| It's hard to believe just how much equipment is | | | | POS computer (If you choose to purchase such a |
| required to prepare, open and then operate a retail | | | | system.) there are so many other daily, weekly and |
| store. While much is determined by the size of the | | | | monthly tasks that are made easy with a computer. |
| store, just as much is dependent on the sales volume | | | | 5) Printer/Fax Machine. If you have a computer you'll |
| you achieve. For example, a store with many square | | | | need a printer. You'll also find there will be incoming |
| feet of sales floor area that is targeted to achieve | | | | faxes from vendors and others regularly. Why not just |
| only 2-3 inventory turns per year will see freight | | | | purchase a multi-function machine to handle both? |
| coming in at a fairly steady pace. A smaller store | | | | 6) Phone System. That's right; you'll need at least a |
| working to achieve 5-6 inventory turns on the other | | | | basic phone system when you open a dollar store. |
| hand, will see a continual inflow of merchandise at a | | | | You'll have phones at the cash registers, in your office, |
| fairly quick pace. In this article I present 10 pieces of | | | | and possibly other locations such as the stock room. |
| equipment required when you open a dollar store. | | | | You can plan on multiple lines to handle incoming calls, |
| 1) Cash Registers. A real necessity when you open a | | | | check approval, and credit card authorization, for online |
| dollar store! The problem is there are so many to | | | | computer access, and other tasks. |
| choose from. Be sure you don't buy a basic model | | | | 7) Pricing Guns and Pricing Machines. Every store |
| that can't do the work you need done. If you choose | | | | needs manual pricing guns. These simple to use tools |
| not to have a POS system, then you are counting on | | | | make pricing incoming merchandise and changing |
| getting sales by-department data and so much more | | | | prices on existing inventory effortless. As the size of |
| from your cash registers. Take the time to become | | | | your store increases, seriously examine purchasing a |
| thoroughly familiar with all of the functions and the | | | | pricing machine. In a matter of seconds you can price |
| operation in general before your store opens. Don't | | | | hundred of price labels for incoming merchandise. |
| wait until there is a line of unhappy customers waiting | | | | 8) Hand Truck. Every store no matter how big or small |
| to pay running from the front to the back of your store | | | | needs a hand truck. In fact you'll find the low |
| to discover no-one knows how to load receipt tape in | | | | investment in this one piece of equipment pays for |
| an empty cash register. | | | | itself over and over. |
| 2) Check Approval Machine. If you decide to accept | | | | 9) Merchandise Stocking Carts. There are a variety of |
| checks, you'll probably decide to complete some kind | | | | options, but it is very easy to receive freight and |
| of electronic approval process. In some cases check | | | | immediately place it onto stocking carts. Then the carts |
| approval machines can be replaced by your cash | | | | can be pushed to the appropriate location on the sales |
| register or POS machine. | | | | floor for easy stocking. |
| 3) Credit Card Machine. If you open a dollar store you | | | | 10) Pallet Jack. If you open a dollar store that is doing |
| likely plan to accept credit cards. Then there will be a | | | | any volume at all, you'll want a pallet jack to help move |
| stand alone credit card machine - unless your cash | | | | incoming freight around. At the very least you'll move |
| register or POS system has this function embedded | | | | pallets from the freight dock or landing into the |
| and is just waiting for you to put it to use. | | | | receiving area. Once again this is a back-saving devise |
| 4) Computer. Inventory management, merchandise | | | | that only costs a few hundred dollars. Its money well |
| ordering, generating schedules and so much more will | | | | spent! For bigger stores, invest in a forklift - you'll be |
| depend on your computer. While some of these | | | | glad you did! |
| functions can be completed as reports from your | | | | To your dollar store business success! |