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Summary - Your Mastermind Group - What, You Don't Have One?
Executive Summary
Only 5% of businesses survive past 5 years. Almost no women make it to CEO in their company. What is the one thing that successful businesses, and successful executives, have in common?
Mentoring.
But how many small business owners, how
Only 5% of businesses survive past 5 years. Almost no women make it to CEO in their company. What is the one thing that successful businesses, and successful executives, have in common?
Mentoring.
But how many small business owners, how
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
many female executives, can actually find a high-flying mentor to smooth their way, lead them through the shark-infested waters of today’s business world? It’s not easy and it’s probably not the best solution anyway.
This report explains the nuts and bolts benefits
This report explains the nuts and bolts benefits
; 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
of mentoring, and discusses why peer mentoring in a mastermind group, a simple process to organise and benefit from, is in most cases vastly superior anyway.
Business Mentoring is Not the Same as Coaching
Many people benefit from personalised life or busines
Business Mentoring is Not the Same as Coaching
Many people benefit from personalised life or busines
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
coaching, appreciating the individual time spent with a coach who is able to guide them in achieving greater levels of satisfaction from what they are doing.
Business mentoring, on the other hand, is not so much about you as about your business or role. In busines
Business mentoring, on the other hand, is not so much about you as about your business or role. In busines
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
mentoring, you want to deal with the nuts and bolts of running the business so that you maximise profit, by working smarter not harder, and by minimising mistakes and wasted effort.
Benefits of Business Mentoring through Your Mastermind Group
A good mentor
Benefits of Business Mentoring through Your Mastermind Group
A good mentor
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
s someone with extremely deep and broad experience and expertise in your industry. Such a person can quickly facilitate your own knowledge and expertise, with a strong focus on strategic thinking. Having an “expert in your pocket” helps ensure success and dramatica
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
lly decreases risks.
Case Study
Paul was an experienced accountant and had run a sole practice for 15 years. He considered himself to be successful because he had all the clients he could handle. However he wanted to grow and realised that to do that quick
Case Study
Paul was an experienced accountant and had run a sole practice for 15 years. He considered himself to be successful because he had all the clients he could handle. However he wanted to grow and realised that to do that quick
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
y and yet safely, he needed expert help.
Barbara, a senior partner of a major accounting firm, became his mentor. She guided him through strategies to both build staff and win business, including monitoring systems to ensure good quality control.
Without Barbara’s
Barbara, a senior partner of a major accounting firm, became his mentor. She guided him through strategies to both build staff and win business, including monitoring systems to ensure good quality control.
Without Barbara’s
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
help, Paul could not have proceeded to his “end game” which was the point at which he could actually work on his business instead of in it.
Why Peer Mentoring Beats Individual Mentoring, Hands Down!
Late in the ‘80’s, when I did my TQM and Quality Systems tr
Why Peer Mentoring Beats Individual Mentoring, Hands Down!
Late in the ‘80’s, when I did my TQM and Quality Systems tr
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
ining, one thing that really rocked me was the ability of a group to outperform just about any individual. Our instructor pointed out that even in the SAS, even in survival situations, a person in a group had a better chance of living than any individual, regardless
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
of experience or level of knowledge!
And when you think about it this does make sense. An experiment we often run with our groups is to do a count of the number of years of combined business experience in a room. Quite often, especially when you throw in the baby
And when you think about it this does make sense. An experiment we often run with our groups is to do a count of the number of years of combined business experience in a room. Quite often, especially when you throw in the baby
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
boomers, it adds up to over 250 years of impressive experience of all kinds of businesses and business situations.
Wouldn’t you like to be able to tap into that any time you wanted!
Your Own Peer Mentoring, Business Mastermind Group
Some people find they pr
Wouldn’t you like to be able to tap into that any time you wanted!
Your Own Peer Mentoring, Business Mastermind Group
Some people find they pr
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
fer a live meeting format for peer mentoring and the following is what I suggest to ensure success for everyone concerned:
• Meet once each week – any less and you’ll find people dropping off, lagging, or just not doing what they committed to doing.
• Be specific a
• Meet once each week – any less and you’ll find people dropping off, lagging, or just not doing what they committed to doing.
• Be specific a
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
out what you actually want from the group and elect someone to ensure all discussion stays “on point”.
• Keep records so that you can see whether real progress is being made or whether that is merely wishful thinking.
• Be strict about action points. Schedule them
• Keep records so that you can see whether real progress is being made or whether that is merely wishful thinking.
• Be strict about action points. Schedule them
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
and follow up.
• Remember that each person has the right to accept or reject any and all suggestions. They are the one carrying the risk.
The Advantages of On-Line Peer Mentoring or Business Mastermind Groups
Maybe the most obvious advantage of on-line pee
• Remember that each person has the right to accept or reject any and all suggestions. They are the one carrying the risk.
The Advantages of On-Line Peer Mentoring or Business Mastermind Groups
Maybe the most obvious advantage of on-line pee
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
mentoring is that you save a lot of time! Here are some even more important advantages:
• There’s no travel, and you “peer mentor” at your own convenience. No need to commit to set meetings so there's huge time flexibility.
• Many more people are available to sh
• There’s no travel, and you “peer mentor” at your own convenience. No need to commit to set meetings so there's huge time flexibility.
• Many more people are available to sh
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
are their experience or knowledge.
• The structure is already there. You can work through particular steps to success, and you can also simply put your hand up and yell “help” if you need to.
• The same forum provides a whole lot of other business resources as wel
• The structure is already there. You can work through particular steps to success, and you can also simply put your hand up and yell “help” if you need to.
• The same forum provides a whole lot of other business resources as wel
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
.
• The quality relationships formed in these on-line working groups lead to streams of referrals, naturally!
How to Access On-Line Peer Mentoring
The good news is that you can not only easily experience on-line peer mentoring, but also it’s absolutely FREE
• The quality relationships formed in these on-line working groups lead to streams of referrals, naturally!
How to Access On-Line Peer Mentoring
The good news is that you can not only easily experience on-line peer mentoring, but also it’s absolutely FREE
.
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
As a free member of My Speed Business Network, it’s all at your fingertips and available 24 hours a day via our on-line member forums.
Just go to https://www.speedbusinessnetworking.com and click on “Take Me to My Speed Business Network” at the top of the page to
Just go to https://www.speedbusinessnetworking.com and click on “Take Me to My Speed Business Network” at the top of the page to
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
oin today.
Then come and join us on the member forums and start taking advantage of structured business brainstorming to leverage your own skills, abilities and knowledge, or open your own private mastermind club and invite people you’d like to join. It’s that easy
Then come and join us on the member forums and start taking advantage of structured business brainstorming to leverage your own skills, abilities and knowledge, or open your own private mastermind club and invite people you’d like to join. It’s that easy
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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