317: Licensing or Franchising a Business? How a School Nurse Started a 6-Figure Side Hustle
The Side Hustle Show
Nick Loper
4.7 • 1.6K Ratings
🗓️ 10 January 2019
⏱️ 49 minutes
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| 0:00.0 | Side Hustle Show, 317, |
| 0:02.0 | 317, should you consider licensing or franchising a business? |
| 0:06.0 | Here's how a school nurse started a six-figure side hustle. |
| 0:12.0 | What's up, What's up Nick? |
| 0:13.5 | Loper here, welcome to the Side Hustle Show because ideas without action aren't |
| 0:18.4 | worth much. But sometimes you don't have to come up with the idea all yourself. |
| 0:22.8 | And that's the case with today's guest, Tamika Downs. |
| 0:26.6 | She's a school nurse by day, but was looking for ways to add income after hours and ended up licensing someone else's business idea. |
| 0:35.1 | Now stick with me here because Tamika's side hustle is a lice clinic. |
| 0:40.1 | It's an appointment only brick and mortar salon of sorts that helps parents and kids get rid of |
| 0:46.8 | lice. Not exactly the most glamorous niche in the world, right? But Tamika's clinic did six |
| 0:52.4 | figures in her first year all on the side from her day |
| 0:55.4 | job. Stay tuned in this episode to hear how she evaluated the risks and benefits of the licensing |
| 1:02.2 | opportunity, how she drives business, and how she |
| 1:05.8 | set this up to really limit her own hours. |
| 1:08.7 | After all, it's still a side hustle and just one of several Tamika has going on. She also co-hosts the House of F.I. |
| 1:17.2 | and she blogs at Reluctant Frugalist.com. |
| 1:20.1 | And she's got three kids. |
| 1:21.2 | Notes for this episode along with the full text summary and links to all the resources mentioned |
| 1:26.8 | are at side hustle nation.com slash Tamika. T I M I K A. Now whether you're ridding T-I-M-I-K-A. |
| 1:33.0 | Now whether you're reading clients of Lice for providing some other service, |
| 1:37.0 | you're going to need an easy and professional way to get paid |
... |
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