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