Advice You - Business

So often I read in business journals some business consultant telling folks that they should franchise their businesses. Well sure franchising looks like easy mo

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

ney but it isn’t at all. Would you like to talk about the truth? Now then it is so unbelievably irresponsible for these media business consultants to advise folk

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

Examples of combination products may in

to franchise their businesses when the truth is that the failure rate of those who franchise their businesses and become franchisors is 5:1. I therefore condemn

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

those who recommend this.

Now those consultants who do not like this condemnation, I say to you; “Without a little sound and fury out there, no one would ever

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

nderstand your point and therefore I must speak out in these harsh terms and condemnations.” Now then without some drama my comments would be drowned out the pol

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

Combination pro

tical correctness of the mass media and those self-proclaimed business consultants who advice such a tact. You wannbe business consultants with syndicated column

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 being the mass media in this instance.

Once a business consultant that I talked with, denied the failure rate and told me that I did not know what I was talki

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

g about. Yet, I built a franchise company myself started with a bucket of water and sponge at age twelve to a franchisor 180 units in 23 states and four countrie

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

and retired at 40 years old. I was not caring if the business consultant cared if my perspective was valuable, as I was concerned about his willy nilly approac

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

h and advice to the readers out there who had spent a lifetime building up a successful small business. He was willing to make a statement which could effect hun

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

reds of woodbe franchisors; 80% will lose everything and be debt laden the rest of their lives, that is the reality of the stats on franchisors.

These syndicate

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

Following aspects would a

business consultants want to give a perspective, I appreciate that really I do; That's fine. But they cannot get away with such bogus advice without a little hi

dd to the challenges in developing combination products:

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

gh-energy comments from someone who knows. They maybe able to use their conflict resolution skills on would be commenters of their articles, but most of these sy

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

dicated business consultants are just writers, with no real experience in any of the industries they advise on.

One of these columnists writes articles for the

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

SA Today and does a disservice to all those who read his column. Telling people to go off and franchise their business is silly. With such limited knowledge he s

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

hould have been advising people to read the E-Myth or other such basic, basic first steps or set up manuals, million dollar bankroll or mention the myriad of rul

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

Professional from academic institutions, pharmaceutical industries, health care indust

s and laws in all the different states, the exposure to over regulation and disclosure, competitive disadvantages to franchisors. It seems so ridiculous that suc

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

columnist writers are so uninformed and give out such screwy advice.

I have no problems dealing with someone's perspective, but you must be able to back up you

.

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

r advice with reality based experiences, observations and at least walking in one's shoes, even for a day? I cannot accept someone’s perspective if it is basic o

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

Companies that provide selfless information through particip

fantasy and flat out wrong. It was as if this columnist jumped into my shoes and ran away with his advise and stated his perspective as reality in the USA Today

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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Russia is still an emerging market and the challenges are plenty. However, the country's economic growth has been remarkable, with an average seven percent GDP growth backed by the favorable energy situation on the world markets, tighter government budget policy, and faster development of other key industry sectors, such as machinery, automotive, info-communication, construction and food processing. The Russian government introduced positive changes into the tax system; including a flat rate of 13% for personal income tax, reducing the corporate tax rate from 35% to 24%, and reducing the value-added tax (VAT) to 18%. Surpassing even some developed economies, Russia reduced its public debt to 13% of its GDP. Finally, Russia's evolving middle class creates a strong consumption wave that is a tremendous boost for the Russian economy.

Phone calls are crucial in running a business, and telephone etiquette is integral to the success of a business communications. The telephone is one of the primary points of contact between customers and dealers for most businesses.

Career Development - 4 Steps to Get Where You Want to Go. All of us have worked with people we think have no business being in positions of leadership but it is a waste of out talent and energy to worry about them. If you see something you don't like...

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