David Dolitsky Articles
Paying Royalties might be the best money spent in your Business - Click To Read Article
I recently had a conversation with a Franchisee who owns several Hair Cutting Franchise locations. One of the things he emphasized on is that royalties are the best money he spent in his business. He specifically said that every time he needs help or a question answered, all he has to do is pick up the phone, and call the Franchise and he receives an instant answer. He attributes that to his success.
Which Industries hold most promise in 2009 - Click To Read Article
The January issue of Entrepreneur Magazine is out on the news stands and for those who have never read the magazine, January issue is dedicated to the Franchise industry. In this issue, there is an article (see link on my web site under News and Articles) that talks about the Magazine's predictions for Franchise Industries that hold the most promise for growth and stability in 2009. Interestingly enough, I wrote a blog about the very same topic in October of 08 (See blog titled: "Businesses that are still making money in this economy"). Almost every industry that is mention in my blog is mentioned in the Magazine's article. Now I am not saying that I am the smartest man alive, but it is comforting to know that the experts agree with my views and that I am on the right track. There have also been plenty of talk about how Franchise ow
This is the best time to invest in yourself and buy a business - Click To Read Article
Every day we all wake up to more negative news about the economy and the state of the financial market. We turn on the news to listen to the so called experts telling us what to do with our investments. Here is a thought that I would like everyone to consider " Invest in yourself by buying a business". I am not talking about just any business, but more specifically a Franchise business.
New Opportunity from a Seasoned Industry - Click To Read Article
The most popular Franchises out there are Food Service businesses. From fast food, casual dining to upscale restaurants, most people looking for a business will almost always look at Food. Now food is a tough business (take it from someone who has been in the business). Long hours, high employee turnover, recession, competition are some of the factors that make the Food business tough, and are some of the factors why Food industry has a high rate of failure. Having said all that, I want to introduce you to a company that does not deal with most of these problems, and is in an Industry that is virtually recession proof and provides a service that every family in the United States and really the world needs and uses.
Make a fortune buying under performing businesses. - Click To Read Article
The fundamental principle of investing is to buy low and sell high. Every investor seeks to achieve this principle, regardless of what they invest in. Whether you trade stocks, bonds, gold or real estate, everyone seeks to find the diamond in the ruff or “The Bargain”. If you’ve ever read my blogs, or spoken to me on the phone, you know that I look at business ownership as an investment, and just like all the other investments, there are “Bargains” here as well and you could make a fortune buying under performing businesses as long as you know what to look for.
How to overcome the fear of owning a business? - Click To Read Article
It’s a mixed feeling - both scary and exciting to own a business, especially when you are a first time business owner. The fear of failing can be overwhelming and in most cases prevents an individual from buying a business. However two things can help you overcome the fear and they are knowledge and self confidence. Sounds simple? It is simple. By the time you finish reading this article, you will know how to obtain the right information, ask the right questions, and how to think like an entrepreneur. All these actions will give you the self confidence you need to become a business owner.
Franchise Opportunities many don't know about. - Click To Read Article
One of the most common question I am always asked is "What's Hottest business out there?" The reason people ask that, is because everybody wants to be on board when the next "Best Thing" comes out. Today, I am going to tell you how to be the first to bring the "Next Best Thing" to your area, your city or your country. There are two opportunities available with Franchises that most people do not know about: Master Franchisee and Area Developers.
Businesses that are still making money in this economy - Click To Read Article
What does it mean when I tell people that a business is recession resistant? Let's look at this phrase more closely. To me the definition of a recession resistant business is a business that continues to thrive, grow, and make money in any economic condition. In my Economics class I studied NEEDS AND WANTS.
Buying Existing business vs Start Ups - Click To Read Article
As we begin the New Year, more people are looking to get into a business for themselves. I think it’s very important to understand the major differences between buying an existing business or starting from scratch. There are pro's and con's on both sides, and I want to emphasize on major differences to buyers and break down the process in hopes that buyers and sellers can make an educated decisions.
As the Banks are tightening lending, Seller financing may be a great option to finance a business acquisition. - Click To Read Article
Since the start of the financial crisis last year, banks have stopped extending credit for virtually any loans including SBA type loans. It is very difficult for business buyers to get approved for financing, even buyers who have excellent credit, money down and collateral, which are the three major requirements. Of course this environment won’t last, but in the mean time there is a solution for both buyers and sellers and that is Seller Financing.
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