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If you are working on a restaurant business plan, and the sales just don't seem to be adding up to what you hoped, here are some suggestions

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

on ways you can dramatically increase the revenue you are pulling in to the business that are mostly simple to do and don’t increase your fix

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

Examples of combination products may in

ed costs while adding nicely to your bottom line.

Add catering

Simply by adding some signage and doing a little promotion, you can a

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

d hundreds of dollars a day or more to your sales by offering to do catering. This can include everything from simple set menus delivered to

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

an office around the corner to a complete dinner course served to a hundred person wedding.

Add pickup orders

Encouraging people to

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

Combination pro

all ahead and place orders for pickup is a terrific way to add capacity without expanding the dining room or making people wait hours for a t

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

able. Although this is usually associated with fast food, more and more restaurants are offering it as an option, and finding it to be a succ

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

essful strategy at all price levels.

Add retail items

Get your customers to pay to advertise for your restaurant! Put your logo and

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

ame on t-shirts, hats mugs and more and sell them to your admiring customers. Encourage them to wear the items by offering a discount on thei

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

r order whenever they come in wearing your gear.

Add more days

If you are only open five or six days a week, you are missing out. Su

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

e, you want a day off, but if you haven’t set the business up to run without you then you are already doing something wrong. You still have t

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

Following aspects would a

o pay rent and utilities on days you are closed, so you might as well open the doors and make some money.

Add breakfast or lunch

Peo

dd to the challenges in developing combination products:

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

ple need three meals a day- you might as well be the one to supply them with their calories. It is easy to create a menu to serve these meals

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

and the extra revenue will go more directly to the bottom line, since you are already covering your overhead with your regular service hours

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

.

Add retail food sales

Got a great BBQ sauce recipe? Put it in jars and sell it to your customers! If that works out, spend a littl

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

time getting it on the shelves at the local store, or sell it at the farmer’s market. Not only will it increase your sales, it will help gro

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

Professional from academic institutions, pharmaceutical industries, health care indust

w your brand which will bring even more people into the restaurant. That is a win-win proposition.

Add outside food sales opportunities
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
b>

Rent a booth at the local fair, or set up a mobile location at a busy corner. You already have a kitchen and everything you need to prep
.

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
he food, all you are doing here is adding an additional venue to pick up more sales. You’d be surprised- there have been plenty of stories of
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip
people who have pulled in six figures or more in just a few weeks at a busy county fair selling their special food dishes. That could be you

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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Digg It - How to Build Extra Revenue Into Your Restaurant Business Plan

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