Funding, Location, and Staffing needed in Putting Up a Grocery

If you are really planning and ready to invest for a grocery, there are things that you really need to know. Study and carefully consider them, here they are:

• Funding. It needs at least P150,000 as working capital to stack up on initial inventory. Another P150,000 may be required to cover the top three operations related expenses: rent, salary of personnel, and fees for utilities. Don't expect gain within a year; it usually takes "two to five years" to recover your investment in grocery.
• Location. If you plan to open a grocery near school, hospital, or an office. Study the demographics if people in your desired area, study what they need and desires, and this is what your store should carry out and offer them. If you will be located near a hospital, you will be offering, infant formula milk, food, and water which is usually needed by the patient and other people who move in and out from the hospital. The countryside is also a good location for a neighborhood grocery, offer what people often want to eat and drink, what they usually cook and eat for breakfast and dinner. Study their sources of income and their capacity to buy and shopping habits.
• Staffing. You need at least 10 to 20 people to operate you grocery smoothly. This is what expert says and recommends. You need the following;

1. Cashiers: They are in-charge to check-out the counters. Having three counters must also have more than three cashiers to ensure smooth operations even when an assigned cashier is unable to go work. 
2. Store manager or supervisor. He assist the owner in operating the store smoothly. If you have more than one branch, you can hire a supervisor to maintain and check the operations of those branches, plus a store manager to coordinate with other stores and share some of the owner's responsibility.
3. In-house merchandiser. Some distributors don't usually send promotional staff to grocery stores. Instead, an in-house merchandiser is assigned to arrange items to be displayed in shelves of store, and even promote to people to buy them.
4. Backroom personnel. It includes buyers, purchasers, accounting, and HR staff. They are in-charge to run your business at back office, providing all the needs and check them.
5. Support staff. Function as porters in the warehouse, responsible for loading and unloading delivered items.
6. Baggers. When the cashier can't accommodate to bag purchased items by the customers, a bagger is needed to assist the cashier depending on the size of operation and number of customers who comes in.

You prepare for incidents like theft and shoplifting committed by shoppers and staff. You can hire in-house detective to watch over the shoppers. Be also visible in your store to watch and check your staff. You can also install a CCTV to watch your shoppers and staff when you're out of your store.

Source: Entrepreneur Magazine

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