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Answers - 10 Things Not To Do When We First Start Out In A Home Based Internet Business
Why do we want to start a Home Based Business? Not only home-based, but via the internet... The Internet has indeed allowed us to do many things from the comfort of our own home or anywhere in the world with internet access.
Thus, more and more people are asking themselves what they should not do at all if they ever get involved in a home b
Thus, more and more people are asking themselves what they should not do at all if they ever get involved in a home b
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
ased internet business. Why do they ask? Basically, like any science experiment, we would all want to know what are the certain precautions we need to take in order to do them safely and correctly... Who decides on the precautions to take? Well, it would be someone who cares enough to ensure that the experiment would yield the expected resul
; 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
s.
Being an ex-teacher, I understand the value of taking precautions... Usually precautions are given in the Teacher's Guide by the relevant authorities. However, there will be times when extra precautions not mentioned in the guides need to be raised by the teachers themselves so that the students are aware of any potential hazards or self
Being an ex-teacher, I understand the value of taking precautions... Usually precautions are given in the Teacher's Guide by the relevant authorities. However, there will be times when extra precautions not mentioned in the guides need to be raised by the teachers themselves so that the students are aware of any potential hazards or self
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
sabotages...
Now, here's a list, not an exhaustive one, that according to me needs to be observed by anyone who is serious about starting a home based business online. There are apparently plenty more that cannot be sufficiently covered because the Internet serves a Global community... Anyway, I just hope that this basic list would set you
Now, here's a list, not an exhaustive one, that according to me needs to be observed by anyone who is serious about starting a home based business online. There are apparently plenty more that cannot be sufficiently covered because the Internet serves a Global community... Anyway, I just hope that this basic list would set you
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
hinking and headed on the right path towards success =)
1. Do not pretend to be an expert in every area.
There are so many aspects to be taken into consideration when it comes to running an internet business that we seriously need to be humble about the things we don't understand or know and employ the assistance of those
1. Do not pretend to be an expert in every area.
There are so many aspects to be taken into consideration when it comes to running an internet business that we seriously need to be humble about the things we don't understand or know and employ the assistance of those
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ho are in the know-how.
2. Do not jump into any business opportunity without first doing a thorough check on the company's profile.
This is not an easy step to take especially so when even legitimate companies may be misrepresented or abused by scammers. I have received many emails offering me opportunities by "myself" too
2. Do not jump into any business opportunity without first doing a thorough check on the company's profile.
This is not an easy step to take especially so when even legitimate companies may be misrepresented or abused by scammers. I have received many emails offering me opportunities by "myself" too
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
LOL! Get yourself a well-informed mentor/advisor to guide you along.
3. Do not be distracted & mind your own business.
There are so many opportunities offered online! Many people will Try This and Try That... Have you heard of Jack who is into all trades? Yes, he's no master... Just a slave in the making. Distractions off
3. Do not be distracted & mind your own business.
There are so many opportunities offered online! Many people will Try This and Try That... Have you heard of Jack who is into all trades? Yes, he's no master... Just a slave in the making. Distractions off
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
r you chains unseen by the naked eye if you're not careful... Decide on your primary business. Mind your own business and you will prosper. Thinking of multiple sources of income? Sure, if you are ready and have built yourself a good foundation. If not, be wise about things and do one thing well at any one time =)
Replying to anonymous spam
Replying to anonymous spam
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
emails can also be a distraction. Well, most scammers just need a response from you to start a whole army of emails marching your way until your inbox needs changing. These test emails are usually not addressed to anyone in particular or are addressed to a hidden list that has been collected using "spydees" etc. You will probably not be able
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
to find your email address in the recipient's field. So, why reply and invite distraction?
When you're doing anything that's not helping you market and grow your business... it is a distraction.
4. Do not send an email when your computer is infected by a virus, trojan, spyware, adware and the like.
You would not want your
When you're doing anything that's not helping you market and grow your business... it is a distraction.
4. Do not send an email when your computer is infected by a virus, trojan, spyware, adware and the like.
You would not want your
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
sensitive information to land in the wrong hands. Get yourself protected using an antivirus/internet security software.
5. Do not forget to track what you're doing.
This is especially vital prior to each marketing campaign you run... This will ensure that you know where to spend the best dollar and where not to spend at al
5. Do not forget to track what you're doing.
This is especially vital prior to each marketing campaign you run... This will ensure that you know where to spend the best dollar and where not to spend at al
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
.
6. Do not be discouraged.
There will be people who will try to steal your dreams or trample upon them. Your loved ones especially. You need to be focused in what you do. Every setback sets you up for more success... To know what works and what doesn't is the key to getting to do only what works for success. Simple enough
6. Do not be discouraged.
There will be people who will try to steal your dreams or trample upon them. Your loved ones especially. You need to be focused in what you do. Every setback sets you up for more success... To know what works and what doesn't is the key to getting to do only what works for success. Simple enough
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
7. Do not limit your mindset.
I chose this to be seventh on this list because it is very important! A mindset limited by any situation, opinion or anything is going to generate limited or no success... E.g. if you're desperate to earn and income & all your bills are piling up... being desperate stems from a limited mindse
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
. Learn to see new possibilities out of your situation instead of allowing yourself to be depressed and defeated. Overcoming negative emotions is not easy, but it's definitely possible! Anyway, entertaining negative emotions won't move you in any positive direction. Manage your emotions and a better mindset can emerge to help pull you throug
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
any tough spots.
Another area of limited mindset is often manifested in the amount of time, energy or money we are willing to commit in order to succeed. Sometimes, the opportunity of a lifetime doesn't come "cheap". A limited mindset would view a golden opportunity as time-consuming, energy-draining and "expensive"... It doesn't allow us
Another area of limited mindset is often manifested in the amount of time, energy or money we are willing to commit in order to succeed. Sometimes, the opportunity of a lifetime doesn't come "cheap". A limited mindset would view a golden opportunity as time-consuming, energy-draining and "expensive"... It doesn't allow us
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
o see beyond those limiting factors into a future that will reward us with success unlimited! Thus, we have people regretting during their dying moments for not taking enough risk in their life... most people statistically regret that.
8. Do not give up on yourself.
You are your worst enemy... When you quit on yourself, yo
8. Do not give up on yourself.
You are your worst enemy... When you quit on yourself, yo
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
quit on everything! Sometimes, we cannot see any fruit of our labour being produced... Be patient. Persevere. People may give up on us, but we must never let what they think of us become our reality. We can create our own future. We just need to fix our vision, believe in it and work consistently towards fulfilling it, never giving up! Havi
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
g said all that, we need to recognise what we need to quit thinking, doing or saying - anything that work against our vision and core desire.
9. Do not reinvent the wheel especially when you're new.
Reinventing systems takes time, energy and money... It's wiser to stick with proven systems especially when you're just start
9. Do not reinvent the wheel especially when you're new.
Reinventing systems takes time, energy and money... It's wiser to stick with proven systems especially when you're just start
.
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 out fresh =) Sometimes, having a lousy looking website up quickly can profit you more than having a painstakingly reinvented website up after a long time! Use existing systems that work. Simplicity is the key.
10. Do not be ill-prepared.
This is the last on this list, but it's definitely not the least. Do your due resea
10. Do not be ill-prepared.
This is the last on this list, but it's definitely not the least. Do your due resea
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
ch first and always check your business processes before you implement it... Doing research and checks before implementation helps to minimise on a lot of headaches. If you like headaches, then ignore this last item ;-)
Well, I hope this list will help you move quickly in the right direction. Remember this: Only you can slow yourself down..
Well, I hope this list will help you move quickly in the right direction. Remember this: Only you can slow yourself down..
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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