Business Management
7 Steps to Launching a Home-Based
7 Steps to Launching a Home-Based Business
Prop 207 and Your Employees
*Disclaimer: This post relates specifically to Arizona State Law, and may differ from State to State. Anchor Solutions is not a Legal resource. Any action should be reviewed by a proper legal representative.* Prop 207 has been big talk for the state of Arizona, and with good reason! The passing of this bill has created …
ABC Categorization
Have you ever heard of the 80/20 rule? This is an inventory principle that states; in most cases 80% of your sales (or units sold) is based off of only 20% of your overall inventory. That 20% of your inventory is your rent payers, the rest is all supporting products. ABC categorization helps you break …
FIFO vs. LIFO
FIFO – First In First Out This is arguably the most used technique in keeping inventory fresh. This system is exactly as it sounds, the first product that came in takes priority over the following replenishment. Think of stocking milk, you always put the stock you already have, ahead of the shipment you just received. …
FreshBooks Accounting Software
FreshBooks is our number one choice for freelancers and small service-based businesses. Let’s explore FreshBooks and see if it is a good fit for your business.
Consignment Agreements; The Unsung Hero of Small Business
Have you ever driven past your neighborhood shopping center and noticed a shiny new “Consignment store” just popped up seemingly out of nowhere? It kind of makes you stop and think about the word “Consignment” … some of you may be stuck wondering just what the heck it is!
Intro to Inventory Management: What about Product A?
A healthy inventory is the life blood of any product-based business. Seems simple right? Without product, you have no way to make money. However, the challenge comes in keeping up with current trends, seasonal items, and economic conditions.