Why Your Small Business Needs To Embrace Excel Now!

Garrett Miller
Apr 04, 2024By Garrett Miller

Data has become an essential component of modern companies' digital ecosystems. It is vital to manage and make sense of this data, whether your company is already flourishing or is just starting out. Here we have Microsoft Excel, a program that many small companies fail to fully employ. Yet, why is it that your small business needs Excel so badly at this very moment? Let's explore the advantages it provides in more detail.

1. Enhancing Productivity

Excel increases output because it can do complicated calculations in a matter of seconds rather than hours when done by hand, which saves time and eliminates the possibility of human error.

2. Facilitated Better Decision-Making

Improve your company's strategic decision-making with the help of Excel's data analysis capabilities, such as conditional formatting and pivot tables.

3. Managing Your Money

Excel is a one-stop shop for all things financial, including budgeting, reporting, and forecasting.

person using laptop on white wooden table

4. Working Together Effortlessly 

Stored in OneDrive or SharePoint, an Excel sheet can have numerous people working on it at once, improving teamwork and version control.

5. The Capability to Be Modified and Expanded  
 
Excel has a plethora of features out of the box, and if that isn't enough, you can always add more by modifying it with VBA code!

Those who aren't familiar with or worried about the complexity of MS-Excel may have concerns about the learning curves connected with its use, no matter how helpful it appears at first glance.
 
Never fear! Learners can take advantage of online courses provided by sites like Coursera and LinkedIn Learning to progress from the tool's fundamentals to its more complex features, allowing them to become proficient with what is inevitably a priceless asset.

'Why should your small business embrace Excel now?' is the question that the above addresses. It is obvious: to enjoy its many advantages, such as increased efficiency, better decision-making, easier financial management, better teamwork, and more personalization. Join me in embracing a data-driven world by utilizing this powerful tool from Microsoft.