What are the steps needed to open a dollar store business if it is not a Franchise?How do I get started with opening my own dollar store? To make the process straightforward, here is a simple STORE PLANNING CHECK LIST. It will ensure that you do not forget anything when getting started with a new dollar store. These are things that are needed and typically need to be completed BEFORE a store rental lease is signed and commenced:
A) If you do not have the funds, obtain adequate financing with a Business Loan. A well laid out Business Plan will be needed to secure a traditional or non-traditional loan.
B) Determine what type of company you will be using for your business? Will it be a Corporation? An Incorporation? Or a Limited Liability Corporation (LLC)?
C) Select a Store Name “Winner”. You must make sure it is freed up in your county and/or state to register it.
E) Location, Location, Location! Get the best place possible before any leases are signed. Have a professional from Buckstore Inc. do a Feasibility Study and Business Plan if necessary for a Loan.
H) Hiring employees is not an easy task, and it is very important and must done, see all your options on how to
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The task of ordering this much inventory can be overwhelming for a first time retail business owner.