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Evidently I’ve been living under a rock. Recently, I stumbled across the small business solution that turned my overwhelming to-do list into something manageable. It’s called Virtual Assistance, and it has

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

freed me from the burden of what would otherwise be time-consuming busywork. Simply put, a Virtual Assistant is an off-site employee who provides web or administrative support services, conducting nearly al

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

Examples of combination products may in

l transactions electronically.

Not only was I surprised to discover this neat lifesaver, I was even more amazed to find that it has it’s own association: The International Virtual Assistants Association (w

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

ww.ivaa.org). The IVAA website is a great place to find what will most certainly be an indispensable resource for you: Your own Virtual Assistant. Below are the top seven reasons to hire a VA:

1. They a

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

e all business. Your Virtual Assistant will support your needs, not the other way around. Since they bill their hours for the work they accomplish – some in increments as small as five minutes – you are no

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

Combination pro

t paying for personal phone calls, late arrivals, childcare crises, or sick time. If you detest the forced socialization of a corporate workplace, or listening to the humdrum minutiae of your co-worker’s li

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

fe story, a virtual staff solves that problem.

2. You’re in control. Your working relationship is based upon a contractual agreement whereby you state in no uncertain terms what you expect. They either d

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

it or they don’t. If you want a web designer who uses Dreamweaver instead of hand-coding HTML, then you specify that. Or, you can entirely defer to your Virtual Assistant’s expertise and focus your energy

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

elsewhere.

3. Professional rapport. Your Virtual Assistant is in the entrepreneurial boat, too. They work at home, market their services, prospect for clients, and provide a service just like you do. I

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

t’s a great way to add to your network base, as they may have found ways to solve problems you never even thought of. Often they have their own network of resources that they utilize for printing, document

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

rocessing and promotion. Tapping into their resources doubles your own.

4. Cost savings. You can hire a VA from anywhere on Earth. It’s as competitive an industry as any other, and you can expect a wide

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

Following aspects would a

range of fees for various services offered. If you like the fees for web design, but think a particular service is too expensive for document editing or proofreading, you can hire multiple VA’s to do differe

dd to the challenges in developing combination products:

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

nt tasks to keep your own costs low. You are not under any obligation whatsoever, except, of course, to pay your bill.

5. Pride in their work. If you are hiring a VA for tasks such as web design, you can

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

easily preview their work. Often the VA service will place testimonials on their site or examples of web pages they have designed. Examine their portfolio pages to determine the depth of their skills and e

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

perience.

6. Virtual freedom. No on-site employees means no liability, no worker’s comp insurance, and no payroll taxes to calculate. Everyone is an independent contractor. You can utilize a virtual ass

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

istant for either ongoing work or on a per-project basis.

7. No strangers in the house. If you have a home office, hiring employees to work on-site could be intrusive. If you have children at home, or a

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

Professional from academic institutions, pharmaceutical industries, health care indust

spouse who works odd hours, or you just don’t care to open up your private space to others, a virtual assistant is ideal. Most likely, your VA will never darken your doorstep.

When you hire your Virtual As

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

istant, be sure to ask them to furnish a detailed list of the types of services for which you will be billed. Some VA’s will charge to accept your phone calls, read your email instructions, or the time it 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

akes to download a file. There should be no surprises if you have good communication with your VA. Remember, you cannot see your potential VA to evaluate their credibility, nor they you. Consider several

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

Companies that provide selfless information through particip

exploratory conversations prior to signing on the dotted line. This will ensure that you and your Virtual Assistant will have a productive partnership.

Copyright 2005 by Laura Gillson. All rights reserved

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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If you are just starting out in construction, the process of bidding may be a little confusing. When you are drawing up an estimate, you are basically calculating the total expense of the project you want to bid on. The first step in creating an accurate estimate is to figure in all of the materials that you will need to complete the job. Contractors depend largely on their reputations. If you use quality materials and give accurate estimates, you will gain a reputation of the highest caliber.

If your business caters to the kinds of people who might be parents or involved with small children, you have a goldmine in the making and you might not even be aware of it. Kids are huge players in the decisions on how parents spend their money and where they do their business, even in the cases of businesses like real estate or banking.

Outsourcing to India appeals to most companies due to reduction of cost, which could be between 60 and 80%. Outsourcing services to foreign shores have proven benefits, as well as detriments. Read further to learn more about offshore outsourcing to India.

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