Developing strong marketing and business plans
3. Delegating ad
So, she hired a personal and business coach (me!)
Some of the things we worked on together included:
1. Adding systems to work more efficiently
2. Developing strong marketing and business plans
3. Delegating ad
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
inistrative responsibilities to free up her time.
4. Identifying her values, vision and purpose
5. Time management
6. Extreme self-care
7. Designing strategies to help her stay focused and motivated
Motivated by the chaos and anxiety in her life, Carol has made huge
4. Identifying her values, vision and purpose
5. Time management
6. Extreme self-care
7. Designing strategies to help her stay focused and motivated
Motivated by the chaos and anxiety in her life, Carol has made huge
.
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
progress in six short months. Choosing to make the investment in her business and herself, Carol is beginning to enjoy her work again and have a life!
Bottom line:
Learning more about who you are on the inside (your beliefs, core values, natural strengths, passions, innate talents) is th
Bottom line:
Learning more about who you are on the inside (your beliefs, core values, natural strengths, passions, innate talents) is th
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
KEY INGREDIENT to making decisions that produce deep satisfaction and extraordinary results. By bringing who you are into the equation, you can view a full spectrum of choices and solutions to reach more satisfying and richer outcomes- like bringing Technicolor to a black and white picture
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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