When used properly, Microsoft Excel can be a powerful and versatile data management tool for entrepreneurs who may not currently be in a position to invest in databases or other software for their small businesses. Excel is capable of processing the data of most small businesses. This can save a lot of time and effort when it comes to complex calculations. It contains various formulae and functions which can drastically improve the accuracy of your data.
It’s not all plain sailing when it comes to Excel though.
A quick Google search will show you various articles outlining the pros and cons of this program. As with any program, if you choose to use Excel it is really important to maintain a critical eye over your data and perform several checks where possible. Do not take the data at face value. There may have been errors made at the point of entry, or in a formula, that need to be corrected.
If you choose to use Excel for your business data, do a course or watch online tutorials. This will help you to improve your skills. If you are not a confident Excel user, enlist the help of someone who is. I have used Excel on a daily basis for as long as I can remember. In that time I’ve learned a lot of different functions that are useful to small businesses.
I have recently created a YouTube channel, where I have uploaded a number of tutorials, explaining different concepts in Excel. Subscribe to my channel to access short tutorials that are relevant to your small business. If there are particular topics/formulae that you would like to have covered, please feel free to contact me and I will do my best to create a tutorial around that.
If the thought of Excel makes you break out in a cold sweat, or you are too busy with your core business, it may be time to consider outsourcing to a Virtual Assistant. Get in touch for a no-obligation consultation, to see if Brava Virtual could be a good fit for your business.