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Before starting your IT consulting business, take the steps that will lead to your success. In this article,

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

learn about three steps you should take before beginning your IT consulting practice.

Step Seven: Arrange Yo

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

Examples of combination products may in

r Telecom Services

Get a business telephone number or a mobile phone or something that you can answer with y

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

our IT consulting business name so you sound professional. Don’t go too cheap and use your home phone number

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

nd a cheesey answering machine or it will really destroy your professional image.

Make sure you convey a pro

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

Combination pro

essional image all the way. The $40 or $50 a month you spend will be well worth it.

You should also get a d

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

omain name registered. Ideally, you should pick out your domain name and IT consulting company name at the sa

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

e time so you make sure you get your first choice of a dot com.

Get your email and Webster-hosting ready to

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

o. Decide what physical address you are going to use. Watch out for any home office zoning laws if you are

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

going to be operating your IT consulting business out of your home.

Step Eight: Order Your Business Cards

G

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

either with 2 color or 4 color at this stage of the game. If your budget for business cards is 60 to $80 for

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

Following aspects would a

a thousand cards, you should be fine. Don’t go overboard on printing a ton of them.

If you do, your bound t

dd to the challenges in developing combination products:

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

o decide to change your logo or address and you'll be stuck with cards you can't use. Get the minimum quantit

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

. You can always get a reprint later.

Step Nine: Set Up Your Sales Tax

If you are reselling products, you w

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

ll need to get a sale tax certificate or sales tax collection receipt from the province or state you are loca

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

ted in. It is one type of regulatory agency there.

You may want to open up some distributor accounts especi

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

Professional from academic institutions, pharmaceutical industries, health care indust

lly with the big two Ingram Micro and Tech Data. Ingrammicro.com and techdata.com. The big two distributor

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

are XENIX, which just went public, and D&H. You should also have a merchant account. You want to be able to

.

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

get a credit card authorization for any sales.

Copyright MMI-MMVI, Computer Consulting 101. All Worldwide R

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

Companies that provide selfless information through particip

ghts Reserved. {Attention Publishers: Live hyperlink in author resource box required for copyright compliance

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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