For many who open a dollar store the months of November and December determine whether the year will go down as a year with a profit or a loss. While there are many marketing steps that can be taken throughout the year, being prepared for those two critical months of business is a key to [...]
Posts Tagged ‘Open A Dollar Store’
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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 [...]
Secrets Of Success To Starting Your Dollar Store Business!
November 15th, 2008 davidguide There are many variables that all come together in maximizing the level of success for those who are opening a dollar store. Product selection, customer service and store layout can all affect the results. However the single most important factor is the location of the store. Those who say ‘location, location, location’ when they are [...]
Tips Regarding Expenses When You Start a Dollar Store Business
November 8th, 2008 davidguide If you are about to start a dollar store business there are many costs to be expected. Your start-up costs will include all of the investment that is required to get your business up and running. Those costs can vary greatly and depend on the size of the store, the location, and even the preferences [...]
Create Powerful Change by Reformatting Your Dollar Store Business – Part 3
November 8th, 2008 davidguide Hard economic times are slowing the attempts of many retailers to make a profit. On one hand costs associated with owning and operating a store are edging ever higher. That’s especially true for the costs associated with merchandise buying and freight. On the other hand, buyers are making fewer trips to their favorite stores to [...]
Opening a Dollar Store – Establish a Store Footprint
November 8th, 2008 davidguide One of the early steps to take when opening a dollar store is to create a footprint of your store. In fact start the process of documenting the footprint of your store as soon as you sign your lease. You will be using that footprint from the moment you sign the lease and for as [...]
Opening A Dollar Store – Inventory Turns are Important
November 3rd, 2008 davidguide When opening a dollar store there are many indicators of success. They range from bottom line profit to undesired employee turnover. However one of the most important is inventory turns. What are inventory turns anyway? This is simply a measure of the number of times that the full cost of the store’s inventory is sold. [...]
Opening A Dollar Store – Tips for Creating a Vision Statement!
November 2nd, 2008 davidguide To many new business owners taking the time to define a vision statement is not a priority. However, when opening a dollar store, it is important to invest the time to develop a clear vision statement. The vision statement helps to cement the desired look of the business in the future for owners, management and [...]
Opening a Dollar Store – Inventory Management
November 2nd, 2008 davidguide One of the biggest challenges faced by those who are opening a dollar store is associated with inventory management. While sales may only be in the hundreds or low thousands on most days, that still means that an equal number (100’s to 1,000’s) of items have been sold and need to be recognized as no [...]
Start a Dollar Store – Success Depends on Holiday Sales
November 2nd, 2008 davidguide For many who start a dollar store the months of November and December will determine whether the year was profitable or not. While there are many important marketing steps that can be taken throughout the year, those two critical months are the key to success. Without adequate preparation and execution, many dollars in potential sales [...]
