Sunday, March 29, 2009

Desktop Publishing!

This week I learned how to use Excel.. I know it's pretty sad I've never used it before, but hey, that's why I took this course- to become a little more tech-savvy. Microsoft Excel is a great program to use when compiling lots of data. This application allows you to piece together any type of data, whether it's numerical or not. Using Excel, I could organize all the information I have about the sales I'm making for my product. Each time a person buys my music earmuffs, I could make charts that tell me how much I'm making each month, while also taking into account the money I'm spending on production. This way I could easily calculate the profit of this new invention and whether it's worth continuing its sales. If I get lots of customers who buy my product, I could use pivot tables in Excel to help me analyze the large amount of data of the money coming in and going out in lists in tables. Using separate tables, I could see how much I spend on each piece of the product, how much I pay my employees who help make the product, how much I'm spending on production, and how much I'm making in sales. All of this information is key to being successful with a new product, and programs like Excel would be great to use to keep all of this organized.

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