Whether you are just opening a dollar store for the first time or you already own a dollar store one of the biggest challenges is determining the right format. Your store format helps to determine projected sales, projected costs, projected profits, dollar store suppliers for the dollar store merchandise your business depends on, and much more. If you are just opening a dollar store all that’s required is to carefully examine the pros and cons associated with different formats, and then make the right decision for your soon to open business. However if your store is open and operating and the right format has changed over time, there is much more work to be done.
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Monthly Archives: January 2010
What to do with Extra Sales Floor Space
Many who are starting a dollar store are faced with the challenge of finding the perfect location. Finally after many hours of hard work they find a great location. There is only one problem; it is too big for their current funding. So they are faced with several options. First they could just walk away and find a right-sized location. Second they could open the larger space and just keep it under-stocked until profits cover the missing dollar store merchandise inventory. Finally they could partition the location so just the right amount of sales floor space is open to the public. In this article I will examine each of these options.
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auto insurance principles should apply to health insurance
Many Americans rely on their automobiles to get to work. No automobile means no job, no rent or mortgage money, no food. A single parent, struggling to make ends meet in the suburbs with 100,000 miles on the odometer, would presumably welcome the guaranteed opportunity for low-priced insurance that would take care of every possible repair on her auto until the day that it reaches 200,000 miles or falls apart, whichever comes first. Especially if the insurance is valid regardless of whether she even changes the oil in the interim.
So why aren’t the auto insurance companies writing such coverage, either directly or through used auto dealers? And given the importance of reliable transportation, why isn’t the public demanding such coverage? The answer is that both auto insurers and the public know that such insurance can’t be written for a premium the insured can afford, while still allowing the insurers to stay solvent and make a profit. As a society, we intuitively understand that the costs associated with taking care of every mechanical need of an old automobile, particularly in the absence of regular maintenance, aren’t insurable. Yet we don’t seem to have these same intuitions with respect to health insurance.
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