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Answers - Managing the Stress of a Home Based Business
At first blush one might suppose that home based businesses would be stress free. After all, look at the advantages: be your own boss, make your own schedule, work when you feel like working and there are no traffic jams to and from the office!
Let's look closely at these four factors, w
Let's look closely at these four factors, w
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
hich I consider to be myths.
Be your own boss.
Being the boss means now you, not somebody else, have responsibility for all the tasks related to managing a business. These include checking for regulatory compliance, tax reporting, maintaining business accounts, planning and manag
; 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 inventory, order taking, keeping the books, advertising, marketing, delivery, billing and reading the mail. It's not that any one of these and dozens more tasks are necessarily complicated. Some of them, in fact, might be boring, as in sifting through the junk mail.
What can be stress
What can be stress
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ul is the multiplicity of tasks. Put another way, being your own boss means keeping track of unending and unrelenting details. There needs to be a quick, efficient system for getting all these details out of the way in order do the actual business of making something or selling something.
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
That's where the stress develops: no brooding over bills, no piling up of mail to be opened at some later date, no delay in filing or storing data, no idol moments to debate what to save and what to throw away. The filing system, whether by computer or in file cabinets needs to be well 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
anized so that what goes in and comes out can be done quickly.
And then, of course, there are the unending phone calls. "The boss," as one of my key contacts told me bluntly when we were introduced, "does everything." That's the job description: the boss does everything. No matter whethe
And then, of course, there are the unending phone calls. "The boss," as one of my key contacts told me bluntly when we were introduced, "does everything." That's the job description: the boss does everything. No matter whethe
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 the task be secretarial or executive in nature, the boss does it. The pressure is to do it right now. Get behind with a home based business and there will be instant stress because getting behind means that tomorrow there will be twice as much to do.
The art to be developed here is MU
The art to be developed here is MU
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
TI TASKING.
Make your own schedule Working at home is only possible when you are working at home! The problem about being at home is that there are always things to be done. "Things" to be done include preparing and eating meals, keeping the house orderly and clean, answering the
Make your own schedule Working at home is only possible when you are working at home! The problem about being at home is that there are always things to be done. "Things" to be done include preparing and eating meals, keeping the house orderly and clean, answering the
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
door, getting out the trash, taking care of any dependents, feeding the pets, bringing in the paper and the mail, visiting with the neighbors. Unless one is living absolutely alone in a totally managed apartment or condo it is nearly impossible to be home without having "things" to do. On
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
e you have made a work schedule the real stress begins: keeping the schedule instead of doing what needs doing for home maintenance and daily living.
Sticking to the schedule means no TV interruptions, no extended phone conversations, no time outs to run up to the store or take a quick s
Sticking to the schedule means no TV interruptions, no extended phone conversations, no time outs to run up to the store or take a quick s
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
esta. Working alone is boring, tiring and often non-stimulating. There is no companionship, no joking around and no other workers to pick up the slack or form a team approach. You do it or it does not get done. You work no matter what mood you are in and no matter how you are feeling phys
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
ically. Any time you break with the schedule the business stops and work piles up.
The art to be developed here is FOCUS AND CONCENTRATION.
Work when you fee like working This myth is the downfall of many a business at home! Working only when you feel like working is what descri
The art to be developed here is FOCUS AND CONCENTRATION.
Work when you fee like working This myth is the downfall of many a business at home! Working only when you feel like working is what descri
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
es a hobby, not a business. For those who only work when they feel like working hobbies are the better choice.
The art to be developed here is DETERMINATION AND MOTIVATION. Work when the work needs to be done and learn to enjoy the work. Any other approach will be a stress producer and y
The art to be developed here is DETERMINATION AND MOTIVATION. Work when the work needs to be done and learn to enjoy the work. Any other approach will be a stress producer and y
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
u will not last.
No traffic jams Despite the complaining, traffic jams are not all bad. They give drivers a good separation time between work and home, something essential for reducing stress at both work and home. The window of time might be spent listening to the news or to mus
No traffic jams Despite the complaining, traffic jams are not all bad. They give drivers a good separation time between work and home, something essential for reducing stress at both work and home. The window of time might be spent listening to the news or to mus
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
c while stalled in traffic. It might be conversation with others. It might be concentration on the traffic situation. Traffic jams are like feeding pigeons: they get our minds off what we are leaving before we engage with what is happening at our distination. The separation is what allows
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
people to segregate work from home life.
Those who work at home do not have built-in separations between home and work. The work is inside their home. The stress from home surrounds the work area and the stress from work exudes out into the home. A conscious effort must be made to close
Those who work at home do not have built-in separations between home and work. The work is inside their home. The stress from home surrounds the work area and the stress from work exudes out into the home. A conscious effort must be made to close
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
down work at quitting time, get out of the office, take some sort of break such as a short walk or yes, feeding pigeons before engaging in home life. Lacking such breaks is an invitation to stress that never stops. The stress will likely reach burnout proportions. You, the boss worker, wi
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
l be disgusted by the whole situation to the point of wanting to kill the business or run away from home or both.
These pitfalls are easily avoided with a little business coaching. One of the prime reasons for business coaching (in this case, stress management coaching) is to avoid learn
These pitfalls are easily avoided with a little business coaching. One of the prime reasons for business coaching (in this case, stress management coaching) is to avoid learn
.
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
ng things the hard way. The coach, whether a friend, mentor or professional coach, can point out creative ways to manage the stress that you might have thought wouldn't be there. In fact, many people start a business at home because they assume it will be stress free. A good coach can giv
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
a few guiding suggestions and focused questions, whether by phone or in person, that help you find a way to turn things around before the stress gets out of hand.
Advice is always better before getting started. But the next best thing to looking before you leap is looking after you leap
Advice is always better before getting started. But the next best thing to looking before you leap is looking after you leap
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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