Actual - Real Estate

Home staging is a term that is very familiar to real estate professionals but not so with many home sellers. By definition, home staging involves

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

the homeowner taking steps necessary to make certain that the inside of their home is ready to receive buyers. In other words, your home will be

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

Examples of combination products may in

shown to buyers with its best foot forward. Read on and we’ll take a look at some ways you can win the home staging game and get more money for y

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

ur house.

Preparing your home for a sale goes beyond curb appeal. Yes, a well manicured lawn and a freshly painted exterior are very important.

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

hances are a shabby exterior will do more to repel potential buyers than anything. Yet, when buyers enter your home will they be enticed to enter

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

Combination pro

or will they want to turn heel and leave? In reality, you have less than thirty seconds to make a positive impression for visitors therefore home

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

staging plays a significant role in helping you obtain the desired effect.

The following are some tips to help you properly stage your home:

R

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

move Excess Furniture – Clutter detracts while rooms that have the right amount of furniture in them are much more appealing to buyers. Take that

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

extra chair and stick it in the garage or shed or remove that bulky coffee table out of the way. Fewer pieces of furniture will make each room se

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

m larger.

Fix Squeaks and Rattles – Oil door hinges and make certain that windows open properly. A little WD-40 can go a long way toward helping

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

resolve that sticky window problem or help remove an annoying door squeak.

Bring out the Paint – No, you may not have to do extensive repainting

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

Following aspects would a

, but some touching up on your part could be in order. In the kitchen, pay extra attention to anything that could use a little bit of elbow greas

dd to the challenges in developing combination products:

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

.

Say it with Flowers – Nothing brightens a dreary room better than one containing potted flowers. Place them around the home and you can expect

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

that visitor’s will not be overwhelmed by the dark trim or the inability of outside light to penetrate a second story room.

Sensory Pleasures –

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

esides adding flower for visual appeal, you should honestly assess each room for odd odors. Princess may love the den, but her odors could repel

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

ny buyer. Consider having your pet stay with a friend or neighbor when visitors stop by; add in timed scent releasers to various rooms to offset

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

Professional from academic institutions, pharmaceutical industries, health care indust

mustiness, etc. Consider baking cookies or brownies before visitors stop in to give the house a true “homey” feeling.

Yes, home staging is an ar

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

that some home sellers have not mastered. Chances are you can do most of the steps outlined yourself, however if you find that you still cannot

.

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

et your home “just right” ask your realtor to refer to you a home staging expert who can lend you a hand. Even with home staging fees added in yo

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

Companies that provide selfless information through particip

could reap a sale price well beyond what you had anticipated all because you make a little extra effort to properly prepare your home for a sale

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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I continue to be amazed at the amount of misinformation and the number of myths that exist about strategic thinking and planning. During my entire career, I have heard business owners, senior executives and not-for-profit board members and executive directors utter “mythical” statements about strategic thinking and planning. And I have observed that these same people truly believe that these myths are reality. My purpose in writing this article is to share what I believe are the 5 biggest myths and also provide some insights into what I believe are the 5 biggest “realities” of strategic thinking and planning.

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