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Why Spreadsheet Templates Are Becoming So Popular Among Entrepreneurs

by Olufisayo
Spreadsheet Templates

Spreadsheet templates are a way to use preformatted files in a spreadsheet system such as Google Sheets, Numbers, or Microsoft Excel, so that you can use spreadsheets easily to create more efficiency and improve productivity when you are working. Entrepreneurs like them because every business needs to be organized from month-to-month in order to streamline the success of the business.

Having a template for invoicing, payroll, employee lists, inventory, and everything else your business needs can help you to improve the success of your business. These are just a few of the many reasons that templates are so popular among entrepreneurs. Learn more about spreadsheets and their benefits for entrepreneurs here.

Benefits of Spreadsheet Templates

A spreadsheet template in either Google or Excel is a preformatted template that you can save and use again and again. You can include formulas in your templates, or find templates with established formulas, so that you can perform the work of your business faster and easier from month to month, quarter to quarter, and annually as well. There are spreadsheet templates for every facet of your business that will help you here.

A key benefit of spreadsheet templates is that they can be used from user to user, or employee to employee, without the employee having to create a brand new document every single time. Then, the employee or end user can create a new file every week, month, quarter, or year, that has the same qualities, without having the exact same content. You’ll never have to worry about an impact to your brand when you use spreadsheet templates that make everything look the same from one instance of use to another.

Another benefit is in speed and multi-functionality. You can create an employee roll, invoice, or inventory list much faster every month or week when you have a template that requires you to simply input the values. This is much easier and more productive than having to create a brand new spreadsheet every time. This will reduce errors by your employees and also help them to be more efficient at work. With this, entrepreneurs save money when these hours in productivity are saved and errors are minimized or eliminated.

Not many employees know the value of spreadsheet formulas, either. It is not always cost-effective to teach them this as well, and these can be included in your spreadsheet formulas.

A SUMIFS formula, for example, allows you to sum up a series of values given a defined set of criteria. So you may want to add up values that are only larger than the value of 10 in your spreadsheet. Then you would put the formula =SUMIF(cell range, “>10) in your spreadsheet template, and your employees would never have to worry about taking the time to learn the formulas, and then learn how to use them properly in your spreadsheets.

Common Spreadsheet Templates Used By Today’s Entrepreneurs

There is a wide range of spreadsheet templates used on both Google Sheets and Excel and in other spreadsheet programs that you can begin using today. You can get them from the software itself. You will see standard templates here, such as invoicing, inventory, payroll, inventory, and important business needs such as this in the predefined templates gallery in your favorite spreadsheet program. In many cases, you can find better spreadsheet templates online. You can also create your own if you have the time to do that, and want a unique template for your business.

There are many common spreadsheet templates used by today’s entrepreneurs. One example is a weekly social media report. If social media is a part of your business, as it is for millions of businesses today, then you will find that they perform better when you are tracking it and studying its success.

You can do this with a social media spreadsheet template that gives you the numbers and performance of the spreadsheet as they happen. Track how many new followers or friends you get, what the engagement on your posts looks like from day to day or week to week, and how many comments you are getting. There are numerous social media activities that you can track using spreadsheet templates.

Another common spreadsheet template is a type of template that can help you to achieve goals for your business, and keep track of them. Let’s say you have a website and want to track its traffic. Set goals with a template and record the numbers and data on your template to track blog traffic, website conversions, and sales.

These are just a few of the many different types of spreadsheet templates that entrepreneurs are using today.

Download Spreadsheet Templates Today

Entrepreneurs today are using spreadsheet templates to streamline their business, improve productivity, get and track data on their business needs, and save money with their business.

You can too. You can choose templates from a wide range of templates available with your chosen software, create them yourself, or download a spreadsheet template online from an experienced developer that has something more geared towards your needs. Download a spreadsheet template today and see the difference in productivity for yourself.

Photo by Lukas Blazek on Unsplash

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