Chianna Clémence May 10, 2021 Spreadsheet
He grossed $2,000 a week for his bosses, and earned slightly less than $500 for himself. Still, the wages kept him in seeds, bowling shoes, stick pins, and a Platinum Buddy Holly Fan Club Membership. Lester‘s favorite word was ”crapola,” and he applied it to the ball bearing factory‘s antiquated data processing system in coats as thick as the olive drab membrane clinging to the smudgy glass before him. ”You piteous piece of crapola!” he‘d hiss at the computer when error messages flashed across its screen or its ancient system locked under the demand of crunching numbers to the tenth decimal point. ”Some day I‘ll throw your sorry ass into one of those melting pots out there!”
One of the topics I cover on my Advanced Excel courses is hardly ‘advanced‘ at all, but it is a very useful and popular technique with my students. It makes use of the OLE capability to create invoices by embedding Excel data. First you need to create an Excel spreadsheet and format it in an appropriate manner, keeping in mind that this will form the basic structure of your invoice and will eventually be seen by your clients. You don‘t include any Company contact details or logos in the spreadsheet though as these will be incorporated into the Word document. The next step is to lay out the invoice itself in a Word document, based upon your normal Company letterhead. Leave the main body of the document empty as this is where the Excel spreadsheet will be embedded. All you need in this master Word document is your usual Company branding and contact information.
When presenting your business plan to an angel investor you must understand that they will be very interested in your spreadsheets and proformas, but you must also realize that it is typically an entrepreneurial optimistic approach, which causes problems with proformas. Therefore, you should have dueling spreadsheets; that is to say the spreadsheets, which take your best guess and double the time, double the expenses to compete with your optimistic approach. You should be able to present both of these to your Angel Investor; who chances are is a retired business person with a little bit of financial savvy.
I don‘t think so. My husband and I weren‘t a great married couple but we were excellent business partners. We almost never, actually maybe NEVER, fought about money. We agreed on how to raise our kids and were always honest about our finances. He made a lot of money and I had some money of my own from my grandmother and would inherit when my parents died. I knew that we would be able to sort through these things better on our own. Most significantly, he LOVED to make spreadsheets and certainly would not be willing to pay someone else make one for him. I did some research on the internet to see what our options would be. I knew we couldn‘t do it ourselves but that we would need some assistance because our finances were complicated. I learned about divorce mediators, professionals who work with couples at an hourly fee to help them navigate the process. It sounded like it would work for us so we agreed to find one. And we did. Well, I did.
His entomological collection occupied any open areas large enough to accept skewered insects. And his Buddy Holly collection consisted of three scritchy albums the talented tunester recorded before dying at 22 when his plane crashed in Iowa. Lester wore black horn-rimmed classes identical to those of the late singer, and considered these a statement to the world that a ”cool” persona existed within his ”bean counter‘s” body. Too, Lester was a college graduate: Penn State, class of ‘78. He maintained a solid ”C” average over four years, and finally earned ”Certified Public Accountant” status on his fifth try. ”Reversing entries are hemorrhoids in the ass of accounting,” he remarked flatly during a first interview with his present employer, who dwelled briefly on his gradepoint average and numerous shots at CPA accreditation. ”They tricked me every time!” In spite of his lackluster academic record, the firm hired Lester and beginning Day One sacrificed him to Bourgeois and 20 other mediocre accounts.
This will show your Angel Investor that you indeed are a rational thinker and concerned about the money as well as the truth. If the Angel Investor cannot trust you your chances of being funded are nil. An angel investor is betting on the jockey not only the horse. As an entrepreneur you must be honest with yourself as well as your financial partner. They want to make sure you believe in what you are doing and that you also have risked your own capital, time and energies into the new business. Angel investors want you to succeed and often they also like to give their input and if you end up taking their money for your startup, the need to realize that their input needs to be taken seriously.
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