It’s the inventor’s dilemma – make the product yourself, or sell the idea?
There’s no easy right-or-wrong solution, and both methods can bring in cash. But it’s a decision best made early in the game, and requires an assessment of resources and and goals.
Maybe you’re prepared for the cost, time, and dedication it takes to build a business. But not everyone should throw her hat in the startup ring.
If you’re ready to evaluate the pros and cons of licensing vs. manufacturing, and need some advice, we’ve got your back: Listen to our Biz503 episode: Getting Your Invention to Market.
You’ll want to catch this episode on how to bootstrap. Listen to learn how all about licensing and manufacturing…and how make sure the process end in profit.
Rebecca Webb, Portland Radio Project founder, and Kedma Ough, SBDC director at Mount Hood Community College, cohost the panel.