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 [...]
Posts Tagged ‘Running a Dollar Store’
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Open a Dollar Store – Is Craigslist a Resource for Selling?
October 19th, 2009 
davidguide One of the challenges faced by entrepreneurs who open a dollar store or a discount store is inventory management. One of the inventory management nightmares is finding methods to quickly liquidate excess, slow selling and outdated items. One potential method for handling this headache is using Craigslist to sell off that inventory in volume quantities. [...]
Dollar Store Business – Con Artist Theft at the Cash Register
October 11th, 2009 davidguide 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 [...]
Opening A Dollar Store – It Is About Priority Setting
October 2nd, 2009 davidguide One of the biggest challenges that every small retailer who is opening a dollar store faces is having the time to complete the millions of little things that must be done each day. Many of the tasks include must-do items that are required just to keep the store(s) open and operating. Smaller retailers must remain [...]
Saving Pennies Can Mean Big Profits For Your Retail Store
October 1st, 2009 davidguide There are two primary methods for increasing bottom line results when you start a dollar store business. Sales can be increased. Costs can be decreased. Once of the best ways to reduce cost is to cost the costs associated with merchandise buying. In fact a well managed program that is focused on merchandise cost reduction [...]
Merchandise Losses Hurt When You Start A Dollar Store Business
September 29th, 2009 davidguide Merchandise shrinkage is a challenge for almost every retail store. Who would ever believe that a dollar store business could face the same challenge? After all, it’s only a dollar; right? Who would ever take a one dollar item? The answer is that there are those who will take what they want for their own [...]
How To Sell Wholesale Merchandise To Dollar Stores
November 18th, 2008 davidguide Dollar stores are great customers for wholesalers. They are usually located in high traffic locations which means that they have plenty of customers on a daily basis. A high number of customers translates into large volume sales for dollar stores that have the right selection of wholesale merchandise. This is what makes dollar stores idea [...]
Opening and Growing a Dollar Store Business Gets Harder
November 18th, 2008 davidguide One of the challenges that faces every dollar store business owner is finding the right merchandise. As costs escalate, less dollar price-point merchandise is readily available. Worse yet, most of the merchandise that is easily purchased offers tight, tight margins. Does this mean dollar stores are gone forever? What is a dollar store business owner [...]
Secrets to Cost Cutting For Your Dollar Store Business – Part 2
November 18th, 2008 davidguide Cost cutting has become a mandatory activity for many in the dollar store business. With costs going up and up, almost everything seems to be more expensive. Worse yet, the forecast is that things might even get worse! In part 1 of this series we examined ongoing expenses for possible reductions. In this article we [...]
Secrets to Cost-of-Goods-Sold Reduction For Your Dollar Store Business – Part 5
November 18th, 2008 davidguide 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 [...]
