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Advice You - Recruiting The Best Franchisee Team Member Candidates
As a Founder of a multi-Brand Franchising Company often, I am asked some tough que
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
stions by start-up entrepreneurs. Recently, I was asked how did you recruit your f
; 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
ranchisees. Well, I am retired really and not selling franchises anymore. But we h
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ad several methods. Some came from web searching interest of potential franchisee
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
team members. Some of our best franchisee candidates came from industry and some f
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
om those who were laid off from Corporations.
We had lots of franchisee candidate
We had lots of franchisee candidate
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
s, which were customers of car washing services and sons and daughters of customer
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
s who would co-sign or help with capital. Our companies were engaged in franchisin
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
g mobile car wash trucks as businesses. Much of our franchise recruiting was word-
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
of-mouth like that due to really good branding. Customers love us and they would t
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ll friends and people see our car wash trucks too. In fact we were always very vis
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
ible in the communities we served and busy in community involvement such as Fundra
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
isers, chamber of commerce, and other events.
I call it the "Power of Presence" B
I call it the "Power of Presence" B
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
rand Marketing. I kind of took a different approach than with other businesses in
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
the Franchising Sector. The competition hated us, but the customers loved us. The
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
overnment did not know what to think, we moved so fast, I doubt they understood wh
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
at we were doing. We scared the ever-living crap out of the Industries we particip
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ated in. We kept coming up with new ideas so fast no one could copy us or keep up.
.
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
Boy that was fun. Thanks for the memories there on that question for sure. My goa
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
l was to make you think about recruiting the best people for your business in 2007
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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