Just Other Articles - Internet and Businesses Online

These are some of the mindset and attitude that you need, to succeed in creating joint ventures.

1. Think BIG.

You just got to th

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

ink big! Do not belittle yourself. You may be new and unknown at the moment but if you have a great product or idea, approach the best

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

Examples of combination products may in

joint venture partners. Look for the top and well know Internet marketers. Hey, they can only say “NO”. It will not kill you! Remember

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

hat everyone is subject to this fact – What’s in it for me?

2. Be Thick Skin

I am not sure if that is the correct phrase to use.

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

What I mean is that you should not be afraid or feel shy to approach anyone. You got nothing to lose, so just keep on asking and be per

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

Combination pro

sistent. Remember, the best sales person is the one who is not afraid to talk to anyone. They also receive the most rejections.

3. Be

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

atient and Persistent

This is an important virtue. Be aware that some of these Internet marketers are busy. They probably receive

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

thousands of emails a day. They often receive many joint venture requests as well. So if they fail to response, politely send them a re

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

minder about a week later.

If they turn you down, then thank them for considering your offer. Keep in touch with them and approach the

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

later when the need arise. Remember that a “NO” today does not mean a “NO” forever. Circumstances may change in the future and they ma

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

y change their mind.

4. Treat Others Well

Building great relationship is crucial to success. This is important especially on the

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

Following aspects would a

Internet. To tell you the truth, I have not met most of my JV partners face to face, but I always maintain a great relationship with th

dd to the challenges in developing combination products:

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

m.

Here are a few tips to build a lasting relationship:

(i) Response to all their emails promptly

(ii) Treat them with respect w

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

hen you email them. Thank them and show your appreciation for their continuous support.

(iii) Keep up to your promise. If you prom

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

ise to promote for them, then do it! Do not mess around with their money. Pay them what is due promptly!

(iv) Provide the best for

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

them. If they are endorsing your product, provide them with attractive commissions (75% to 100%) and make it easy for them to assist yo

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

Professional from academic institutions, pharmaceutical industries, health care indust

u. Provide them with review copies of your products and the promotional materials.

(v) Show them you care. I personally do send Ch

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

ristmas cards (the physical copy) to my JV partners. During Christmas or New Year I create a video specially to thank them for their su

.

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

port.

5. Be Sensitive To Their Needs

Do not wait for you JV partners to ask you for help. If you know that they need your help, a

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

Companies that provide selfless information through particip

pproach them and offer your help. It could be promoting their product or improving on their product, sales copy, marketing process, etc

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.justotherarticles.org.ua/article/64117/justotherarticles-Mindset-Needed-To-Succeed-in-Creating-Joint-Ventures.html">Mindset Needed To Succeed in Creating Joint Ventures</a>

BB link (for phorums):
[url=http://www.justotherarticles.org.ua/article/64117/justotherarticles-Mindset-Needed-To-Succeed-in-Creating-Joint-Ventures.html]Mindset Needed To Succeed in Creating Joint Ventures[/url]

The job you have now is one that you love. If you think you are about to lose it find ways to make your company want to keep you around. 3 steps that will help you keep any job.

It is so easy to do. A small typo. But it can have big consequences. Especially if it is in your media release. It can cause millions in lost sales, damage your reputation forever and cost you political elections. So what can you do to prevent costly and embarrasing errors?

Everything begins with a simple idea. This can be discovered by accident while working on something else or after years of being employed by someone else. When banks are not that helpful with the loan, the entrepreneur may sometimes just give up on the idea. There are those who pray for a miracle and at times get an answer in the form of the venture capital angel investor.

Tags

Links

Just Other Articles - Mindset Needed To Succeed in Creating Joint Ventures

Related Articles: