SubscribeMany who open a dollar store don’t realize the complexity of the business they are entering. They get in and things flow pretty smoothly. Now things have changed. The economy is slowing, which has also slowed sales. One the other hand, merchandise and transportation process are skyrocketing, which is pressuring already limited profit margins. For [...]
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Be Sure Your Dollar Store Business Has Operating Guidelines
If you are starting any type of new business it is important to invest the time to develop and then to document and communicate a comprehensive set of operating guidelines and procedures for that business. While there are many things happening as you work to prepare and then to open your business, this is an [...]
How to Handle Merchandise Shrinkage in Your Dollar Store Business
Merchandise shrinkage can be a huge problem for every retailer. That includes those who own and operate a dollar store business. Allowed to go unchecked this one issue can result in an operating loss for your business. Consider that your very survival may well depend on decisions that you make and actions you take in [...]
Dollar Store Business – Con Artist Theft at the Cash Register
There are a variety of methods that con artists can use in order to take money from cash registers in your dollar store business. These usually involve a variety of different forms of payment and depend on the particular circumstances. For example use of a stolen credit card, fraudulent check, or using multiple forms of [...]
What Does Your Set-up Project Plan Look Like?
Are you opening a dollar store? Then be sure that your start-up project plan is your master checklist for every step and action that will be taken to prepare and open your store. It also important to remember that none of these actions can be taken until a final lease has been signed, however.
As you [...]
Opening a Dollar Store – Turn Suppliers Into Your Warehouse
Those who are opening a dollar store are always looking for operational strategies that help to reduce the cash invested in the start-up and ongoing operation of their stores. An area of focus is often the merchandise inventory level that is maintained. One strategy for reducing the amount of inventory that is maintained when opening [...]
Dollar Store Business Tips – Keep Your Store Clean and Tidy!
One of the challenges that every retail store faces is keeping the store clean and fresh looking at all times. This is a particularly big issue for those who own and operate a dollar store business. Many customers seem to have the attitude that rather than taking the time to return items that have been [...]
Open a Dollar Store – Be Sure to Establish A Hierarchy of Needs!
What is a hierarchy of needs? Why is it important when you open a dollar store? What can it do for my business? All of these are great questions. Let’s get to some answers.
Hierarchy of needs is a methodology to adopt when you open a dollar store, or any other business for that matter. That [...]
Government Grants to Start a Business – 3 Must Know Grant Application Tips
photo credit: magerleagues
Looking at the current state of economy, starting a business seems impossible for all entrepreneurs out there. Entrepreneurs like you have the ideas, plans and beliefs but without any funding, these are all as good as nothing. Banks and financial institutions will definitely hold themselves back. Venture capitalists are not going to [...]
Government Grants to Start Small Business
photo credit: kimberlyfaye
You can get the assistance of the Government grants that are available in US. The entrepreneurs who have the plans to start up a business can ask for the Government grants. You will find some government agencies who work with the government bodies to supply funds so that a new business can [...]
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