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A new year means a new beginning, and it's a good time to think over your ideas and tactics for 2006.

The plans you have for your business in 2006 will depend on where your business is in the bu

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

siness cycle. You'll have different tactics if it's your first year in business, to someone whose business has matured and who has passed the five-years-in- business mark.

If your business is new

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

Examples of combination products may in

recognize that more businesses fail in the first year than at any other time. The failure can be due any number of reasons, including: a lack of preparation, a lack of understanding, and a lack

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

f financial support.

More often than not, extremely successful people have had many business failures. If your business fails, it's not the end of the world. It doesn't mean that you'll never be

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

able to run your own business --- it will just take you longer to get there.

Also, if it's your first year in business, accept that business runs in cycles. You'll have busy times, and you'll ha

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

Combination pro

e slower times. Sometimes the slow times will be seasonal, either because it's summer and people are on vacation, or it's holiday time. At other times, business will just be slow! After the first

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

year, you'll understand that business moves in cycles, and you'll put money aside to tide you over in slow periods.

If you've been in business for a number of years, your business faces other da

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

ngers --- that of the maturing business. Six years is a danger point. I've seen this in many businesses. They steam ahead brilliantly for five years, and then hit the skids. For whatever reason

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

once a business gets to the six year mark, it needs to revamp itself to stay alive and vital.

So, whether your business is brand new, or whether it's maturing, what's NEW for your business in 2

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

06? Here are some ideas:

=> Set New Goals

When it comes to setting goals, don’t be timid! Set outrageous goals for yourself in 2006, goals which get you enthusiastic and excited.

You'll sometime

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

read articles which suggest that you should set realistic goals. Fair enough. The trouble with realistic goals --- like doing ten per cent more business this year than last year --- is that thes

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

Following aspects would a

e kinds of goals don’t get you excited. What you need are BIG, extreme goals which get you enthusiastic.

Set a goal to double or triple your income --- why not? After all, you just might reach t

dd to the challenges in developing combination products:

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

e goal!

=> Get New Clients

How many new clients do you want to attract in 2006? Ten? Twenty? A hundred?

Start by working out what processes you've used to attract clients in the past. Do you mai

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

ly get new clients through referrals, through advertising, or through cold calling?

Set a goal to do more of what's worked in the past. Don’t stop at setting the goal however, schedule the work

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

in too --- block out the necessary time in your day planner each week.

=> Make New Contacts

The more people who know about you and your business, the more business you will get. When you own a

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

usiness, you can’t afford to be a shrinking violet, or you won’t be in business for long.

You can make new contacts in any number of ways. You can network in your local area through business gro

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

Professional from academic institutions, pharmaceutical industries, health care indust

ps, join clubs, and join volunteer groups.

You can also network online, by joining various business-oriented groups.

=> Learn New Techniques

This is the time to decide what you need to learn to mo

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

ve your business ahead in 2006. You could take a couple of business courses at your local community college, or learn CSS or some other technical skill related to the online world.

Don't feel t

.

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

at your education has to be related to business or to writing --- anything you learn will improve your work in subtle ways. If you've always wanted to take a photography course, or an advanced dr

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

Companies that provide selfless information through particip

ving course, go for it!

Make your plans for 2006 now. Remember to review your plans at least once a month so that you stay on track. All the best for 2006 --- you CAN make it your best year ever

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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Have you ever had a toner spill? This article will give you some ways to clean up and prevent toner spills.

One of the prime problems in today’s data centers and offices is that of space. With ever-expanding scales, it is imperative for office areas to be space efficient, economically designed, and yet provide a good working environment. This is where the concept of office workstations comes in. Office workstations allow you to divide your office into semi-private work areas without building permanent structures. Due to their flexibility and modularity, a wide range of layouts are possible while meeting all the workspace requirements of the employees. Well modeled and laid out workstations can often assist employees in achieving a higher degree of efficiency and productivity.

Have you ever had the client from hell? The one who has been with you for some time, maybe from the beginning, that every time you do a project for them they put you through so much grief that you feel like taking a flying leap from the top of a freeway overpass?

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