Reine Maëlyne March 29, 2021 Spreadsheet
The need for new and/or different systems to support a company‘s growth is not avoidable. Just plan to address them before the pain at each juncture is so great that your people start leaving for a company that has better, more efficient systems in place. When you do start this planning phase, be sure to use experts that are not tied to a particular solution. You know the old saying... When all you have is a hammer, everything looks like a nail. In the past, the easiest way to share a small database was to create a spreadsheet and email it to your collaborators. This time‐tested method has withstood more sophisticated competition for several reasons.
Not only can you finish the complicated employee scheduling process in minutes with the employee schedule template, but you can also manage their performance by setting appropriate metrics and viewing their performance. There are two principles that you must remember. First, prevention is better than cure and that you must use employee spreadsheet as a preventive tool that makes it possible for you to prevent performance failures rather than finding ways to manage them.
Second, remember that whatever can be measured can be managed. Develop a system wherein just a few look at some numbers can tell you the health of your operations. But this also depends on the soundness of the system. If someone can just fill in numbers they can induce you to think in ways that may not be desirable given the fact that you have to manage the operations.
Next, add the dollar amount of your goals and the time in month or years. The long term goals will probably be in years and the short term goals in months. Set up a formula to divide the total goal amount by the goal length in months. This is the amount you need to save each month to achieve your goals. Set up a budget to help you save more money if you feel you can‘t make your goal savings each month. For extra help, open up another sheet and record your progress. Every week or every month write about how you are reaching your goals and if you are able to save the minimum each month. Try to save a little more each month and cut down on your time table, or if you can reach your monthly goal, adjust it. With this plan, you can include goals to save for big items such as a car or house, or to pay down debt.
Third, building the right kinds of collaborative applications requires some skill and understanding how and what kinds of data are shared. How many people are going to be adding/changing records to your database? How many just want to do queries and reports? And how do you prevent conflicting updates? Finally, when you add the Web and Internet‐based access to the data, you have greatly increased the skill level required to create and manage your database. While there are some really good Internet‐facing database programs (Alpha Software, Filemaker, Quickbase from Intuit, and DabbleDb ‐ just to name a few that I know of), none of these are as easy to setup and manipulate as Trackvia.com, a service that has been out for the past year but recently gotten some much‐needed improvements.
Since this is a residential rental apartment building it makes sense to include rental income in your real estate spreadsheet. That‘s obvious. What isn‘t so obvious are things like interest on tenant deposits, subsidies, tax refunds, etc. When you‘re building the spreadsheet you need to estimate when those revenues will arrive, and that relates to the number of tenants, the rental rates you charge, how long the lease term is for each tenant, etc. You also need to assume some late payments, evictions, and vacant units. If you haven‘t invested in the area before this can be a challenge. You can gather data on that by speaking with local real estate agents, lenders, and tax agencies, or subscribe to an industry database that covers the local area.