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E-Folder - Paying the Piper...
I was involved with network marketing in 1996. Although I made some money, it was nothing to brag about. I had to keep my day job.
But that led me to self-development. Because in order for me to make serious money in any business, I had to improve my skill
But that led me to self-development. Because in order for me to make serious money in any business, I had to improve my skill
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
s and capabilities. What I learned through college was mastering performance skills—but what I lacked was success skills.
Skills such as communicating, developing high character, and critical thinking were not in my repertoire. I knew how to make mon
Skills such as communicating, developing high character, and critical thinking were not in my repertoire. I knew how to make mon
; 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
y on the job, but I was success-challenged when it came to personal growth.
Which leads us to Paying the Piper. Or to be more exact: the price you pay for remaining stagnant.
I was stuck at a job I didn't like, working hours I didn't want, for people I di
Which leads us to Paying the Piper. Or to be more exact: the price you pay for remaining stagnant.
I was stuck at a job I didn't like, working hours I didn't want, for people I di
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
n't know, and wishing for early retirement. My co-workers were sick, broke, and many ended up with marital problems. Funeral announcements averaged one per month and personal injuries were rising.
Yet I remained stagnant.
I wanted to leave, but my insecur
Yet I remained stagnant.
I wanted to leave, but my insecur
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ties forbade me to go. I felt like a caged rat running on the wheel, going absolutely nowhere. I didn't want to end up as another statistic. I knew I'd have to pay the piper someday if I didn't get off the wheel.
I didn't know what to do, who to turn to, o
I didn't know what to do, who to turn to, o
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
what it would cost. All I knew was: I didn't want to feel like a caged rat forever.
Which is why I'm writing you...
Because for some of you: you want to make meaning of your life but have no place to start. You desire a more satisfying career, but you've
Which is why I'm writing you...
Because for some of you: you want to make meaning of your life but have no place to start. You desire a more satisfying career, but you've
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
been discouraged. Maybe you've started a small business, but are now stuck. Or maybe you're struggling to let go of your job even though you were designed for a higher calling.
Believe me, I know exactly how you feel...
I was stuck at a job wanting to le
Believe me, I know exactly how you feel...
I was stuck at a job wanting to le
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
ve, but not wanting to leave. I fought and often gave in to the forces that wanted me to stay. But after departing my last pity party—I took action. And so can you...
If you consistently apply these five action steps, you'll conquer stagnancy forever
If you consistently apply these five action steps, you'll conquer stagnancy forever
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
1) Search for a mentor. Every industry has top producers who have knowledge to share. Look for the ones that parallel your interests. Seek them out. Read their articles. Find out if what they offer can help you make breakthroughs.
Breakthroughs are criti
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
ally important. You don't want to spend a whole year dabbling at a new skill. You want to progress and leverage it right away.
But don't stop searching after you find one mentor. He or she usually had many other influences. And by absorbing more positive i
But don't stop searching after you find one mentor. He or she usually had many other influences. And by absorbing more positive i
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
fluences—you become richer.
2) Buy their stuff. It's rarely enough to subscribe to their newsletter or report. You should invest in their deeper experiences. Get their books, CDs, and DVDs. Attend their seminars and teleseminars. Enroll in their coac
2) Buy their stuff. It's rarely enough to subscribe to their newsletter or report. You should invest in their deeper experiences. Get their books, CDs, and DVDs. Attend their seminars and teleseminars. Enroll in their coac
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
hing programs. These will shortcut your learning curve and counter a lifetime of negative programming.
3) Take action. Knowledge alone won't create the lifestyle you've dreamed about. You will have to get your feet wet. The only way to get better is to lau
3) Take action. Knowledge alone won't create the lifestyle you've dreamed about. You will have to get your feet wet. The only way to get better is to lau
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
ch out. This is where you excel. Expect to spend about a thousand hours to reach expert status. It's not a lot of time if you're passionate about what you do.
4) Think BIG. For example: It's not enough to become an author of a book. Think about creating ot
4) Think BIG. For example: It's not enough to become an author of a book. Think about creating ot
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
er income centers from the sales of that book. Use the book as a brochure pointing to other products and services.
This is where private coaching and joining mastermind groups comes into play. Avoid one-dimensional thinking. And please don't take advice fr
This is where private coaching and joining mastermind groups comes into play. Avoid one-dimensional thinking. And please don't take advice fr
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
m broke people. Hire, consult, and team up with those who are respected in their industry.
5) Stay in the race. Stuff happens. People leave. Others take advantage of you. The economy tanks. Your cat needs surgery. And you may want to quit.
But that's not
5) Stay in the race. Stuff happens. People leave. Others take advantage of you. The economy tanks. Your cat needs surgery. And you may want to quit.
But that's not
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
oing to put food on the table. You've got to suck it up and keep moving forward.
Let's brainstorm a bit...
It's just smart business sense to create multiple income centers to combat the negative stuff. For instance: If your consulting business is slowing
Let's brainstorm a bit...
It's just smart business sense to create multiple income centers to combat the negative stuff. For instance: If your consulting business is slowing
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
down, create a low-, mid-, and high-end training programs to market through various distribution channels. This way you'll always have income.
Unfortunately, these action steps come with a price tag. Everything does. But I'm sure you'll agree—self-in
Unfortunately, these action steps come with a price tag. Everything does. But I'm sure you'll agree—self-in
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
estment is the best investment you can make.
I used to invest in television, procrastination, and self-defeating activities. A critical mistake. I found out how costly that was.
A cost I could no longer afford...
I'd like to move you with a story about d
I used to invest in television, procrastination, and self-defeating activities. A critical mistake. I found out how costly that was.
A cost I could no longer afford...
I'd like to move you with a story about d
.
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
nating my TV to make better use of my time. But that's not true. It stopped working one day and I've never replaced it.
Please don't duplicate my mistakes. Invest in yourself to avoid paying the piper.
Tommy Yan helps business owners and entrepreneurs mak
Please don't duplicate my mistakes. Invest in yourself to avoid paying the piper.
Tommy Yan helps business owners and entrepreneurs mak
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
more money through direct response marketing. He publishes Tommy's Tease weekly e-zine to inspire people to succeed in business and personal growth. Get your free subscription today at www.TommyYan.com
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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