Entrepreneurs go into business for a wide range of reasons. Let’s say you are an employer with 97 workers, 17 of whom known as in sick in the present day, and you wish to know the percentage represented by absentees. Excel can do this. You’ll be able to learn Excel and use it to determine the ratio of male to female employees, the share of minorities on the payroll, and the rating of every employee by compensation bundle quantity, including the chances of that package deal in keeping with pay and benefits. You should use Excel to maintain track of manufacturing by division, information that may help you in future improvement plans. You possibly can create additional spreadsheets to trace knowledge on vendors and customers whereas maintaining an ongoing inventory of product inventory.