Don’t Run A Business – Licence Instead

For many people, the hassle and risk of running a business just isn’t for them. They have a great product or service idea but lack the skills or motivation to carry it forward. Rather than let the idea wither and die, there is a solution, one that leaves the production, marketing, research, sales, accounting and distribution headaches to someone else.

Licencing has grown in popularity in recent years. In the USA alone, it’s a $500 Billion industry. Many of the products you see on sale today have been developed by individuals and then licenced to major corporations in return for a royalty. Perhaps this type of arrangement could be something that would fit in with your plans.  For many, it’s the perfect solution

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