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So you have taken a step towards truly growing your thriving business and hired a Virtual Assistant, here are seven ways to ensure your partnership will be a success:

1. Good Communication

Si

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

nce your Virtual Assistant will not have a physical presence in your office, it will be important to establish and follow a good communication plan. Determine whether you would like your Virtua

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

Examples of combination products may in

l Assistant to contact you with updates daily, weekly, monthly or as needed. When providing your Virtual Assistant with instructions ensure they are always direct, precise and understandable. 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.

so ensure your VA is aware of your preferred method of communication (telephone, e-mail, facsimile, etc.).

2. Be Open

First and foremost, in order to have a successful working relationship wi

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

th your VA you must be open to the concept. Also, be open to any ideas or suggestions your VA may have and offer reasons why or why not you think the ideas are worthy of further consideration.

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

Combination pro

emember to give your VA time to answer your inquiries because although they may not have the answer, they do have the resources to find the answer for you.

3. Trust the Partnership

Just like

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

any relationship, trust must be earned. When working with a VA it will be especially important to trust that when they say they are working for you they truly are. Try starting your relationshi

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

off slowly to “test the waters” and gradually work up to larger, more demanding assignments.

4. Have Patience

Remember to give your VA time to learn your business and your preferences. Provi

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

de your VA with the guidance they need and remember they may have a lot of questions as they learn how and why you and your business operate. The end result will definitely be worth all the tim

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

, patience and understanding you devote to making the partnership succeed.

5. Give Up Control

I know you have been wearing many of the hats for awhile, but don’t be afraid to hand over some “

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

control” to your VA. Just remember by allowing your VA to handle your administrative headaches you gain the opportunity to focus your time and energies elsewhere. By giving up control you can “

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

Following aspects would a

hand off” all those tasks you dread, knowing they are being handled professionally and accurately.

6. Be Respectful

Remember that your VA is likely to have boundaries you should be aware of.

dd to the challenges in developing combination products:

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

e respectful of your VA’s office hours, turnaround time and how they wish to receive instructions. Through mutual respect and appreciation, your VA can become a vital part of the success and gr

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

owth of your business.

7. Plan Ahead

Please try to remember that in most cases, your VA has other people they work for so keep that in mind when scheduling when you provide them with work. Do

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

’t leave things until the last minute.

Now that your VA is handling your administrative headaches it is time to concentrate on the things that matter to growing your business. These are the th

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

ings that attracted you to your business in the first place. By partnering with a VA, you gain the opportunity to spend more time on the things you enjoy doing. Spend more time with your family

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

Professional from academic institutions, pharmaceutical industries, health care indust

wine and dine a new client or try a new marketing strategy. By partnering with a VA, you can concentrate on truly growing a thriving business.

ABOUT THE AUTHOR:

Yvonne Weld is the owner of C

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

anadian based ABLE Virtual Assistant Services specializing in providing administrative and bookkeeping support to busy entrepreneurs. She is also the author of The Ultimate Guide to Creating a

.

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

hriving Business which provides a step-by-step guide to documenting your business. For your free audio teleclass on the areas you should consider when documenting your business and for more inf

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

Companies that provide selfless information through particip

ormation about The Ultimate Guide to Creating a Thriving Business, visit the Web site at http://www.thrivingbusinessmanual.com

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 - Seven Sure-Fire Ways to Make your Partnership with a Virtual Assistant a Success

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