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Be The Boss In Your Own Business

Almost everyone you know would say that running your own business and being self employed is the best thing that can ever happen. Then the one business people see as the easiest to start is a retail store and in particular a dollar store. Normally even relying on personal savings can be used to start this kind of business. It really looks like the ideal solution to the issues of job scarcity that is going on right now.

Obviously the biggest attraction here would be the fact that the owner is his own boss and gets to take home the lion’s share of the profits and may also choose to plow some of it back to grow the business. It’s all left to the imagination what the owner may do to boost the business.

Dollar stores being the best option to many are nowadays seen springing up in most places. They are the easiest to start with moderate capital layout required to make it work quite comfortably. The main aim is to make loads of cash.

If it is the dollar store for you, the next thing is to make a list of the items you need to stock. Go over this with a lot of keenness as you will not want to omit anything your customers would need. Again the type of stock will determine the kind of customers that get attracted to the store. This is the backbone factor for any such business. Here is how to do it.

There is what you call essentials that are the necessary grocery every home must stock up on so these will sell pretty fast. They consist of toiletries, soaps, and other cheap clothing.

It would be a big decision but you will have to add to the list of essentials by stocking some of the not very necessary but easy on the eye goods which when the customers see they find it difficult to resist.

The best thing is to go out and check what other shops around have. Another way is to do a small market research or survey by way of fliers to know what exactly they need.

With your list ready, the next move would be to go to the suppliers whom you have selected very carefully indeed as this is where another problem may lay. Get the ones with easy trade terms and affordable stuff. In a one dollar store, it is quite important to get the right prices and choice of goods.

Are You the Right Person to Open a Dollar Store?

Those in the business know it is absolutely fun and rewarding to open a dollar store. However, it takes a special person to excel. After all, there are long hours and the work can be very strenuous at times. And of course, there are many risks when you are in this business. These include major competitors with seemingly bottomless pockets to stand behind them, and difficulty locating the right products at the right prices to allow profits. Yet with good management, they continue to thrive and the owners are happy they chose this direction for their own business. Even today, many are examining this business opportunity. Many are choosing to start a dollar store of their own.

So, why are there so many opening dollar-store businesses now?

Limited barriers to entry
It is fairly easy to open a dollar store. There are no major barriers to getting started. For example, there are no formal education requirements. There are also no technical skills or training required to reach success. There is no need to relocate across the country to start your own business. This business is easy to operate with a little training and experience. Opening a dollar store can be completed quickly too. The only real barrier is gaining access to the cash required. Yet when compared to other businesses, even this amount is small.

You are the boss
For many it allows them to fulfill their dream of being their own boss. Finally, they can fire their boss and open a store of their own. No more being told what shift you will work and what work you will do; and all for someone else. Now the work you perform is for yourself. You are the decision maker for your own business. There is a special pride only known to those who own their own business.

Dollar store puts the fun back in business
Opening a dollar store is fun and exciting. The daily operation is challenging and yet rewarding. There’s new merchandise arriving all the time. There are customers to meet and help with their purchases. You will be able to see quickly the results of hard work.

There are challenges
While the barriers to entry are fairly limited for those opening a dollar store business, there is another side to the discussion. You need to address business challenges. You are the business manager and there are difficult business decisions to make. You will need to focus on the day-to-day operation of your business. There will be long hours and frustration as your family eagerly awaits a vacation that must be postponed because of business problems. Finally, as with all new business there are financial risk to be understood and resolved.

To your success when opening a dollar store!

Start a Dollar Store and Keep Customers Coming Back

Those who have the funds have no problems when they want to start a dollar store. In fact, with a huge amount of money, one can open several branches of dollar stores at once. The big question is will the dollar stores gather enough clients to keep them busy and to generate dollar store profits for the next years?

Just like all other businesses, dollar stores need customers. In order to keep them coming back, a great customer service routine is needed.

Why is customer service so important? It is because customers give the business a reason to exist. Without customers, the dollar store will have no sales. Without sales there will be no dollar store profits. And without profits, there will be no means to continue the operation of the business.

So, in order to keep the customers coming back and let the business get going for a long time, here are some pointers to remember when interacting with the customer:

o Greet like you mean it
At all times, instruct the store crew to greet the customers. It doesn’t matter what the employee is doing, they are never too busy to stop and greet shoppers. The point is that they are inside the store for a reason and their presence deserves to be acknowledged. Also, greeting the customers is the same as saying that they are ready to assist them in their needs.

o Courtesy is the key
Addressing the customer in a polite manner is important. Many stores commit the mistake of addressing the customers impolitely because they judge them by the way they look or dress. This is a big NO-NO. Never commit the mistake of judging the people who enter the store.

o Cleanliness means no mess
Having clean store premises gives credibility to the store and to the crew. A clean store sends a message that the services and products that are offered are likewise clean and safe for consumption. However, cleanliness does not only apply to the premises. The crew must make a good appearance. Their attire or uniforms must be spotless and their appearance must be pleasant.

o Attentiveness is part of the business when you start a dollar store
This applies when a customer approaches and asks for something. As a store crew/assistant, the duty is to entertain the query of the customer in a fast and polite manner. If the customer asks the price of an item or about another item, promptly provide an answer. However, if the customer asks for something not found in the store, politely recommend alternative products or even competitors where the item might be found. Remember; while your answer might not mean a sale today, over the long term great customer service means more sales and with that come dollar store profits.

To your success when you start a dollar store!