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Opening a dollar store comes with many challenges. One of those challenges is being able to see into the future. That glimpse can be a best-guess by forecasting and then taking all the right actions to make that forecast become your dollar store business reality. It can also become anyone’s guess by letting luck determine exactly what happens. With so much at stake it only makes sense to do everything possible to make the future of your business exactly what you seek. In this article I present key steps in planning and taking action to make your business a success. Start with a vision of what you want to achieve in your business. Take the time to dream and then mold those dreams a clear picture of exactly the future you seek for your dollar store business. And the vision becomes clear be sure to write it down. Set specific goals for your dollar store business. Turn your vision into precise, detailed goals for the future of your store. Make sure the goals are very specific and make sure they are also measureable. Determine the actions required to achieve those specific, measureable goals. Achieving each of your goals will require specific steps and actions. It is important to define the required actions for each step of the plan. Document a final plan of actions and focus issues to achieve your vision. The documented plan should include each specific goal accompanied by the actions required to achieve the goal. Set your funding in-place. Some actions will require an investment of cash. Define the projected cash requirements as a part of your documented plan. Then put the funding in-place to start moving forward. Take action. Many opening a dollar store don’t exactly know what they want, or even what they are capable of accomplishing. As a result they don’t take the actions that make it happen. By developing a documented plan you are positioned to take the actions necessary to achieve success. Measure your results. Measure and check each goal and the accompanying actions to make sure progress is being made toward your vision. Make adjustments to continue movement toward goals. Examine progress being made toward all of your goals. Adjust the actions of those that are either progressing slowly, or not at all. Continue to measure after the adjustment to ensure your dollar store business achieves each and every one of its goals. 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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