Wiki Articles - Home Based Business

Getting business

Put the word out, tell all the parents you know about your business. Price your hire to allow for a discount to anyone who passes business to you by telling a friend, or otherwise reward these people in some way. Adv

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

ertise in the local newspaper, get in the Yellow Pages, and get some business cards and leaflets made up. Be aware of where you will do your business. Most hires will take place in back gardens, community centres or halls. However, you may f

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

Examples of combination products may in

ind bookings taking place at nurseries, playgroups, pubs, hotels, clubs, shopping centres, fetes, car boot fairs, shows, charity events, football clubs, barbeques, beach parties, wedding receptions, balls and open days. It's therefore a good

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

idea to make yourself known to key establishments in your area, so that if anyone suggests these places as venues for a bouncy castle, the venue will be able to suggest your business as the supplier of the castle.

When you arrive at the boo

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

king, be aware that there will be parents there -- potential customers -- so make sure you take advantage of the marketing opportunity. Have your business cards and or leaflets to hand and don't be shy about handing them out. Everyone's chil

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

Combination pro

has a birthday every year, and as all children know, bouncy castles are a riot - so feel free to suggest to parents that they give you a call around the time of their child's birthday.

How to deal with enquiries

Be ready to give en

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

quirers your pricing information, the exact dimensions in height, depth and width (feet and meters) of the bouncy castle, what age groups can use it, and how many at once. Tell the customer that there is a bouncy castle rain-cover included i

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

n the price. Make sure you take details of the date of the party, the venue, and the age groups of the people using the castle. Then you can suggest a size to fit the requirements. Remember that most of the time you'll be suggesting a 12ft x

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

12ft bouncy castle.

Explain to the customer the arrangement for delivery, setting up the bouncy castle, collection -- all of which will be your responsibility. It's a good idea to arrange to call the night before delivery just to con

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

firm the delivery time. This is all pretty much common sense, but when you start out you're bound to be a little nervous, so you may forget to ask for, or give, crucial information crucial bouncy castle information.

Safety issues

Ne

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

dless to say this must be your paramount consideration. Give your customers the bouncy castle safety information sheet and make sure that you also explain its content. Many parents may be too busy to read it.

See the

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

Following aspects would a

href="http://www.biha.org.uk">British Inflatable Hirers Association (BIHA) website for a specimen bouncy castle safety information sheet, details of the legal requirements and codes of practice pertinent to the hire of a bouncy castle.

dd to the challenges in developing combination products:

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

It is your responsibility to make yourself aware of your legal obligations -- which will of course apply to you whether you are aware of them or not.

Keeping records

Since you are running a business, you'll need to keep a record of

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

ll your bouncy castle income receipts and payment. All expenses which are incurred in connection with the business (advertising, printing, fuel, telephone calls, etc) are deductible for tax purposes, and you'll only pay tax on the money you

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

make after deduction of your expenses. When your bouncy castle business is small you may be able to do your own tax return, but once you expand you may decide that you need the services of an accountant. You can get one to do your tax

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

return for a small sum. It's a simple process for accountants, just make sure that you give them details of all your receipts and expenses for your tax year.

Expanding your business

If everything goes to plan, within a few short mon

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

Professional from academic institutions, pharmaceutical industries, health care indust

ths you will be turning away business since you won't have enough castles for customers! At this point you will need to decide whether you wish to expand. Of course you don't have to expand, but if you wish to then consider going for variety

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

: different types, shapes, colours of bouncy castle and inflatable -- and don't forget accessories, like slides for castles. Once you have a slide, make sure you offer this to enquirers as a 'popular extra -- that kids just love!' Bouncy bal

.

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

ponds are another popular extra; these are enclosed small bouncy castles where you put roughly 1000 multi-coloured balls and are ideal for young children.

Membership of British Inflatable Hirers Association

I strongly recommend that

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

Companies that provide selfless information through particip

you join this organization. Visit the website and see the benefits of membership. You can also obtain further information and help with starting up your business, including a free guide to new members on making the most out of your bookings

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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