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Business Start Up Costs Spreadsheet

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1. The Pareto Principle _ Using spreadsheet tracking, you can easily apply the Pareto principle in deciding which of your income sources and expense channels(i.e. products and services sales) to focus on in order to maximize profits. Considering that you are most likely to use the same marketing/sales resources to serve your customers, it only follows that if you focus on your biggest margin selling products/services, you will get increased profits at more or less the same cost.

Deciding What Spreadsheet Application To Use. This would ultimately be up to you. The big "fight" has always been between Lotus 1θι and Microsoft Excel. I started out with Lotus 1θι back in 1993 and learnt Lotus Macros programming(via self_tutoring). I eventually used this skill to develop _ in my free time _ various custom spreadsheet solutions(that were formally adopted for use in the departments I worked in as a brewer/manager in Guinness), before switching to Microsoft Excel in 2001. Subsequently, I developed my Excel Visual Basic spreadsheet programming skills (also via self_tutoring), because the company had chosen to adopt MS Office during the roll over to year 2000.

Another question I ask, in answering the "Why Excel VB?" question is : "Why re_invent the wheel? ". My experiences(and those of others who favour the use of Excel VB like I do), confirm that to organise, and analyse data for (financial/management) report generation and decision making, you will save hundreds of hours using already in_built, pre_programmed Excel functions compared to a situation where you used Visual Basic proper. All the functions needed to achieve the above purposes already exist in Excel, so that you don't have to write them all from scratch as would be the case if you were to use Visual Basic. 3.It works even when you lack "In House" expertise.

The visiting head of the technical function only needed to look at the most recently plotted point on the chart (relative to preceding ones) for a Key Performance Indicator like. Cost per Hectolitres brewed(One Hectolitre = 100 Litres), to know if the brewery had stayed within the approved upper limit of spend(plotted as a straight line target across the same period) or not. Discussions would then take place based on identified "Exceptions"(which could be "good" e.g. savings made or "bad" e.g. monetary loss due to materials over_used), and "Actions To Be Taken" to correct or maintain observed performances agreed upon.

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