Is Starting a Dollar Store the Ideal Business Opportunity?
If you are considering a dollar store business, there are some critical steps to take before moving forward. These steps are designed to help you assess whether this is the right business for you. First you should complete some basic research into the operational aspects of opening a dollar store. For example, most stores are open long hours; often from morning until evening, seven-days per week. These same stores are often open many of the major holidays when most businesses are closed. There are also significant costs associated with getting your business up and running. Then of course you will need funding to carry your costs until you achieve profits. Read on as I present part 1 of a 2 part article about the requirements of owning a dollar store. #1) Long hours. As noted above those starting this business face the reality of retail hours. Once your store is up, running smoothly, sale levels are building and you are generating solid profits you may be able to consider backing off on