What would be involved in setting up my own neutraceutical company?

in Forum: Selecting a Business for Yourself

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Oct. 10 2008 at 11:02 AM
Posted by: Patterson “Quote Reply
Neutraceutical companies have been showing profits inspite of other companies having to downsize or even close down in today's crashing economy. What would be involved in setting up my own neutraceutical company?
Oct. 11 2008 at 4:28 PM
Posted by: CraigL “Quote Reply
I wonder if you mean "nutraceutical?" Craig Landes --- Defining the undefinable. "There are 10 kinds of people in the world---those who understand binary numbers and those who don't." - Unknown International Society of Curmudgeons
Oct. 12 2008 at 6:52 AM
Posted by: tgroup “Quote Reply
Hey Patterson- I've got lots of experience in that industry-if you have any specific questions I'd be happy to answer them if I can. It's not that much different from starting and running any other type of company except that health and safety are real big issues as well as compliance with FDA labeling requirements. Ron Turner Group Marketing (www.tgroupmarketing.com). Experts in assisting small enterprises in successfully introducing their products to the mass market.
Oct. 23 2008 at 3:51 AM
Posted by: Stanley “Quote Reply
Nutraceuticals is a good busines to venture in at a time like this. But while the profits are enormous, it's not easy to make a niche for yourself in this industry unless you are fully aware and an insider in the nutraceutical industry for a number of years watching trends come and go, knowing what will and will not work. If you are new to this field but serious about starting this venture, please visit a contract manufacturer who can help you formulate your line of health products, provide you information on the latest research on nutraceuticals and what kind of products that the market is open to. After doing this, please sit and consult with business advisors who can help you through legal matters and provide you financial analysis and projections for your venture. Because this industry is new to you, you may need to rely on a reputed contract manufacturer.
Nov. 11 2008 at 2:04 AM
Posted by: Richard107 “Quote Reply
Idea, Value and Dream. Edited by: Richard107 - Nov. 11 2008 at 2:09 AMRichard_zhou~ Nothing is impossible!~ Global online B2B marketplace.
Nov. 16 2008 at 3:14 PM
Posted by: Jynell “Quote Reply
You will want to determine exactly what sort of business you elect to establish and then incorporate it legally accordingly. As an attorney, this is one of the most critically important steps in starting a business, as well as establishing and securing the initial funding. My business partner and I have released a 60 page FREE step-by-step guide as to how to start, grow and operate a business in today's web 2.0 world. Such guide has been recommended by more than a dozen government agencies. You may want to check it out for helpful information.
Nov. 16 2008 at 10:11 PM
Posted by: zlchamp “Quote Reply
You should become aware of the FDA regulations on health claims for nutraceuticals. There are a few important factors you should research: manufacturing, distribution and marketing. It is relatively easy to find a manufacturer for a private label product (putting your label on an existing formula). It will take a bit more work and expense if you are creating a new formula; ie., finding a scientist and lab. Don't let Marketing a nutraceutical according to FDA regulations scare you. According to the 1994 Dietary Supplement Health and Education Act. Dietary supplements can make "structure/function" claims, such as "Vitamin A promotes good vision" or "St. Johns Wort maintains emotional well-being," so long as the label bears a disclaimer that the claim has not been evaluated by the FDA and that the product is not intended to diagnose, treat, cure or prevent disease. Until recently, dietary supplements could not make overt health claims (e.g., "Vitamin A prevents, cures or treats poor vision" or that "St. Johns Wort cures or treats depression") unless the FDA specifically permitted such a claim (as it has in the case of folic acid and the prevention of neural tube defects in babies). This is actually changing... There are signs the FDA is loosening up these regulations on a case by case basis so be sure to consult an attorney. Best Wishes, Steve Steve Little ThePerfectBizFinder http://theperfectbizfinder.com I'm standing for all that is possible for you in life and business.