| When you are thinking about starting on your own as | | | | is to break everything out under higher level topic |
| a entrepreneur, you need to think everything trough | | | | areas. Cash Management could be one topic, for |
| and make guidelines and operational procedures. Your | | | | example. A sub topic would be opening and closing the |
| business will run much better if you complete these | | | | cashregister. A third topic could be handling alternative |
| steps first. This is a very important step to take before | | | | payment methods, like checks and credits card |
| actually opening your business. | | | | It's important that the manager or the owner reads the |
| One of the operational guidelines that will be most | | | | cash register several times a day. The time should |
| critical when you start a dollar store is associated with | | | | vary from day to day. Another important thing is, that |
| the management of the cash register area. There are | | | | excess money should be removed from the register |
| many things you need to think about in this area of | | | | several times each day. This cash must go to a |
| your business. They include cash set-up amount, | | | | secured location, like a safe or a box immediate. You |
| cashier counting in and out, making change without a | | | | need to make guidelines and document them, about |
| sale, making change when there is a sale and more. | | | | these issues, before opening the actual store. |
| Remember that there are many administrative task to | | | | Making such decisions can be quite difficult, especially if |
| consider when handling credit cards and checks when | | | | you haven't had a store before. I suggest you contact |
| opening a store. If you choose to accept credit cards, | | | | a local cash register corporation. These are all over. |
| you must decide which cards to accept and how to | | | | Even in small contries like Denmark (where a cash |
| handle them. | | | | register is called a Kasse Apparat :) Such a |
| When you start a dollar store one methods for | | | | corporation will help you taking the right decisions when |
| developing your operational procedures and guidelines | | | | it comes to handling your money in a safe matter. |