How Do You Open A Dollar Store Business?
One type of retail business that continues to grow in any economic climate is the dollar store. With every item in the store costing no more than $1, these interesting stores offer everything from seasonal goods to household staples. Starting a dollar store takes a lot of work, but it can generate a steady income for you and be a huge asset to your community. If you are serious about starting a dollar store business, here are a few things you need to keep in mind. Establish your financing for the new business. If you are an established businessperson with a proven track record, your bank is very likely to extend a line of credit for you venture. This is especially true if you have written a logical and realistic business plan. If you are a novice, look at using personal assets to start the business or take on a venture partner to get through the first couple of years of operation. Find a strategic location for your dollar store. Since the national chains usually occupy malls, focus you
