4 Important Uses For End Cap Displays of Your Dollar Store Merchandise

Have you ever imagined what it would be like to own a busy dollar store? If you are about to start a dollar store one of the keys to achieving ever-growing profits is the sales generated from the end cap displays in your store. It takes a combination of aggressive merchandising, proper merchandise selection and focused attention on maintenance to achieve sales that even approach their potential. But when everything comes together the sales can be quite impressive. For more on this important topic read on. In this article I present 4 important uses for the displays in your store. We focus specifically on the types of merchandise to always display first.

Use #1 – Display the newest and hottest merchandise

End caps are the perfect location to introduce your shoppers to the latest, hot selling items that arrive at your store. Since it provide better exposure for these items, watch as your sales and profits climb when you bring the latest hot-seller into your store for the first time. When you start a dollar store just be sure to bring in adequate quantities to completely fill and replenish the displays. A fully stocked end cap will outsell a partially filled display every time.

Use #2 – Display seasonal merchandise

Shoppers are often looking for items as each new season approaches. Use your end caps as a means of communicating the arrival of the items they seek. Dollar store merchandise to display includes spring, summer, fall, autumn and winter time arrivals, back to school merchandise, and more. Not only will a properly stocked end caps help maximize sales of these items, but they will also create additional sales as shoppers look for other related items in your store.

Use #3 – Display holiday items

Watch your holiday merchandise sales sizzle when you start a dollar store. Always fill end caps with the new arrivals for each holiday of the year. Properly stocked and promoted end caps can lead the way to record sales levels and profits for your store year after year. Flex the number of displays filled with holiday merchandise by the total sales generated during that holiday. For example Christmas usage should be significantly greater than the number used to display Mother’s Day or Father’s Day merchandise.

Use #4 – Display special one-time purchases

When you start a dollar store you will soon discover that your shoppers are eager to find new items in your store during each and every visit. As a result you must always be on the lookout for great bargains. Use your end caps to displays these unbelievable bargains and watch the excitement. Your sales and profits will continue to climb as shoppers return more frequently in the hope of locating one more item that is not normally sold by dollar stores.

End cap displays do require extra attention. Given the huge volume of sales, they must be straightened frequently throughout the day. Make sure there are attention-grabbing signs posted on all displays. Never allow them to run low on merchandise. Then watch your profits climb.

To your success when you start a dollar store!

A Partially Empty Sales Floor Costs You Dollar Store Sales

It is a real challenge to keep the sales floor of a busy dollar store business fully stocked and organized. After all the huge number of dollar store sales combined with the need to continually restock and straighten merchandise is a challenging combination indeed. Yet those who know how to start a dollar store recognize the importance of doing just that cannot be understated. The biggest consequence of failing to do so is lost sales. As you are about to discover those lost sales come from many different sources. Read on as I present a partially empty sales floor costs you dollar store sales.

Empty space on the sales floor means lost dollar store sales

Those who know how to start a dollar store recognize the most obvious of reasons for lost sales; it is the loss of sales in that specific, empty space. Never allow space to sit empty on your sales floor. Always immediately fill in with newly arriving replenishment merchandise, back stock items, or by spreading merchandise that is already on display.

Empty space on the sales floor motivates shoppers to jump ahead

As shoppers are slowly moving down an aisle examining everything available in your store, they will quickly skip ahead when they find empty display space. Not only do they frequently skip the blank space, but also sales area before and after that blank space. The result is lost sales! Keep your aisles properly filled to maximize sales per square foot of display space.

Empty space on the sales floor causes shoppers to ignore entire aisles

If shoppers see large areas that sit empty, or possibly multiple areas in an aisle without any merchandise at all they will often skip that aisle completely. When this happens you are losing not only the sales from the empty space, but also sales from all other products displayed in that aisle.

Empty space on the sales floor can lead to questions about you closing

If too much empty space is allowed to appear in your store the logical question from shoppers, employees and vendors will be about how long you are planning to remain in business. The consequences can be devastating to a business. Lost customers, tightening vendor terms, and employee unrest are all on the list.

Empty space on the sales floor can motivate shoppers to turn and leave

Those who know how to start a dollar store recognize there is a fine line regarding the amount of empty space shoppers will accept. When that line is crossed your shoppers will not hesitate even a moment before they turn around and leave. They will then go to a competitor’s store where they will stay if the right merchandise in the right quantities is available to them.

To your success as you discover how to start a dollar store!

How a CPA Can Help With Business Cash Management

If you are the owner of a business, you may be concerned about the management of your business assets. Needless to say, cash and funds are among the vital assets, which if not managed properly, can affect the financial stability of the business.

Business cash management is a set of many processes like receiving funds, controlling the cash, disbursing and investing, and so on.

A Certified Public Accountant (CPA) is the professional helping hand to help you with efficient business cash management. You can expect every account to be accurate and witness an increase in your business earnings by hiring the services of a CPA.

Learn from the following discussion about the role of a CPA in business cash management:

Analysis of Existing Financial Situation

A CPA begins his work by analyzing the current financial situation of the business. For this, he will use the financial statements and budget information to establish information about total debt to equity ratio, net profit on sales, inventory turnovers, current inventory and existing liabilities. This further enables him to assess the current cash management policies of your business and changes that are required to be introduced.

Cash Forecasting

Cash forecasting is an important procedure that every business should carry out. This involves the evaluation of daily, monthly, annual, as well as seasonal cash patterns and trends. Short term forecasts are as important as medium term and long term forecasts. A CPA helps you with precise cash forecasting by using the best software tools available in the industry.

Improvement in Budget

Preparing a good business budget is highly critical for cash management. You may have a budget plan in hand, but it might not be effective enough to take care of things like cash flow management, cash outflow control, cash investment, and so on. A CPA uses his industry experience to improve the budget of your company.

Cash Flow Anticipation and Enhancement

A CPA analyzes the cash flow sources for your business operations. He makes sure that your business never runs out of cash by assisting in cash flow enhancement. The CPA you hire will also help you maintain the balance between cash inflow and outflow so that you always have enough cash for emergency situations.

Cash flow enhancement includes improvement in billing and collection procedures and schedules. Preparation of right discount policies is also important to let the business maintain good relations with its customers without letting the cash flow ebb.

Control on Cash Disbursement

A CPA prepares different plans to ensure that the cash is disbursed in an efficient manner and no cash loss occurs in the process. This involves controlling the cash outflow by scheduling the business payments in the best possible manner. For example, a CPA helps you to schedule the time and amount for your debt payments so that your business budget is not affected by it. This also helps you maintain a good reputation for your business in the market.

The CPA also helps in evaluating the purchasing policies of the business. It is important that you have the most cost-effective purchasing policies for your business. It requires you to deal with the vendors that have the most favorable terms to offer supplies at the right prices to your business. All this can be done by implementing the expertise and suggestions of a CPA.

Making Right Cash Investments

An important aspect of cash management that is often ignored by the business houses is investing the cash which is currently not in use. You must choose the right investment vehicles to ensure that your cash grows and helps your business maintain a steady cash flow.

At the same time, you must be aware of the tax consequences of business cash investments. A CPA helps the business by suggesting the most suitable investment plans that lets your business dollars expand. The CPA also helps manage tax consequences so that your business has to face minimum tax liabilities.

Financial Reporting

Preparation of regular financial reports and an annual financial report at the end of every financial year helps a business learn about its profits and losses on a short-term and long-term basis. A CPA hired to take care of cash management shoulders the responsibility of preparing precise financial reports. You can expect your business cash handling to become efficient with the help of accurate financial reporting.

As you can see, a CPA offers great help to a business owner to help the latter manage business cash. An effective cash management system can be established and integrated with the business machinery so that the most important business asset offers best advantages to your company. For all this to happen, make sure that you hire a reputed and expert CPA. Consider the recommendations of other business owners to explore your options.