What are the Benefits of Royalties for Entrepreneurs?
Royalties offer several benefits for entrepreneurs:
Flexible Income: Provides a steady income stream without the need for significant upfront capital. Risk Mitigation: Allows entrepreneurs to share the risk with the licensee. Market Expansion: Enables the entrepreneur to expand their market reach through strategic partnerships. Focus on Core Competencies: Entrepreneurs can focus on their core competencies while the licensee handles commercialization.