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The world around us is changing. Make that statement and most think about national or international events. Some might move a little closer to home and think about state or local events. Yet for those considering starting a dollar store the same is true. The world of dollar stores is ever-changing. Some of those changes have a major impact on everything from the size of a store to the format, and even the operation of the dollar store business. In this article I cover several bigger- might-be-better considerations for those considering a dollar store. • More store sales floor square footage If you are starting a dollar store you have certainly examined your options as far as store size is concerned. For most the final decision is made by how much they can afford. Yet that is not the best option in many cases. While adequate funding is important, it is also important to make the decision to move ahead with your dollar store business based on potential dollar store profits. Costs have grown, and the small, family operation of yesteryear has grown. Where a 1,000 square foot store might have done the trick, now even a 1,500 square foot store offers challenges. Do not get bigger if you do not have the funding. You may be better off to delay your startup until you are properly prepared. • Broaden the selection of items carried in your store Now is not the time to offer one-only options for your buyers. This is especially true for the core consumables and the complementary products your shoppers buy too. For example, where at a time you might have been able to offer a single option for liquid dish detergent, now it takes a broader selection to meet the demands of the bargain hunters who make purchases from you. While the formula changes from location to location, this is an important new rule for many. • Funding With more competition from seasoned expert chains and store owners, you cannot afford to assume you will somehow be able to succeed even if underfinanced. Understand the funding needed, and then locate that funding before you move forward to start a dollar store. • Stand out from the crowd When starting a dollar store begin by adding in the little things your major competitors cannot. The environment in your store can, and must stand above the crowd. The level of customer service can and should exceed that provided by all of the competition. It is these small, yet very important differences which combine to make your dollar store business stand out. • Quick, decisive operational management Starting a dollar store takes good planning and much more. While the big chains will take much time to make some changes, you are positioned to see the need, investigate, develop a plan, and then make the required changes first. Are you interested in starting a dollar store? Visit http://www.openingadollarstore.com and be ready to have your whole view of dollar stores changed forever.
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