Advice You - Business

There is a rather famous true story called “Acres of Diamonds”.

It is about a successful farmer who risks everything searching the African continent for diamonds. Ultimately he dies sick and

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

penniless, while the new owner of his farm uncovers on his property the largest single diamond ever known to man.

Point of fact: After helping hundreds of thousands of entrepreneurs and bus

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

Examples of combination products may in

ness owners, I’ll lay odds that story is true for YOU in more ways than you are currently willing to admit to yourself.

No matter where you are on the success continuum, your ability to gener

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

te tens or hundreds of thousands of dollars in immediate windfall income is well within your reach. I know firsthand, because everyday, I am paid handsomely to do just that by my clients an

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

d associates.

Now, no one likes to be told that they are sitting on a diamond mine, especially when they don’t see it for themselves. So please allow me to give you some advice which could p

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

Combination pro

tentially generate a cash jackpot of between $10,000 and $1,000,000 almost overnight.

“What’s the secret?”, you ask impatiently.

I’ll tell you flat out: Your hidden wealth is buried in your

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

email list...it’s hiding in your client list...and it lies dormant in your vendor list. I could go on and on.

Here’s the secret in a nutshell: One of the places your hidden wealth lies is 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

n the trusted relationships you’ve cultivated with people over the years.

Let me prove my point with a quick example. I recently did a consult with a client who has a wonderful nutritional p

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

oduct. His own clients are very enthusiastic about the results they get. At the same time, although he is successful, he is also cash poor. He needs a cash infusion of hundreds of thousan

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

s of dollars to be able to fund the building up of his business.

What’s the solution? A banker? An angel investor? A partner? Venture capital? Maybe, but I think there might be an easier

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

way.

Here’s what I suggested to him: I told him to write a heartfelt letter to his most devoted clients which tells his story and includes an offer that they pre-pay for a year’s worth of hi

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

Following aspects would a

s product to help him build his company. In return for their support, they’ll receive very preferential discounts and unique bonuses from him.

Will the strategy it work? Maybe. Maybe not

dd to the challenges in developing combination products:

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

We won’t know until we test it. But the premise is sound because the odds are exceedingly high that many of his clients will empathize with him and want to be a part of his success by helpin

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

achieve his goals. Why? Because they trust him.

Now some of you will be a bit hard headed and say “But I don’t have a product” or “I don’t have a client list” or “I don’t have a business

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

”.

So let me say it again: YOUR windfall opportunity lies in the trusted relationships YOU have cultivated. And your wealth-building opportunities will be kaleidoscopically different from e

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

erybody else’s.

Here another way of looking it:

Wealth = Opportunity = Trusted Relationships

Now here’s the big question. Whether you own a business or not, how can you put this informatio

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

Professional from academic institutions, pharmaceutical industries, health care indust

into action immediately?

My answer for you: Well, the most success-certain way I know is by engineering joint ventures with people. It’s my absolute favorite way of building businesses...g

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

enerating enduring streams of income...and especially creating instant windfall profits. Of the $7 Billion in profits I am credited with, at least $2.5 Billion has been generated doing lucr

.

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

tive joint ventures.

Solely by learning how to become a joint venture deal-maker who understands the money-making opportunities and “money connections” that exist all around you, you could tu

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

Companies that provide selfless information through particip

n-around almost any problem...make almost any amount of money you desire...and live a life most people only dream of.

Try it! I think you’ll be pleasantly surprised the results you achieve

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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Corporations have many constituents. But they seem to play to only one audience - the investment community or Wall Street. Any business is made up of workers, supervisors, managers and executives. They also have customers, suppliers and in many cases dealers or distributors. They have facilities in cities, towns and communities. Some have factories and others have only offices. But the fact is that all corporations touch the world they operate in beyond the narrow confines of where they raise money through investors - or Wall Street. So why do almost all corporations decisions revolve around how Wall Street will react? Are there alternatives?

Warehousing costs are levied by the warehouse owners and are an unavoidable expense for the companies that use the space. The owners should be conversant with the applicable charges. In years to come, users will find it increasingly mandatory to implement nearline storage, to reduce their data warehousing costs and make data analysis more efficient and effective.

Find the bets job for you in your local area. It can be really convenient for you to land your preferred position just 10 to 15 minutes drive away from your home.

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Advice You - Where to Find a Cash Windfall of $10,000 - $1,000,000 - You Never Knew You Had

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