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Digg It - What Home-Based Business Type Is Best For You?
If you've looked into starting a home-based business, it doesn't take long to realize there are so many ideas, companies, and options out there, that it's hard to know what would be best suited for you.
We
We
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
've developed a home-business self assessment you can take to help you make a solid choice that closely matches your personality. To take the self assessment, get a piece of paper, and number it from 1 - 1
; 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
. As you choose your answer from the choices provided, you will see a number value assigned to your answer. Write that number down next to the question number on your paper. After answering all the quest
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ions, add up the total of all your answers and read your results.
Home-Based Business Self Assessment
1. Do you enjoy working with other people?
Yes (50)
NO (0)
2. Do you think of yourself as introve
Home-Based Business Self Assessment
1. Do you enjoy working with other people?
Yes (50)
NO (0)
2. Do you think of yourself as introve
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ted or extroverted (out-going)?
Introverted (10)
Extroverted (50)
In-between(25)
3. How would you rate your computer skills?
Beginner (10)
Intermediate (25)
Advanced (50)
4. Do you have a skill or
Introverted (10)
Extroverted (50)
In-between(25)
3. How would you rate your computer skills?
Beginner (10)
Intermediate (25)
Advanced (50)
4. Do you have a skill or
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
talent you wish to market? (singing, artist, etc.)
Yes (10)
No (50)
5. Would you say you're most interested in providing a service or supplying a product to customers?
Product (10)
Service (25)
Eith
Yes (10)
No (50)
5. Would you say you're most interested in providing a service or supplying a product to customers?
Product (10)
Service (25)
Eith
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
r (50)
6. How much time do you have to devote to your business per week?
0 - 15 hours (10)
16 - 30 hours (25)
31 - + hours (50)
7. How much do you want to work after your home business is established
6. How much time do you have to devote to your business per week?
0 - 15 hours (10)
16 - 30 hours (25)
31 - + hours (50)
7. How much do you want to work after your home business is established
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
?
0 - 15 hours (25)
16 - 30 hours (25)
31 - + hours (50)
8. Do you want to operate locally, nationally, or globally?
local (25)
national (25)
global (10)
doesn't matter (50)
9. Do you mind keepin
0 - 15 hours (25)
16 - 30 hours (25)
31 - + hours (50)
8. Do you want to operate locally, nationally, or globally?
local (25)
national (25)
global (10)
doesn't matter (50)
9. Do you mind keepin
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
an inventory of the products associated with your business?
Yes (10)
No (25)
I don't want to deal with inventory. (50)
10. I want a home business that is turn-key.
Yes (10)
No (25)
Doesn't matter (
Yes (10)
No (25)
I don't want to deal with inventory. (50)
10. I want a home business that is turn-key.
Yes (10)
No (25)
Doesn't matter (
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
50)
11. I like the idea of manufacturing my own products. (crafts, jewelry, clothing line)
Yes (10)
No (50)
12. I am coachable, and can easily follow instructions.
Yes (50)
No (10)
13. I am willin
11. I like the idea of manufacturing my own products. (crafts, jewelry, clothing line)
Yes (10)
No (50)
12. I am coachable, and can easily follow instructions.
Yes (50)
No (10)
13. I am willin
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
to do whatever it takes to be successful in my home business.
Yes (50)
No (10)
14. I consider myself to be customer service oriented.
Yes (50)
No (10)
15. I am comfortable communicating over the ph
Yes (50)
No (10)
14. I consider myself to be customer service oriented.
Yes (50)
No (10)
15. I am comfortable communicating over the ph
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
one.
Yes (50)
No (10)
Assessment time:
If your score was.....
670 - 750 You are completely ready to start your own home based business, and are unstoppable! You may not have a product line to launch,
Yes (50)
No (10)
Assessment time:
If your score was.....
670 - 750 You are completely ready to start your own home based business, and are unstoppable! You may not have a product line to launch,
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
but you have a business "mind-sense," and can easily achieve your financial goals through your superior management skills. Because of your flexibility, you can choose either a product or service oriented b
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
usiness. Be sure to focus in on one business type,
and get going.
350 - 669 You could be ready to launch your own line, or perhaps you have a great talent you're ready to market. This is your time to
350 - 669 You could be ready to launch your own line, or perhaps you have a great talent you're ready to market. This is your time to
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
hine! You may wish to take a franchise or MLM opportunity and earn your fortune through them. You enjoy working on your own, independently, as well as with others. Your very nature allows you to start so
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
mething and follow-through. You may not have always been a go-getter, but you are fired up about getting your home-based business going, and are willing to work really hard at making it successful.
0 - 34
0 - 34
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
Ambition isn't necessarily your forte`, and you really want to have a home-based business to work - less. You are more task-oriented, and like the idea of following a daily plan. You want to do you time
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
each work day, and collect the cash. For you, finding a turn-key operation is critical to your overall success - but once you've found the right fit - there's no stopping you.
Author, Chris Archer has be
Author, Chris Archer has be
.
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
n operating home-based businesses for nearly 15 years, and now donates her time to mentor others. She can be contacted at chris@chrisarcherinc.com. Her website is http://www.chrisarcherinc.com, where en
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
trepreneurs and home-based business owners can subscribe to her newsletter, for weekly advice and innovative ideas that can be incorporated into any business.
2006 © Chris Archer Inc. - All rights reserve
2006 © Chris Archer Inc. - All rights reserve
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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