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Success With Dollar Stores Requires Careful Calendar Management

Success With Dollar Stores Requires Careful Calendar Management


Many who are now running a dollar store find out just how much it takes to keep things operating on an even keel. They start with no idea how much hard work and good planning goes into achieving success. On the planning side is the need to carefully develop and stick to a calendar of key events for not only their business, but also for themselves. In this article I will focus on the owner or operator who is actually running a dollar store. We will focus on key activities that must be added to their calendar as 'must do' actions.

* Dollar store merchandise scheduled arrival dates.

Running this type of business requires excellent management of replenishment orders. Not only is it important to carefully create and submit orders to your merchandise suppliers. It is also important to have the right resources in-place to handle the dollar store merchandise as it arrives at your store. Always schedule the arrival of merchandise requiring assistance for offloading, receiving and stocking. Smaller orders might be noted, but can generally be handled without extra labor or planning.


* Industry trade shows and events.

Success will be achieved by maintaining close contact with changes in the industry. It is important to schedule and take the time to attend at least one or two industry trade shows, seminars or events to maintain that contact each year. Always schedule yourself into a special lecture or two while attending. Check out the latest dollar store merchandise as well. These events may well lead to introductions to your next new supplier.

* Buying trips.

Nothing beats face-to-face meetings to strengthen relationship with vendors. Make sure you schedule and take at least one buying trip each year. Large vendors may invite you to a special event they are hosting. If not, schedule some time with an existing merchandise supplier or two and take a little extra time to visit with new prospective suppliers during the same trip.

* Local business and community organization meetings.

Those running a dollar store must be involved in the local community. Select one or two business organizations to join. Be an active member by attending meetings and offer time or donating product in support of a sponsored event. Make sure to meet others and invite them to see you business. Their word of mouth advertising can do a great deal to building your customer base.

* Vacation schedules.

Those running a dollar store need time away. Take that time. Just make sure to not only list your vacations, but to also list those of employees as well. Add a prompter prior to the actual vacation date as a reminder to schedule appropriate coverage during the absence.

* Planned store promotions and events.

Success on this type of business dictates that you never leave store promotions and other store events to chance. Plan ahead. Schedule them onto your calendar to avoid conflicts later. Add prompters for pre-ordering

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