Advice You - Business

Many people who buy a franchise think they are buying a business of their own. In many regards it does re

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

semble your own business. But in reality you are leasing or renting a business. Many who are Independent

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

Examples of combination products may in

Dealers are also generally buying a job more than buying a business. Recently a think tanker type who is

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

also a CPA stated that;

"I have red over more than a few of these independent operator agreements. Many

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

of these independent operators are nothing more than gas station attendants."

Indeed and like 7-11 "adap

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

Combination pro

t or die" attitude, as the Master Franchise from Japan said after he bought out Southland and told the de

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

alers; "Now you do it our way!" So in essence all 7-11 owners are nothing more than employees who had to

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

ay to buy themselves a job.

Having written franchise agreements, I can say that the boilerplate bandits

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

out there often have clauses which look more and more like those independent dealer or operating agreemen

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

ts the CPA discusses and has read over. I was a board of Director member for the American Association of

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

Franchisees and Dealers AAFD for two years, you see a lot, I'll tell you that.

Some of the history of th

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

Following aspects would a

e franchised gas stations, SBA loans and operators coming over after the fall of the Shaw of Iran are cer

dd to the challenges in developing combination products:

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

tainly interesting. Many of those folks came over with cash and bought into a business of their own which

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

they knew and understood; oil.

The CPA further states that; "Many of them only lease the building and e

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

uipment owned by the oil company, and the "franchise or other operating agreements" are often NOT designe

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

d to empower the operator."

Sure and we know Ray Kroc told a Harvard MBA class in a speech that McDonald

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

Professional from academic institutions, pharmaceutical industries, health care indust

s was not in the hamburger business it was in the real estate business. Now a-days franchisees sign a mas

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

ter lease with the franchisor and often the franchisor is a lessee between the franchisee and landlord; 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

hat is if the franchisor does not own it out right. So if you are considering a franchise of your own or

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

Companies that provide selfless information through particip

becoming an independent dealer, you may wish to consider what you are getting into? Consider this in 2006

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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Motorway service station are the hidden gem in the UK's advertising landscape. 400 million visitors a year arrive hungry, in need of rest and entertainment. Has your product made it to motorway service stations yet?

Did you know that women entrepreneurs are starting new businesses at twice the rate of men?

Most Americans have a series of dreams that they hope to achieve in the lifetime. They include owning their own home; raising a family and seeing them head off to college. Those dreams often include having their own small business.

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Advice You - Franchising or Independent Dealer; Are You Buying a Job?

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