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Advice You - Powerful Systems to Make Your Business Run With or Without You
When you are in business for yourself, you can never have too much time management and organization. One of the most important things to have are systems in place. Many successful entrepreneurs I’ve met along the way have instilled in me the power of having certain procedures down.
The best analogy I use for my clients i
The best analogy I use for my clients i
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
s what I learned from Michael Gerber’s book, The E-MYTH Re-visited.
He talks about businesses that run like well-oiled machines because of systems that are in place. McDonald's is one of the best examples he offers. At McDonald's there’s a pretty slim chance that the owner will be there when you show up to buy your Big M
He talks about businesses that run like well-oiled machines because of systems that are in place. McDonald's is one of the best examples he offers. At McDonald's there’s a pretty slim chance that the owner will be there when you show up to buy your Big M
; 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
ac and fries. You see managers, you see cashiers, but where is the owner? Even though he or she might not be there, I can bet you the owner is confident that his or her team is doing everything that needs to be done, because of the systems that McDonald’s has in place. They have their manuals, training (Hamburger Universi
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
y to be exact…that’s really the name of it). Their team knows that every Sunday at 8am, there is a team meeting. They know procedures for dealing with difficult customers, know what steps to take in order to start and end the day, and also know that the bathrooms should be cleaned throughout the day, (okay, maybe not all
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
McDonald's, LOL) Well, you get the idea. They have many of their procedures down pat!
If you think about it, pretty much any franchise is really a great example to look at when thinking of having tight systems in place for your business to run…with or without you. However, one might think, "Heck, I’m no McDonald's. I jus
If you think about it, pretty much any franchise is really a great example to look at when thinking of having tight systems in place for your business to run…with or without you. However, one might think, "Heck, I’m no McDonald's. I jus
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
make homemade soaps, or I just manage a Hip-hop artist, or I’m just an Executive assistant." You might skim through this article and think, "It’s really not a big deal. I don’t need all of that hassle."
And to you my friend, I have this to share…. You can save a tremendous amount of time if you build your business bett
And to you my friend, I have this to share…. You can save a tremendous amount of time if you build your business bett
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
er, work faster and smarter, but most importantly, be able to take time off and relax, when you do have your system running like a McDonald's restaurant!
Here are 7 SYSTEMS to get you started:
1. Create your own focus days. Create specific days that you focus on various areas of your business and life, i.e. this comes i
1. Create your own focus days. Create specific days that you focus on various areas of your business and life, i.e. this comes i
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
handy if you have a full-time job and a side business or two businesses. You’ll be able to set aside chunks of time; pay attention to that particular thing and only that thing. This means, when you are doing a sales call, that’s all you are doing. If you are writing bills and filing on Monday, you won’t set up meetings w
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ith clients on that day. As for a personal focus day, you can use this example: Sunday is family day where you don’t check email, you don’t call clients, you focus on the ones who should count first.
Take a look at these articles that break it down even further! And start to design your own focus days and see your schedu
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
e begin to feel a bit better. http://www.cob.fsu.edu/jmi/articles/focus_days.asp
http://www.90dayplan.com/article/manage.htm
The key is NOT TO OVER SCHEDULE. BE REALISTIC. You might try to pack too many things in your day and then beat yourself because you didn’t accomplish them. Put it on the list and get it done that
The key is NOT TO OVER SCHEDULE. BE REALISTIC. You might try to pack too many things in your day and then beat yourself because you didn’t accomplish them. Put it on the list and get it done that
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
day! The Art of Getting Things Done is a great to check out. I love this book! It helps you with just your DAILY DRAMA of dealing with your IN BOX!
2. Create a company manual or how-to guides. This can include your mission statement, company history, product or service overview, employee policies, job descriptions, custo
2. Create a company manual or how-to guides. This can include your mission statement, company history, product or service overview, employee policies, job descriptions, custo
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
mer service tips, company goals, reward program for employees, etc… Anyone should be able to read them with ease and duplicate the steps in them.
3. Have templates of documents and contracts you use on a regular basis. Some examples you should have: marketing intro letter, follow up letter (i.e. send every three to six m
3. Have templates of documents and contracts you use on a regular basis. Some examples you should have: marketing intro letter, follow up letter (i.e. send every three to six m
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
nths, depending on your business), monthly newsletter, invoices, thank you letter (and make sure you buy thank you cards as well), employee contracts, commission-based contracts, referral contracts, consignment contracts, etc.
Also take a look at Legal Zoom for some samples of contracts: http://www.legalzoom.com/legalzip
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
/businessservices/index.html
4. Get that professional voicemail and fax system set up. For those of you with the sexy music or real laid back voicemail, "Whasssuuuuup!" (Wow, remember those commercials?) this tip is for you. Okay, I’m exaggerating here; but in any event, you might want to give up a professional number or
4. Get that professional voicemail and fax system set up. For those of you with the sexy music or real laid back voicemail, "Whasssuuuuup!" (Wow, remember those commercials?) this tip is for you. Okay, I’m exaggerating here; but in any event, you might want to give up a professional number or
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
voicemail, instead of your personal phone number to a potential client. Hey, image is everything! If you work from home or don’t have a business line as yet, try http://www.ureach.com. They have affordable toll free and fax deals. Think of a friend or family member with a great voice and have them do the message for you.
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
5. Create a filing system on your computer and off! Organize your filing cabinets so that important files are easy to find. It’s easy if you mirror the same set up in your physical files with the files on your computer, i.e.: Create a client's MAIN FOLDER and then a folder for each client. Take out inactive clients and c
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
eate an INACTIVE folder.
I was once told by my computer technician, Andrew Grant, to think of my desktop on my computer as a real desk. Wow, changed my way of thinking! Don’t have a zillion documents on the desktop and you can’t find them. When you are done working on them, file them back in their proper 'virtual' folder
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
s. Just like you would a desk.
6. Start building a database. It should include a list of clients and business partners. You can do it in excel or your business files in your PDA.
7. Communicate with Your Team Often: Schedule a regular weekly and/or monthly meeting. Try to make it the same time and day so that it becomes
6. Start building a database. It should include a list of clients and business partners. You can do it in excel or your business files in your PDA.
7. Communicate with Your Team Often: Schedule a regular weekly and/or monthly meeting. Try to make it the same time and day so that it becomes
.
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
a habit and everyone has it in his or her schedules.
Don’t have time to do it face to face? No problemo… I use www.freeconference.com with my team. It makes it easy for people who are not in the same city and you can have a large number of people on the call when needed. Notice the key word…FREE! What works for Gots To H
Don’t have time to do it face to face? No problemo… I use www.freeconference.com with my team. It makes it easy for people who are not in the same city and you can have a large number of people on the call when needed. Notice the key word…FREE! What works for Gots To H
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
ave It is a weekly Manager’s meeting where managers discuss developments in their departments, then once a month the entire team is on the call and we go over company updates, exciting news, ideas, feedback, employee of the month winner, etc.
The better the communication with your team, the higher your business will soar
The better the communication with your team, the higher your business will soar
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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