LEHI, Utah (PRWEB) May 22, 2020
In just six months, Brennan Tolman & Nik Krohn took their company from being completely out of cash to worth over $4 Million through licensing.
Licensing, also known as Franchise-Lite is one of the best ways to expand a company quickly across the nation and make it far more profitable. After spending years building their wedding company Tolman Media, Brennan & Nik had developed an airtight system to book weddings then assign them to contractors at the benefit of the bride. Tolman Media shot over 2% of all weddings in Utah in 2019, and Brennan & Nik were looking to expand their reach into all 50 states. However they had no desire to work in a big office space with 30+ employees (which national expansion would have required).
They decided instead to try to license out their business systems they had built to other entrepreneurs, allowing them to use all the softwares, tools, and sales systems they had invented to open up different states around the nation. At first the entrepreneurs buying the license were skeptical, but within just one month they questioned the power of the Tolman Media system no more.
Six months later, all US territories were sold out to over 68 entrepreneurs who wanted in. Each of their territories were already profitable, booking 2-4 weddings per month. Brennan & Nik had successfully created a system in which everyone wins: Licensee, Their Managers, Their Photographers & Videographers & of course the brides who were all able to receive this amazing service across the nation.
Now, Brennan & Nik have teamed up again to create an online course called The Licensing Lifestyle. This course will teach entrepreneurs how to take their business to the next level through licensing.