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For the past two summers my son has dabbled in entrepreneurialism.

He started by mowing lawns,

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

what kid hasn't done that? It's time tested and money in the bank. (The grass always keeps growing...unless you live in the arctic.)

Last summer we brainstormed

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

Examples of combination products may in

a little and bought some gear for under a hundred bux and he started going door-to-door asking people if he could hand-wash their cars for 10 bux a pop. (he us

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

ed the same client list he had built from mowing lawns also, he's a smart kid!)

This year we, I should say HE because HE does all the work lol, went a step furt

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

er.

He's been offering his clients an 'interior auto detailing' service for $25 bux (not including the $10 for hand-wash service.)

About 75% his clients take h

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

Combination pro

im up on the offer which means he now gets thirty-five bux an hour (it takes him about an hour for total service.)

Compare that to any auto-detailing service i

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

n your area, it's a great price for the service you get, period!

I've seen his work, he's very good! The little rascal charges his old man $20. (He calls it the

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

family discount, LOL, if we were American I'm sure he would be a Republican. We're Canadian.)

He's averaging between $500-$800 per week! His clients love his

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

ervice so much he only spends about an hour a day door-knocking for new clients.

He works 4-6 hours per day four days a week.

Myself having been an entrepreneur

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

for the past ten years approached my son and asked him if he would hand out business cards promoting my website.

He said.....get this....."WHAT'S IN IT FOR ME

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

DAD?"

As I was choking back tears of pride I realized he was well on his way to becoming a successful businessMAN......

..........then he rejected my offer of o

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

Following aspects would a

ne dollar per business card, and counter-offered a buck and a half.

Well I did what any 'good' father would do.......I took away his X-Box!!!

That'll learn 'em

dd to the challenges in developing combination products:

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

HAHAHAHAHA!

I'M KIDDING................we met in the middle and settled on a buck and a quarter. That's pretty good for him considering all he has to do is ask

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

the following;

"Hey Mister, You own a computer?" If they say yes he hands over a card and says "Check it out"

If they say no, he says "Know anyone interested i

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

n making extra money at home? Give this card to them please"

My card simply has my URL ONLY on it. http://www.helpfuldynamics.com

I've sold over twenty of his

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

clients wanting my various information pacakages. This has been in the last month alone!

His clients trust him and I don't think they would have bought from me

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

Professional from academic institutions, pharmaceutical industries, health care indust

if it had not been for my son Anthony, who is 15 years old by the way!

What are your kids doing this summer? Why not teach them about entrepreneurialism?

McDon

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

alds is a great place to work I guess if your kids will accept minimum wage and being worked like a dog.

Why not pass on your entrepreneurial spirit to your kids

.

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

now while they're still impressionable.

What? No kids?

Start this business yourself, and hire the neighbors kid.

You line up the appointments, the kid does th

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

Companies that provide selfless information through particip

e detailing and hand-washing and split the take.

AND DON'T FORGET YOUR WWW. BUSINESS CARDS!!!

Hope this gets your kids off the couch/computer games this summer

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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We share the thoughts of some of the leaders from our recent CEO Panel, who enjoy the benefits of engaging low-income workers.

There are many reasons to use a professional recruiter in your career search. Recruiters in a specific field have many connections that are not public knowledge, so they can give you access to jobs that aren't available otherwise. They already have a relationship established with the hiring manager of many companies and this speeds the process along. And the best part is that their services are FREE to the candidates.

How often have you heard this one (or said it?): “I don’t like sales, and besides… I’m no good at it.” Most of us have said it, no matter what our industry or profession, steering clear if possible of anything that smacks of sales. We prefer, instead the sweet smell of nearly anything else-- marketing, operations, management, engineering, accounting… anything else! “Just don’t ask me to go out and SELL something. No sir, no way, no thank you, ma’am. That’s just not me.”

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