Advice You - Business

In general, a Virtual Assistant (VA) is someone who performs administrative tasks away from the of

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

fice of their clients. A VA is the modern day version of the executive assistant or personal assi

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

Examples of combination products may in

stant.

A VA is usually not an employee, which comes in very handy for many home business owners.

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

If you live (own or rent) in a place where the business or city codes say you can't have an emplo

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

ee in your home - you CAN hire a VA! No employee benefits to deal with either!

Each VA works a l

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

Combination pro

ittle differently. It is important for you to identify the skill-set you are looking for and know

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

how many hours you're initially looking to contract for before you start the interview process. B

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

low is a list of things to consider when hiring a VA.

1. It is more likely a VA will not live nea

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

r their clients; although some do live in the same city or state.

2. A VA will work with you when

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

you need extra help but don't know for how long you'll need that help. Note: it is usual for a V

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

to charge a "rush" fee for jobs you want "yesterday".

3. They might be the missing link in your

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

Following aspects would a

business and your eyes or ears on the Internet.

4. A VA can act as a sounding board for your idea

dd to the challenges in developing combination products:

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

s or plans.

5. They will coordinate your work, work orders, and/or work flow.

6. A VA is an inde

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

pendent contractor, consultant, and a business owner, too.

7. A VA may charge for time on a task,

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

or by the hour, week or month. In general, they charge you extra for phone calls they make and for

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

supplies, stamps etc.

8. They have a written agreement with you.

9. Some VA's work individually

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

Professional from academic institutions, pharmaceutical industries, health care indust

and others may be part of a larger group of VA's.

10. VA's specialize in certain areas or they m

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

y generalize. They could be current or former CPA's, web designers, coaches, executive assistants

.

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

, personal assistants, etc. Are you interested in learning more about VA's? Or are you a VA look

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

Companies that provide selfless information through particip

ing for resources? Enjoy this list of resources http://TheResourceQueen.com/business/virtual.htm

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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Background checks should play an important role in any company's hiring process. This applies to all potential and current employees.

Perhaps you have seen the Matco or Snap-On Tool Guys out there peddling their tools to local mechanics in your community. Indeed they have to be good at sales, but more importantly they must be good at customer service too. They have to work with their customers and they must also be careful to get paid, as these independent business guys are generally independent contractors

You%u2019re making a significant investment in time and dollars when your nonprofit decides to hire a marketing firm or consultant. There's no margin for error. It has to be done right -strategically and realistically - in a way that fits with your nonprofit' s culture. This article guides you to make that happen.

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Advice You - Can A Virtual Assistant Help Your Business?

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