UK entrepreneurs face risks with single revenue streams amidst economic fluctuations. To mitigate these risks, three effective strategies can help diversify income without overextending core business operations. First, monetizing existing intellectual property can generate repeat royalties with minimal overhead. Second, managing foreign-exchange trading as a treasury function can offer financial benefits. Finally, pivoting product lines to a subscription model can create steady income streams. These approaches can enhance competitive advantage and provide substantial additional revenue opportunities.
Most founders underestimate how valuable their blueprints, training methods and code snippets really are. Licensing those assets lets you earn repeat royalties without the overhead of production, distribution or large-scale customer support.
The UK remains a global magnet for innovative IP. British trademarks still carry prestige in North America and Asia, and post-Brexit bilateral licensing deals have simplified cross-border paperwork for many smaller firms.
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