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Would you drive your car on the interstate without a speedometer, gas gauge or a clear windshield? Reviewing your monthly financial statements to understand your organization’s financial health is like watching the gauges to ensure you are staying on track. So, how do you do it? Keeping a financial grip on your business really involves…
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This story is all too familiar. An energetic entrepreneur works and works to save money to start a business. Their nest egg builds and the dream is coming closer to reality. Friends and family contribute. The equipment is purchased. The employees are hired and the restaurant finally opens. And six months later it closes. How…
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Or is it? If you’ve been around business for any length of time you’ve certainly heard someone say “Cash is King.” But, is cash flow really the primary measure of the financial health of a business? One thing is for sure, if you understand the historical cash flow statement you understand the comings and goings…
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Becoming an Excel expert is more than learning functions and cobbling together formulas. A significant part of using Excel to its full potential is knowing the art of data management. This includes everything from knowing how to set up your worksheets to managing data entry to good maintenance practices. Here are several tips to good…
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Ever find yourself wondering if Excel could help you answer the question: “What values would I need to get a known result?” The What-if Analysis features, available in Excel 2010 and up, give you the tools to do just that. Unlike functions and formulas that take given values and return a result, what-if scenarios allow…
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If you think of Excel as just a database for storing dead data, you will be pleasantly surprised to learn about Excel’s What-if analysis tools. Excel offers several features that allow a user to make predictions, or evaluate outcomes based upon variable inputs. In this article, we are going to look at Scenarios. What is…
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To follow using our example, download MacrosForBeginners.xlsx Once you get comfortable navigating Excel, it won’t be long before you start to hear about this wondrous feature called a “Macro” that can leap tall projects with a single keystroke and make boring tasks go by faster than a speeding bullet. While Macros aren’t really the superman…
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A 3D Excel formula allows you to calculate cells across multiple worksheets. It is incredibly useful for creating a summary sheet to share data with others. You can then share the results visually with the help of a 3D Excel Chart. Download and follow along with 3D Excel Charts.xlsx. Step-by-Step: 3D Excel Formula Make sure…
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The best way to manage our time in the workplace isn’t necessarily to have a more comprehensive schedule, but instead to have a smarter schedule. The real trick is to make sure you have the energy and attention to deal with all your tasks. Here are some tips to help you do just that:
One of the best approaches to time management is to acknowledge that no one can do everything. Yet, many time management trainers still focus on schedules and productivity instead of prioritization, energy and coping with distractions. The truth is that time is limited and you are a finite resource. The effort to “keep up” can…
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