I have been thinking a lot about skills that are important for an entrepreneur to have, and an understanding of finance is pretty high up on the list.
Understanding finance, financial calculations, and financial statements can help you spot areas of weakness in your business, evaluate opportunities objectively, and ultimately understand your business and industry more effectively.
The most effective tool to do these things is Microsoft Excel. With Excel you can easy evaluate all sorts of different things, and quickly change inputs as you find out more information.
Apart from financial things, Excel is also a good platform to build your own resources when you are small. You can build anything from real estate deal analyzers that pull in real-time information from the internet and notify you when things change, to basic inventory tracking systems, to smart shipping invoices.
In this thread, I am going to cover a mix of financial things that are worth knowing, how Excel works with those financial things, and also non-financial things that you can use Excel for.
If anyone is interested in a specific subject, or has a question about how to do something in Excel, post it here! I am stuck using Excel 2007, so it may not be the same as the newer models - fyi.
Thanks,
LibertyForMe
Table of Contents:
Lesson One: Fixed References -https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-358789
Lesson Two: Future Value - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-358930
Lesson Three: Automatic Data Gathering - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-358938
Lesson Four: Intro to Pivot Tables - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-360089
Lesson Five: Pivot Tables 2 and Pivot Charts - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-360092
Lesson Six: Opening Multiple Hyperlinks At The Same Time - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-360370
Lesson Seven: Using VLOOKUPS to find and join information - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-360757
Understanding finance, financial calculations, and financial statements can help you spot areas of weakness in your business, evaluate opportunities objectively, and ultimately understand your business and industry more effectively.
The most effective tool to do these things is Microsoft Excel. With Excel you can easy evaluate all sorts of different things, and quickly change inputs as you find out more information.
Apart from financial things, Excel is also a good platform to build your own resources when you are small. You can build anything from real estate deal analyzers that pull in real-time information from the internet and notify you when things change, to basic inventory tracking systems, to smart shipping invoices.
In this thread, I am going to cover a mix of financial things that are worth knowing, how Excel works with those financial things, and also non-financial things that you can use Excel for.
If anyone is interested in a specific subject, or has a question about how to do something in Excel, post it here! I am stuck using Excel 2007, so it may not be the same as the newer models - fyi.
Thanks,
LibertyForMe
Table of Contents:
Lesson One: Fixed References -https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-358789
Lesson Two: Future Value - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-358930
Lesson Three: Automatic Data Gathering - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-358938
Lesson Four: Intro to Pivot Tables - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-360089
Lesson Five: Pivot Tables 2 and Pivot Charts - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-360092
Lesson Six: Opening Multiple Hyperlinks At The Same Time - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-360370
Lesson Seven: Using VLOOKUPS to find and join information - https://www.thefastlaneforum.com/co...ft-excel-for-entrepreneurs.52038/#post-360757
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