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Digg It - Women Business: 4 Tips On Brainstorming Business Ideas
The number of women owned businesses in the US increased by 43 per cent between 1997 and 2006, almost double that of all businesses. In the UK, about
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
20,500 new businesses were started by women in the first quarter of 2006, an increase of more than 30 per cent from the same quarter last year. The ri
; 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
ing trend in women starting their businesses is a worldwide phenomenon.
According to a study by three prominent women's business organizations the Na
According to a study by three prominent women's business organizations the Na
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ional Foundation for Women Business Owners (NFWBO), Catalyst, and The Committee of 200, women who launch their businesses are primarily inspired by 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
entrepreneurial idea. Entrepreneurship offers the opportunities to implement entrepreneurial ideas and gives women a sense of recognition since they
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ork for themselves.
Other reasons for women starting their own business are the flexibility to dictate their own working hours, spend more time with
Other reasons for women starting their own business are the flexibility to dictate their own working hours, spend more time with
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 family and to escape the corporate glass ceiling.
How do you come up with an idea that can be transformed into a business? Here are four tips on b
How do you come up with an idea that can be transformed into a business? Here are four tips on 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
rainstorming for business ideas.
Your passion and interests
What are you interested in? What do you do best? If you like to bake, then you may want
Your passion and interests
What are you interested in? What do you do best? If you like to bake, then you may want
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
o start a business in baking. If you are passionate about cooking, how about starting a catering business? When you build your business around your in
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
erests or passion, you are more likely to focus and persist when faced with challenges and obstacles.
Therefore, think about the things you like to d
Therefore, think about the things you like to d
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
, or even if it is something new, what you want to learn about. Make a list of all these things and then go through the list to determine which ones a
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
re realistic and feasible.
Will you sell a product or service?
When deciding whether to sell a service or product you need to consider some of sever
Will you sell a product or service?
When deciding whether to sell a service or product you need to consider some of sever
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
l factors. What is your business about? Do you have the ability to offer that product or service? Are you crafty? Can you make your own product? Do
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
ou want to sell someone else's product by becoming an independent distributor? What is your budget?
Problems and solutions
People are always searchi
Problems and solutions
People are always searchi
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
ng for solutions to problems. Look around you. Ask your friends, family and neighbors. There may already be existing products or services to solve a p
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
rticular problem. Can you improve on these products or services? In the case where there is no solution, can you come up with one? Generally, a soluti
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
n helps to save time, money or stress.
Hobbies
Consider what you like to do in your spare time, and see if it could be turned into a business ventur
Hobbies
Consider what you like to do in your spare time, and see if it could be turned into a business ventur
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
e. If your hobby is painting, you could sell paintings or create custom paintings. Crafts and collectibles are some of the most sought after items in
.
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
he consumer world.
It is often said that "two heads are better than one". To spawn more creativity, brainstorm with friends, family, co-workers and n
It is often said that "two heads are better than one". To spawn more creativity, brainstorm with friends, family, co-workers and n
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
ighbors. You will be amazed at the various ideas that you'd never have thought of on your own, one of which could be translated into a viable business
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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