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Business Strategy: How do I license out a product?
JB
JB
Joy Broto Nath , Global Corporate Trainer & Strategist answered:

With licensing, you can sign your idea over to another company and let them do all the work. You can still be competitive in the marketplace if you just have an idea that’s slightly different than others out there. You just need a good idea that gives people a small improvement over an existing idea. It can give you a little bit of room to make changes and really flesh out your idea before filing an official patent application. Before getting into the process of licensing, you need to really decide what it is you want, what you think you can get, and research all the different factors that go into the licensing process.
You can read more here: https://smallbiztrends.com/2016/02/licensing-your-product-service.html
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath

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