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I’ve heard several successful entrepreneurs refer to themselves as serial entrepreneurs. I would have to say that I fall

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

into that label. As a child, I was always coming up with different ideas of how to separate my Elementary School friends

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

Examples of combination products may in

rom their allowance…in a good way!

Now, my oldest, who is in Elementary School, is following in her mother’s footsteps.

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

he’s been begging me to put her old Easy Bake Oven on eBay in hopes of making boat loads of cash. Unfortunately, I told h

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

r it doesn’t quite work that way, but I have come up with a few ideas she, and your Elementary School aged child can do, t

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

Combination pro

o!

1. Selling water bottles and drink mix at yard sales. We’ve actually already tested selling ice cold water bottles 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

d soda at yard sales, but if you buy some of the drink mix “singles” that can be mixed right in the bottle, you have a gre

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

t “upsell” after your yard sale shoppers buy the water. Be sure your child is out there selling it. People are suckers f

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

r helping out kids.

2. Cutting out coupons to sell on eBay. Believe it or not, people actually buy your Sunday paper co

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

pons on eBay. Now, you will have to put a note in your auction that says you aren’t selling coupons, but the labor it too

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

to cut them out. My daughter cuts them out and I list them and she keeps the profits. Makes a good math lesson, too!

3

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

Following aspects would a

. Pet sitting. This is a classic kid job that works well if you are in a neighborhood. Just make all arrangements befor

dd to the challenges in developing combination products:

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

the family needing a pet sitter leaves and your child will go over to the house to feed and play with the pet while they’

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

e gone. I would advise that you go with them, just to make sure the child doesn’t get nosy or get into trouble.

4. Plan

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

watering service. Some people really love their plants, so what better service for a child to provide to traveling famil

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

es than a plant watering service? Keep the same principles in mind as the pet sitting, but the service will be much less

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

Professional from academic institutions, pharmaceutical industries, health care indust

ntensive since plants don’t need as much attention as pets.

5. Mother’s helpers. For older Elementary and Middle School

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

age children who love babies and toddlers, but are too young to babysit by themselves, a mother’s helper might be the perf

.

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

ct job. The child would just play and entertain the baby or toddler while the mother worked on other projects around the

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

Companies that provide selfless information through particip

ouse.

All of these ideas have little to no start up costs and can help foster the entrepreneurial interests of your child

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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The Federal Trade Commission recently put forth a report to the franchse industry for comments to use in an upcoming rule-making event, which is sure to modify the current franchise rule. Many have been critical of additional rules in the industry, but none more critical than myself.

There are 5 main categories of fraud symptoms that include internal controls, analytics, accounting entries, strange behavior, and tips of other employees. Knowing the symptoms will facilitate the detection of the fraud.

The old times have gone, you don't have to beg for a job anymore, know how much you are worth and go for it. Either if you want a online data processing work at home job or any other kind of freelance job, you can find it on the internet without much trouble.

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