This is the final installment of a 5 part series of articles that focus on reducing the costs associated with purchasing replenishment merchandise for your dollar store business. While it is the most risky, this opportunity can provide huge dividends when it comes to cost of goods for your business. Be sure you work with [...]
Archive for November, 2008
Secrets to Cost-of-Goods-Sold Reduction For Your Dollar Store Business – Part 5
November 18th, 2008 
davidguide 
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Secrets to Cost-of-Goods-Sold Reduction For Your Dollar Store Business – Part 1
November 18th, 2008 davidguide This is installment 1 of a 5 part series of articles that focus on reducing the costs associated with replenishment merchandise purchases for your dollar store business. There are many cost cutting actions that can be taken. In this series of articles we will focus on five that can have quick impact on the cost [...]
Cost Management After Opening Your Dollar Store Business
November 18th, 2008 davidguide One of the biggest problems currently being faced by those who own a dollar store business is how to deal with ever increasing fuel prices. Those prices are driving double digit increases in freight costs for some store owners. The reaction is to feel that there is nothing left to do but become a victim [...]
Open A Dollar Store – How to Reduced Cost of Goods Sold
November 18th, 2008 davidguide When you open a dollar store one of the ongoing challenges becomes continually reducing the costs associated with the business. One of the biggest impacts to overall profit comes from reducing the cost of goods sold. Even a 1¢ reduction across all of the items that are purchased during a year can amount to thousands [...]
Opening Your Dollar Store – Watch Out for Business Changes!
November 18th, 2008 davidguide It is quite easy for those who are very close to a business to lose sight of changes that are occurring in that business. This can happen to the best of owners and managers. Yet there are steps that can be taken after opening your dollar store that will help reduce the risks associated with [...]
Opening A Dollar Store – Reduce Cost-Of-Good-Sold
November 18th, 2008 davidguide Are you an entrepreneur who is opening a dollar store? Then never lose sight of the importance of cost reduction to the success of your business. Cost reduction should take place from the day you start your planning. One of the most important areas for focus is the Cost-Of-Goods-Sold. Cost-of-Goods-Sold which includes product, freight, shortages, [...]
Opening a Dollar Store – Why Promote Your Store
November 18th, 2008 davidguide When opening a dollar store entrepreneurs are often overwhelmed by the large amount of traffic that appears as soon as the store opens for business. Those same entrepreneurs often become complacent and assume that since sales start so strong they will just continue to grow without effort being placed on marketing the business. Soon however [...]
Success Strategies For Your Dollar Store Business
November 18th, 2008 davidguide We’ve all heard that location, location, location is the critical factor when you start your dollar store business. There is a list of critical ingredients that define the perfect location. For many that list includes the requirement that there be a major retailer as the anchor. Yet with changing economic times, what was once the [...]
Dollar Store For Sale?
November 18th, 2008 davidguide How much do they cost? A good dollar store can be purchased for as little as $35,000. If you are looking for a franchise business then the cost could be much higher. Franchises can cost anywhere from $100,000 to $300,000 depending on the area & local population. How can I find a good one? There [...]
Start With Financials When Buying an Existing Dollar Store Business
November 18th, 2008 davidguide If you are considering opening a dollar store one of the thoughts that may be going through your mind is to buy an existing store and just reopen under your business name. While this can save much time and trouble the old adage warning that the buyer should beware comes to mind. Be sure that [...]
