Trying to work out best way forward?

Discussion in 'Starting & Running a Business' started by muddywaters, 17th Feb, 2016.

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  1. muddywaters

    muddywaters New Member

    Joined:
    17th Feb, 2016
    Posts:
    1
    Location:
    Australia
    Hi everyone. We have developed a 100% method to beat the lick a stick test the police do, it uses an enzyme found in the food industry and is legal, readily available and dirt cheap to produce.

    Our problem is what to do with the product? Do we sell the recipe, or do we license the product to people and ask for a royalty on each sale? We have serious expressions of interest in it, want to set myself up with this and wondering if I should keep control or sell. Kind Regards
     
    muddywaters, 17th Feb, 2016
    #1