Advice You - Business

Wondering what franchises provide the best business opportunities? The results are in for 2006’s best franchise businesses. Check here to see if your favorite franchise made the

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

list!

International. This company provides graphic design for signs large and small, as well as trade show displays, banners, electrical signs, and graphics for vehicles. The co

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

Examples of combination products may in

pany has a great track record, with over twenty years of experience under its belt and consistently strong sales.

HomeVesters of America, Inc. You’ve probably seen those

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

ds that say “we buy ugly houses!” Meet the company behind the ads: real estate experts who operate in a special niche market—undervalued property. Those who’ve bought into the f

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

ranchise love the fact that the business provides group rates on vacant property insurance and strong support of its franchise owners through conventions, personal consultations,

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

Combination pro

detailed website, and more.

Haagen-Dazs Who doesn’t love ice cream? Franchise-owners find this company as hard to resist as its product. They’re a company with strong

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

ranchisor support, including a two-week onsite training course at their headquarters in Minneapolis, onsite training until your opening day, site selection assistance, and continu

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

ed support for your marketing, business planning, and operations.

Jazzercise, Inc. A fitness phenomenon in the eighties, jazzercise is still going strong, and it’s easy t

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

see why—it’s a fun, challenging fitness program that incorporates blood-pumping dance moves, upbeat music, and a solid cardio workout. Today, Jazzercise, Inc. is an internationa

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

franchisor. It has over 5,000 instructors in over thirty countries, and teaches almost half a million students each year.

Budget Blinds, Inc. Budget Blinds is a company

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

that invests heavily in its advertising—which is good news for the franchisee. The company runs a multi-million-dollar national ad campaign, and has a business model that’s prove

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

Following aspects would a

n to work. Franchisees love this company because of its financial growth, strong support from the franchisor, and its established brand name.

Heaven’s Best Carpet Cleaning
dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod
106 franchisees gave their opinion about this franchise—and the results were resoundingly positive. The franchise was consistently rated excellent for great franchisor relations
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ips, strong training and support programs, and a great financial opportunity. It’s also a franchise with a low start-up cost: your total investment for this business is estimated
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
at only between $24,000 and $60,000.

Hair Cuttery This business is a fast-growing, highly profitable chain that works hard to keep its employees satisfied. In fact, it
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 one of the highest employee retention rates in the industry. It also provides products to sell, site selection, d?cor advice, and thorough training—the company claims that eve
ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust
people with no salon experience can become successful franchise owners through their training program.

RE/MAX This real estate franchise was voted Inman News’ Innovator
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
of the Year for 2006. It was also voted #8 in survey. It’s been in business for over thirty years, with a strong national ad campaign, a good sales record, and plenty of support
.

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
for its franchisees.

Business is booming for many American franchise companies nowadays—in all industries
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip
If you’re considering going into business for yourself, a franchise may be just the opportunity you’re looking for—and you can’t go wrong with any one of these successful brands

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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