Dollar Store Sales Goals must be set by those who Own a Dollar Store
While it is easy to be lulled into thinking all is okay once their store is open and operating, data should be used to determine if this is so. And as the most successful business people know, the first step toward failure can be as simple as accepting business performance at status quo levels. It is always important to be thinking about the next step you will take down the path to success.
For those who own a dollar store the strategic work done early on are critical to long term success. For example,
while it is easy to be lulled into thinking all is okay once their store is open and operating, data should be used to determine if this is so. And as the most successful business people know, the first step toward failure can be as simple as accepting business performance at status quo levels. It is always important to be thinking about the next step you will take down the path to success.
Never allow yourself to become a victim by not knowing exactly how your business is doing now, and by not having a solid plan of action with specific performance goals. Know the very next actions you will take to keep your business growing ever more successful. Two primary areas of focus for those who own a dollar store should be dollar store sales and cost performance and improvement.
In the realm of dollar store sales, performance goals should be established from before the very first sale onward. Strengthen the importance of these goals and the actions you will take to continually grow performance by adding them right into your initial business planning. Set long term annual sales goals. Break this goal down into monthly sales goals. Be sure to tie sales improvements to specific actions you will take to achieve those results – note the action you are taking and the target date for completion of the action and achieving the sales results of that action. Be ready to modify planned actions if final sales results are not as expected.
Costs should be handled in a similar manner. Start by setting annual cost goals. Break the annual cost goals down into monthly goals. Document planned actions and the expected impact of each of the actions to be taken. Be sure to actually monitor completion of actions and the final cost reduction results achieved from each action. Be prepared to adjust planned actions if required. Likewise, be prepared to add in new actions to help recover if expected cost reduction results are not achieved.
For those who own a dollar store, your dollar store sales and costs must always be monitored. Set aggressive goals to build sales ever-higher. Another set of aggressive goals will be to continually reduce costs. In combination, sales and costs come together to provide specific goals for business profits.
