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“Once Upon a Cubicle there was a man who wanted out
He knew he couldn’t stay here but still was filled with doubt
The thought of no weekly paycheck turned his smile into a pout
But ‘A business startup is my heav

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

en’ was all that he could shout!”

Funny doggerel, you’d say, but this is the kind of dilemma so many men and women go through every day. The dream of being your own boss and living a more wholesome life versus the loss of sec

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

Examples of combination products may in

urity of a paycheck is a huge battle. But free sticky notes or the lack of it is keeping fewer and fewer dreamers in jobs that don’t rock their socks any more.

The reasons people cite for quitting mainstream, regular jobs and

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

turning to entrepreneurship are wide and varied. Some want to chase a dream, some want to spend more time with family and some are looking for creative satisfaction. Whatever the motivation may be, most entrepreneurs I meet a

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

gree on one thing – starting out on their own has given them more satisfaction- personal and professional, than any other job they’ve ever had.

There is the satisfaction of being appreciated, of utilizing one’s skills, ideas

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

Combination pro

and capabilities to one’s direct advantage and having a well-rounded life. That is why starting your own business is a liberating and exciting challenge. More than making pots of money, it is about finding your place under the

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

sun, making your mark doing what you like to do and are good at.

If you are the guy in my limerick and looking for a reason to cut loose from the cubicle, here are 10 reasons to do it:

1. You Would Love Your Work– When you

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

get into business for yourself you most likely choose something you are passionate about and are good at. This mixture of proficiency and passion is what makes it worthwhile.

2. There Is No Retirement: A businessman never has

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

to retire from the job. You like your work and are enthusiastic about it and that makes it possible for you to go on till you feel the time is right to call it a day. You get to decide when to quit, not HR or the boss.

3. Yo

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

u’d Be Your Own Boss: Seriously, this one doesn’t even need an explanation! You can set targets for yourself and chart out your own course. You get to decide whether you want to spend the most productive hours of your day work

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

ing on a new sales campaign or go to a meeting where most people are looking somber and secretly doodling on their writing pads.

4. You Learn More: When you are the CEO, the janitor, the accountant, copy writer and the custom

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

Following aspects would a

er support team (plus a whole lot of other things like the official coffee maker and the receptionist) learning is inevitable and the learning curve much steeper.

5. You Will Be Creating Wealth: Creation of wealth is the hall

dd to the challenges in developing combination products:

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

mark of a business - for yourself and for other people. If you look closely you will find that the world’s richest people were either born rich or built their riches through a business idea that they had the guts to take forwa

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

rd and sustain.

6. You Will Be More Satisfied: There is no instant gratification anywhere in the world, in any activity! Being in business is a deeper, longer-lasting satisfaction than being a part of the 6.00 pm back-to-home

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

commuter crowd. The challenges, the rewards and the learning a start-up business offers is far more gratifying.

7. You Can Be Creative And Be Rewarded For It: When you are in a start-up situation, you are on your own and the

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

paucity of resources necessitates lateral thinking. For an entrepreneur, creative thinking is directly proportional to the rewards received.

8. It Is Not That Hard: This is the top reason why people should get into business

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

Professional from academic institutions, pharmaceutical industries, health care indust

. Most people considering a stat-up business feel it’s too tough to start from scratch. Use my 5K Biz Model and new business books to learn the basics and join business groups to get ideas and support.

9. Control: When you d

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

ecide to be an entrepreneur, you take charge of your life. You are in control of what happens to your career, who you want to work with and how. Your future is in your own hands – that’s a whole new type of job security.

10.

.

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

Flexibility: You can live your life the way you want to, work when you want to, and take vacations when you want to not when your boss lets you. You get to work towards the goals you set for yourself and sometimes you get to d

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

Companies that provide selfless information through particip

o that at 2 am at home.

There are more than ten reasons to start a new business for most people. Your reasons are yours but the day you turn entrepreneur will be the day that marks the biggest and the best change in your life

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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Diversity training is great, but in order for your diversity strategy to be properly implemented, you must take additional steps.

With no established protocol to follow you have to create from the ground up. A critical thinker looks at every system, every process, and every procedure as if they were being done for the first time. This creates an opportunity for innovation with every action you take. This opportunity for innovation is what will yield an atmosphere of constant improvement that makes you competitive in today's dynamic and volatile market.

In summary, what you will read today will be on how trade began from the time people start to exchange, to buying and selling. Brick-and-Mortar Business will be the next phase which business will go though and finally, Internet Business.

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