requirements. Virtually every new business is faced with unexpected expenses. It might be sales running lower than anticipated. It might be an unexpected emergency that must be handled immediately. It might even be adding inventory to cover business growth at faster than anticipated rates. All will require cash from your reserve.
Tip #4) Maintain a cash reserve well into the future; even after your dollar store business is generating a profit. Don’t relax and allow your reserve to dwindle away just because things are going better than anticipated. Maintain a cash reserve for your business for as long as the business is open and operating. After all you never will know when having a reserve fund to cover unexpected dollar store cost makes all the difference to your success.
To your success when opening a dollar store!
Find out how you can open your own dollar store business.
Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer.
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