Are you considering opening a dollar store? If so, never discount the demands that are associated with having a business that operates during retail hours. As with almost all retail businesses long hours and varied hours, including evenings and weekends will be required of the independent owner-operator. In fact retail stores are typically open 10-12 [...]
Posts Tagged ‘Open A Dollar Store’
Posted in 
Tags: 
Open a Dollar Store – Is Your Store in Trouble?
January 9th, 2010 
davidguide Many 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 [...]
Opening A Dollar Store – Why Open a Dollar Store?
November 21st, 2009 davidguide Opening a dollar store can be a fun and rewarding experience. Sure there are lots of long hours and there is hard work, but what new business doesn’t have that? Sure there are many risks including competition from other bigger companies. Sure the margins are tight and strong management is required for success. Yet many [...]
Opening A Dollar Store – Business Management can be Demanding
October 25th, 2009 davidguide Are you opening a dollar store? Your business will be different and unique from all others. Running that business will be both challenging and rewarding. Successfully managing that unique business will require a unique set of leadership and management skills. Are you prepared for the challenge? If not, prepare before you start! Do you have [...]
Opening A Dollar Store – Examine the Books Before Purchasing an Existing Store
October 13th, 2009 davidguide The financial records of an existing store can tell you more about that store’s history than any other piece of information. If you are considering acquiring an existing store your means of opening a dollar store don’t discount the importance of seeing those financial records. They can unlock good news and bad news about the [...]
Opening a Dollar Store – Turn Suppliers Into Your Warehouse
October 5th, 2009 davidguide 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 [...]
Reformatting Your Dollar Store Business Into Discount Retailer – Part 2
October 4th, 2009 davidguide It seems like the costs associated with owning and operating a retails business are becoming almost uncontrollable. Everywhere you turn there are increases in the amount paid. Everything from store utility expenses to the cost of freight continue to increase. Most retailers have the option to pass these increases on to their customers. This strategy [...]
Dollar Store Business Tips – Keep Your Store Clean and Tidy!
October 2nd, 2009 davidguide 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 [...]
Start a Dollar Store – Success Means Capitalizing on the Holidays!
October 1st, 2009 davidguide Successful retailing requires that efforts be put into capitalizing on all major holidays. To best meet the needs of customers, there is considerable advanced planning, buying, merchandise handling, and advertising. All of these combine to create the best opportunity for those who start a dollar store to achieve success. In this article we will examine [...]
Open A Dollar Store – Tips For Success!
September 28th, 2009 davidguide When you open a dollar store there are many ingredients that help to lead to success. The impact of the store owner and/or manager is one of those ingredients. In fact, every store owner and manager leaves a clear mark on the store that he/she is responsible for managing. It is often found through the [...]
