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b'\\u201cIt\\u2019s a business with training wheels,\\u201d Timika told me.\\nTimika Downes is a school nurse by day but was looking for ways to add income after hours, and ended up licensing someone else\\u2019s business idea.\\nHer side hustle is a lice clinic; a brick-and-mortar facility that helps parents and kids get rid of lice.\\nNot the most glamorous niche in the world, but Timika\\u2019s clinic did 6-figures in her first year, all on the side from her day job, and it now runs with little time investment from her.\\nThe lice clinic is actually just one of several side hustles Timika has going on \\u2013 she also co-hosts the House of FI podcast, blogs at ReluctantFrugalist.com, and she has 3 kids.\\nHer story is an interesting one. It highlights the differences between licensing and franchising a business, and Timika explains how you can leverage the support of a licensing company to get a business off the ground quickly.\\nTune in to hear how Timika evaluated the risks and benefits of the licensing opportunity, how she drives business, and how she\\u2019s set this up to be a hands-off 6-figure business.\\nFull Show Notes: Licensing or Franchising a Business? How a School Nurse Started a 6-Figure Side Hustle\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'