Is it Time to Refocus and Relaunch Your Dollar Store Business?
In today’s tough economic times many businesses are feeling the crunch. In fact we are barraged by not only story after story about just how bad things are, but also tales of businesses laying off employees or even closing their doors completely. There comes a time for many businesses when the reality is – major steps must be taken, or business failure looms close at hand as a real possibility. If you own a dollar store business you may have faced the double-edged blade of the costs-versus-sales price sword. On the one hand every cost associated with your business continues to move skyward as your dollar store profit drops. On the other hand as the economy gets tighter, your sales plummet downward. You begin to question whether now was the time to adopt a dollar plus store format, to close and reopen as an entirely new and different business, or to just shut the door forever. Before you know it there is little time to make some tough business decisions. You see the writing on the wall.
