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Keeping a Franchise Team motivated is not easy. You see Franchisees are people, people from all w

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

alks of life and each one is different. However you can motivate a franchise organization to run

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

Examples of combination products may in

like a well-oiled machines or a world class sports team. How so you ask? By constantly reviewing

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

your system, going over your marketing play book and evaluating what you are doing wrong and what

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

you are doing great.

As the Founder of a franchise company I always made sure to do this and I o

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

Combination pro

ffered a financial incentive for those team members who wanted to join the collective brains of 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

he company and strategize and innovate to do it even better. Below is an excerpt of a common type

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

of email sent out to my franchise team to help evaluate and motivate our team’s performance;

“We

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

are instituting a royalty reduction program for January. I need everyone to write down their goa

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

ls in definite terms and dates through out the year when you want to hit certain mile markers. F

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

r instance, if you want to increase sales by $3,000.00 per month in the first quarter, then we ne

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

Following aspects would a

ed to know that goal. If you believe you will need a certain type of account to accomplish this

dd to the challenges in developing combination products:

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

then write down the name of that account(s). Have alternate account possibilities. If you want

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

a $5,000.00 per month increase then also write down who you might need to hire to do the addition

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

l work, write down their names. Additional Equipment necessary; then write down what equipment y

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

ou will need to do this increase. It is okay to make hard to get to goals, if you do not then yo

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

Professional from academic institutions, pharmaceutical industries, health care indust

u should transfer and sell your franchise since you at that point would lack significant team spi

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

it.”

This always increased our per unit sales volumes and got our franchisees to set real goals.

.

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

We learned a lot about our selves and our team, as we motivated ourselves to win and stay effici

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

Companies that provide selfless information through particip

ent. This is a great way to motivate your franchisees, dealers or team. Consider all this in 2006

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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One service, one big client, one product, does not make a one-person business that can thrive. And, it can get you in hot water if your one client with your one product or service is corporate - you start to look too much like an employee to keep the IRS happy.

In order to start a new business the main thing you need is finance. Financing for starting businesses comes in many forms. Depending of the business type you may get government or private finance. But, in any case, you need to know beforehand what you can expect from either source.

In the urge to find more challenging and high paying jobs, this young generation is going behind some fields which are unknown to them. Here in this article I will present you 5 mistakes that you should avoid while making career changes, if you would like to come out as a winner.

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