5 Steps to Success When Opening a Dollar Store
Are you opening a dollar store? If so, there are truths about the dollar discount business that are even truer in these economic times.
They form the foundation leading to business success.
These truths lead down the path to business success.
They mean more sales and profits to your business.
Read them carefully.
Be sure they fit for you before taking another step down the path toward starting a dollar store.
Step #1 - You must have patience.
While some of those opening a dollar store may instantly achieve success, for most it is a building process.
You and your business must have the staying power to stick out the bad times when they occur.
You must become an expert.
It takes time to learn the dollar discount industry inside out.
As you learn you must apply your new found knowledge to your new business.
Over time your patience will be rewarded as sale levels grow and profits appear.
Step #2 - Know your competition.
The dollar discount business is very competitive.
Don't make the mistake of assuming you will be able to step in and instantly beat your competitors.
Look at each and every competitor.
What do they do well? What are their weaknesses? Then learn from the things they do well.
Do them even better.
Capitalize on their weaknesses by excelling in those areas as well.
Don't assume the competition is not continually improving.
It is your challenge to constantly examine what they are doing and how they are doing it.
Step #3 - Establish a customer service mentality throughout your business.
When starting a dollar store make your customer the focus of everything you do.
Always work to make today's shopping experience in your store better than the experience your shoppers had yesterday.
Create an environment shoppers want to return to.
Create an environment that motivates shoppers to stay a little longer each visit.
Customers will be happy.
You will also be happy as you watch your sales and profits climb ever upward.
Step #4 - Instill quality throughout your business.
This starts with the way you run your business.
Know the right steps to take and always take those steps.
Whether it is customer service, product ordering, dealing with employee issues, or anything else, there is a right way - make that your way.
Your reward will be every-growing sales and profits for your business.
Step #5 - Great employees mean a great business.
Hire the right employee for each position.
Don't make the mistake of getting in the habit of hiring employees you feel might be unable to successfully handle the job.
Look for the right match.
Always provide training and development opportunities.
Recognize and reward employees who do the right things right.
Provide coaching and guidance to the employees who make mistakes.
Create a work environment where employees feel challenged, recognized and valued.
To your success when opening a dollar store!
They form the foundation leading to business success.
These truths lead down the path to business success.
They mean more sales and profits to your business.
Read them carefully.
Be sure they fit for you before taking another step down the path toward starting a dollar store.
Step #1 - You must have patience.
While some of those opening a dollar store may instantly achieve success, for most it is a building process.
You and your business must have the staying power to stick out the bad times when they occur.
You must become an expert.
It takes time to learn the dollar discount industry inside out.
As you learn you must apply your new found knowledge to your new business.
Over time your patience will be rewarded as sale levels grow and profits appear.
Step #2 - Know your competition.
The dollar discount business is very competitive.
Don't make the mistake of assuming you will be able to step in and instantly beat your competitors.
Look at each and every competitor.
What do they do well? What are their weaknesses? Then learn from the things they do well.
Do them even better.
Capitalize on their weaknesses by excelling in those areas as well.
Don't assume the competition is not continually improving.
It is your challenge to constantly examine what they are doing and how they are doing it.
Step #3 - Establish a customer service mentality throughout your business.
When starting a dollar store make your customer the focus of everything you do.
Always work to make today's shopping experience in your store better than the experience your shoppers had yesterday.
Create an environment shoppers want to return to.
Create an environment that motivates shoppers to stay a little longer each visit.
Customers will be happy.
You will also be happy as you watch your sales and profits climb ever upward.
Step #4 - Instill quality throughout your business.
This starts with the way you run your business.
Know the right steps to take and always take those steps.
Whether it is customer service, product ordering, dealing with employee issues, or anything else, there is a right way - make that your way.
Your reward will be every-growing sales and profits for your business.
Step #5 - Great employees mean a great business.
Hire the right employee for each position.
Don't make the mistake of getting in the habit of hiring employees you feel might be unable to successfully handle the job.
Look for the right match.
Always provide training and development opportunities.
Recognize and reward employees who do the right things right.
Provide coaching and guidance to the employees who make mistakes.
Create a work environment where employees feel challenged, recognized and valued.
To your success when opening a dollar store!
