Some business owners think of Microsoft Excel as a godsend they’d be lost without, while others are simply too intimidated to really learn it as well as they know they should. Whichever camp you fall into, you only stand to benefit by becoming more proficient at using this absolutely essential tool. Knowing your way around Excel can help save you loads of time and increase your overall productivity to boot. The following are just a few examples of how.
If you’re like many business owners, you probably have several different ways of keeping track of your many calendars and schedules. There’s one scheduling system to keep you on top of content production, another for managing employee hours, and still others to keep your family and social lives in order, right? Excel is actually capable of organizing, color coordinating, labeling, and monitoring all of your schedules simultaneously so you’re always 100 percent in the know.
Microsoft Excel comes fully equipped with the ability to track expenses, calculate interest rates on loans, manage your budget, and more. In other words, it can really help you improve your productivity and efficiency when it comes to your finances. Just select the “accounting” option the next time you’re formatting a new set of cells, and you’re all set. Excel features multiple built-in formulas that make it easy to customize your spreadsheets to better suit your needs as well.
Excel can even simplify the process of staying on top of all your necessary data from minute to minute. Think everything from flight schedules to current stock prices! You can even use it to keep track of baseball scores and sports statistics if you like. All you need to do is install the Power Query Add-In, connect it to a live data source, and the program takes care of the rest. No more tedious hours and wasted manpower spent manually entering all of the statistics you need to keep track of!
In other words, Excel is quite possibly the best, most effective productivity tool your business isn’t fully benefiting from, and these are just a few of the incredible things it can do. Start learning your way around it yourself sooner rather than later, and prepare to reap the benefits. When you see how much time it saves you, you’ll wonder why you didn’t do it sooner.