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As a home based business owner, have you ever struggled with choosing and setting your priorities? Have you given up on time management? The life of a home business

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

owner and entrepreneur is complex. Of course home based business owners also struggle with time management issues.

On any particular day home business owners have

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

Examples of combination products may in

to deal with marketing, sales, human resources, financial management, customer service, increasing profits, systems, and strategic planning. It is true each of the

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

areas need attention. So how in the world can a business owner stay focused and make sure that he/she is working on the right thing at any particular point of time?

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 a busy person and you work extended working hours. You can imagine how it can consume most of your time. Whether you like it or not, most likely this hap

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

Combination pro

pens when you attempt to run a business properly. After all, there are probably many things that you want to do with your time, such as spending time with your fami

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

y, going out with your friends, reading books, play with your children, or what not. Taking care of your home business can take up all of your time. Time management

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

skill is also a must for a home business owner.

The key to becoming more effective in time management lies in developing the ability to ask good questions. The be

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

st question is a question that cannot be answered with a simple yes or no answer but has to be explained. The following are some questions to help home based busine

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

s owners to become focused:

What does the business need from me today? Based on my answer, what needs to change? What information do I need? What

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

is my logical next step?

What do I need from the business? How can I go about creating that? Who do I know that has experience dealing with this

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

Following aspects would a

issue that I can get support from?

Will this task take longer than 2 minutes to complete? If yes, defer until later. If not, do it now.

Is t

dd to the challenges in developing combination products:

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

is something I need to deal with now or can it wait? If it can wait, when would be the best time to schedule it to be worked on?

Am I prioritizin

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

g my tasks based on my comfort zone or what the business needs to succeed? One thing, as we all know, all time management gurus tell us to set your

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

priorities. There is probably nothing more important than setting your priorities, since they will set the stage for just how much time you will spend on each area

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

of your life. You must clarify in your mind exactly what you want in life, and determine to spend more time on those things that you feel are most important.

Thing

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

Professional from academic institutions, pharmaceutical industries, health care indust

s that matter most must never be at the mercy of things that matter least. If your home business is the most important to you, then it is only right that you use mo

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

st of your time on it. But if it is not, you should begin to scale back on the time you spend on it. Remember- you own your home business; it does not own you.

Whe

.

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

you are in business for yourself, time is as precious a commodity as money. Everyone knows you can make twice the income by working twice the number of hours, putt

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

Companies that provide selfless information through particip

ing forth twice the amount of effort. The secret to true success in home based business is making the time you currently invest in your business twice as productive

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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