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Digg It - A Serious Warning to Business Owners
Over the past 19 years, I have worked with thousands of business owners in Africa, Canada and the United States. I foresee serious financial adversity looming for many entrepreneurs in the coming years, and perhaps a lot s
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
ooner than we may think. And before you conclude that this is mere speculation, let me share some reasons for my concern, and then allow me to offer you a solution.
On a macro level, we all know that the dollar’s purchasi
On a macro level, we all know that the dollar’s purchasi
; 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
ng power has declined. The “world’s reserve currency” is in trouble. America slips further into debt. Since the end of the gold standard in 1971, this has escalated. With cheap labor increasingly available in India and Chi
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
a and a huge influx of new immigrants into the US and Canada, with the Canadian economy heavily dependant on the US, plus the massive housing bubble, the future is scary for thinking people. Peoples’ savings are worth less
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
and less. It is said that the average American retires with under $30,000 in net worth. Baby Boomer entrepreneurs can’t sell their businesses for what they’re really worth. Terrorism is not going to go away, whether the R
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
epublicans remain in office or not, believe you me. One serious bioterrorism attack in the US will have a dramatic economic effect. Tough economic times are looming. A massive wave of inflation could be triggered in North
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
merica when other countries start to panic and cause a domino effect. The dyke is beginning to leak.
“In Brazil, between 1992 and 1994, the currency went to zero. Between 1994 and 1995 the Mexican Peso dropped by 50%. In
“In Brazil, between 1992 and 1994, the currency went to zero. Between 1994 and 1995 the Mexican Peso dropped by 50%. In
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
1996 the Yen dropped 24%. In 1997 the South East Asian currencies dropped dramatically. In 1998 the Ruble dropped 70%.” Paul van Eeden, Investment Analyst, Editor. It can happen to us.
But here’s the real story: most busi
But here’s the real story: most busi
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ness owners have all their eggs in one basket. Most are in debt and highly leveraged. Many are not keeping up to date with world events. They don’t understand the real dangers of terrorism, foreign skills and products and
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
nflation. Our society becomes increasingly litigious. Unions, especially in Canada, are turning employees into an increasingly risky proposition. Many business owners are nothing but self-employed salespeople. When they do
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
n’t work for any amount of time, they will lose their businesses. The housing bubble, alone, could cause massive change. We get so busy paying the bills, meeting payroll and staying ahead of the local competition, that we
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
don’t see that we’re heading, Titanic like, for a large iceberg. How many times have we seen a business owner go bankrupt because of one event, like a divorce, military service, a big box retailer entering the local market
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
a lawsuit or an act of God? We see what happened with Katrina, 911 and outsourcing. We’re at risk.
There is some good news to report. There is a way to spread your risk across a variety of different business types, creat
There is some good news to report. There is a way to spread your risk across a variety of different business types, creat
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
ing multiple streams of increasing, passive income. There is a way to reduce your overhead or even completely remove it, thus radically decreasing the amount of cashflow you require to survive and prosper. There is a way t
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
o operate without employees, leases, risk and pressure. And you can spend a lot less time on creating wealth than you currently do. And there is a proven way to leverage and duplicate you efforts and to use other peoples’
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
ime, money, resources, skills and distribution. You can earn 100% profit, as well – and no conventional, risky, limited business enjoys a 100% margin. In order to enjoy unlimited earning potential in a fraction of the time
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
you currently spend making a living, you might simply consider the fact that 20% of the income of the Fortune 500 and International 2000 companies comes from Joint Ventures, and that a full 50% of these Joint Ventures are
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
done with the competition! The solution to success, security, stability and wealth is Joint Ventures.
No matter whether you have a business or not, and regardless of your background, age or training, you can use Joint Ve
No matter whether you have a business or not, and regardless of your background, age or training, you can use Joint Ve
.
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
tures to create wealth fast, with no money or risk. I have done this for 19 years. It is the ultimate business option with no capital investment required. That’s why I don’t own a conventional business. If you gave me one,
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
I’d give it right back to you or close it down immediately.
You don’t have to be at risk. You can radically increase your wealth and remove barriers. Forewarned is forearmed. The fire alarms are ringing. Do you hear them
You don’t have to be at risk. You can radically increase your wealth and remove barriers. Forewarned is forearmed. The fire alarms are ringing. Do you hear them
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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