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Useful Articles - Has Your Business Hit a Wall? What to Do When Business Slows Down!
I doubt that anyone reading this article hasn't at one time or another found his or her business dropping off significantly. For some unknown reason, and without any warning, everything seems to stop. The phone stops ringing, your e-mail box has nothing but advertisements and it appears as if your business has come to an end.
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
What happened and even more important what should you do when it appears as if your business has hit a wall?
Whatever We Focus Our Attention On Expands!
Usually, our first reaction to a drop in business is to panic putting all of our attention on what isn't working. We immediately start worrying and complaining, commiserating
Whatever We Focus Our Attention On Expands!
Usually, our first reaction to a drop in business is to panic putting all of our attention on what isn't working. We immediately start worrying and complaining, commiserating
; 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
with others who may be experiencing a similar situation. Although it's a natural reaction, it's actually the worst thing you can do. Why? Because there is a powerful premise that says: "Whatever we focus our attention on expands." Ponder that for just a moment. Have you noticed that every time you pay strict attention to wha
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
isn’t working, it just seems to get bigger? Whether you believe it or not, the fact remains that when we put our attention on what isn't working, it seems that things get worse. Yet when we put our attention on what is working, it seems that things quickly improve. Changing your state of mind alters the circumstances.
The T
The T
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
de Comes in and the Tide Goes Out!
One of the important lessons I've learned through the years is that predictably business will have its ups and downs. The tide comes in and the tide goes out. As a person who enjoys my work immeasurably, when I first began my writing business, I would become terrified if the phone stopped ri
One of the important lessons I've learned through the years is that predictably business will have its ups and downs. The tide comes in and the tide goes out. As a person who enjoys my work immeasurably, when I first began my writing business, I would become terrified if the phone stopped ri
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ging. I couldn’t figure out what happened and thought I needed to do something quickly to alter the situation. But once I learned that the ebbs and flows are natural, I made it a point to choose a different approach. Instead of staring at the pot of water waiting for it to boil, I started learning how to release the situation
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
and put my mind on something else. As soon as I was really able to let go, things shifted. Either a new idea occurred to me, past clients contacted me out of the blue, new clients appeared or I simply decided it was time for a rest.
Prime the Pump!
Now whenever those quiet times occur, which are less and less frequent, I simp
Prime the Pump!
Now whenever those quiet times occur, which are less and less frequent, I simp
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
ly do my best to relax. By changing my focus and remembering all of the above, new ideas bubble up and I start to feel more creative. In fact during a recent quiet period I was inspired to donate my writing of a bio to a charity. Just as we need to prime the pump by adding a little water to it, I realized that giving some of my
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
services away as a gift was a good way to get things moving again. It immediately changed the energy around my situation.
Taking Action!
But if you’re like most of the online entrepreneurs who prefer to take action while waiting for things to shift, I suggest doing some simple things that don't put any pressure on you but give
Taking Action!
But if you’re like most of the online entrepreneurs who prefer to take action while waiting for things to shift, I suggest doing some simple things that don't put any pressure on you but give
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 a sense of accomplishment. The following few ideas can easily be applied during the down times.
1. Write an article and submit it to a popular publication. Nothing will give you quite the same sense of achievement as seeing an article you've written in print plus it's one of the more positive things to do when you aren't ve
1. Write an article and submit it to a popular publication. Nothing will give you quite the same sense of achievement as seeing an article you've written in print plus it's one of the more positive things to do when you aren't ve
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
y busy. Just about everyone has something they've learned through their experiences that others would love to know about. Share it in an article and you'll be amazed at how quickly the tide turns.
2. Write a press release and distribute it through one of the free press release distribution services. Often smaller companies thin
2. Write a press release and distribute it through one of the free press release distribution services. Often smaller companies thin
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
a press release is only for the big guys and hold back from using the media. But press releases are for everyone. Several of my clients have put out a press release and had overwhelming results they never expected.
3. Narrow your focus. When one of my clients found her business slowing down, she decided it was time to try a ne
3. Narrow your focus. When one of my clients found her business slowing down, she decided it was time to try a ne
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
tactic. She had been spending a lot of money on advertisements that weren't working for her, plus her site wasn't getting the amount of traffic she expected. Instead of focusing her attention on trying to reach everyone, she started putting attention only in places that were associated with her particular industry. She found
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
hat once she began focusing specifically on her arena many more people started visiting her site and business started picking up.
4. Try networking. We often forget that there are a lot of people who would be delighted to join forces with us by linking to our sites or referring us to someone they know. Recently, I made a connec
4. Try networking. We often forget that there are a lot of people who would be delighted to join forces with us by linking to our sites or referring us to someone they know. Recently, I made a connec
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
tion with someone who aligned perfectly with my business. After communicating with him via e-mail I found that his site and services were very complimentary to my services. I then suggested to him that we add each other to our sites, which is exactly what we've done. The added exposure that we can provide each other has been ext
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
emely beneficial
5. Update your web site. Although your web site presentation has appeared online for quite a while, and you have realized a degree of success, perhaps it's possible that your site needs some refreshing or revamping. Try looking at your web site from an objective viewpoint, almost as if you're seeing it for the
5. Update your web site. Although your web site presentation has appeared online for quite a while, and you have realized a degree of success, perhaps it's possible that your site needs some refreshing or revamping. Try looking at your web site from an objective viewpoint, almost as if you're seeing it for the
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
ery first time. Review it carefully and notice if it still appeals to your eye and your ear. If not, add a new article, change the verbiage or add some new pictures. Figure out a way to optimize your site by adding search engine friendly content so that more people will find you. You don't necessarily have to change your site, b
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
t simply update it while you're waiting.
6. Visit past successes. Now may be a good time to stop by and say hello to clients from the past. They may have forgotten your e-mail address and might be in need of your services again. Or if someone has been happy with your services, ask if they would be willing to recommend you and s
6. Visit past successes. Now may be a good time to stop by and say hello to clients from the past. They may have forgotten your e-mail address and might be in need of your services again. Or if someone has been happy with your services, ask if they would be willing to recommend you and s
.
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
ggest that you will pay them a small finder's fee for anyone who becomes a paid referral. Maintaining good relationships with your past clients and customers is a great way of keeping your business flowing.
Just because you aren't busy for the moment doesn't mean that all of your hard work has come to an end. In fact this may v
Just because you aren't busy for the moment doesn't mean that all of your hard work has come to an end. In fact this may v
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
ry well be a great time for contemplation. Instead of scrambling to quickly drum up more business or fretting about the lack of income, perhaps this is the time to be still as you consider some new strategies. Before making a judgment about your quiet time, why not use it as an opportunity for expansion and growth?
Copyright200
Copyright200
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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