Opening A Dollar Store - First Steps to Take

Bob Hamilton
 


Visitors: 136

There are so many things to do as a part of moving toward opening a dollar store. Without taking the right steps, your successful start-up will be much more challenging. If you have made the decision to open a dollar store be sure that you don’t forget these steps.

If you are opening a dollar store one of the first steps to take is to determine the size of store that you plan to open. That is important information for many reasons. Knowing the target size of your store will enable you to:

  • Establish funding requirements for the venture. Don’t forget that there is a need for operating capital to support payroll, rent and utilities payments, replenishment merchandise orders for the first 2-3 months (at least) and other costs of operating your business.

  • Establish initial inventory requirements. There may be some items that you will or will not be able to carry based on the size of the retail sales floor.

  • Establish support area requirements. A smaller retail space may require more backroom area as a percentage of the entire location size. A smaller retail sales floor will require a smaller number of cash registers. Each space needs to be defined and appropriate equipment needs to added to the list.

  • Establish preliminary staffing needs. A smaller retail sales area equates to a smaller staffing requirement.

    As with all new businesses those opening a dollar store are faced with many challenging tasks. Be sure that one of those preliminary tasks is identifying the target size of your location. Many questions can be answered as a result of establishing that target size early on in the process.

    To Your Dollar Store Success!

    Do you want to own your own Dollar Store? Visit http://www.openingadollarstore.com for more information. http://www.onlineauctionsmadesimple.net

  • (326)
    Tags:
    opening a dollar store

    Article Source:


     
    Rate this Article: 
     
    Opening a Dollar Store - Is the $1.00 Price-Point Right for Your Store?
    Rated 4 / 5
    based on 5 votes
    ArticleSlash

    Related Articles:

    Opening A Dollar Store - Tip on Steps to Take Before You Open!

    by: Bob Hamilton (March 14, 2007) 
    (Business)

    Steps to a Quickly Opening a Dollar Store Business Part II

    by: Bob Hamilton (June 25, 2008) 
    (Business/Strategic Planning)

    Steps to a Quickly Opening a Dollar Store Business Part I

    by: Bob Hamilton (June 21, 2008) 
    (Business/Strategic Planning)

    Opening A Dollar Store - Put Dollar Cost Averaging to Work

    by: Bob Hamilton (April 13, 2007) 
    (Business)

    Opening A Dollar Store - Why Open a Dollar Store?

    by: Bob Hamilton (April 19, 2007) 
    (Business)

    Opening A Dollar Store - What Is Dollar Cost Averaging?

    by: Bob Hamilton (April 13, 2007) 
    (Business)

    Opening a Dollar Store - Where to Find More Space in a Cramped Store

    by: Bob Hamilton (June 21, 2007) 
    (Business/Small Business)

    Opening A Dollar Store - How to Quickly Open Your Store

    by: Bob Hamilton (March 21, 2007) 
    (Business)

    Opening A Dollar Store - Bigger Store Advantages

    by: Bob Hamilton (April 11, 2007) 
    (Business)

    Opening a Dollar Store - Is the $1.00 Price-Point Right for Your Store?

    by: Bob Hamilton (June 21, 2007) 
    (Business/Small Business)