Enter A Formula To Display The Owners Draw Percentage Excel Home Based Business and Pies

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Home Based Business and Pies

Speaking of pies, I’m sure that at some stage, Four and Twenty or Bloggs pies started in someone’s kitchen where the pastry balls were baked, the meat mixture cooked, the pie crusts filled by hand and then delivered to a local bakery or delivered directly. At the homes of customers who have previously ordered.

That imagery served as a brain tickler to get me thinking about pie graphs and business managers. You ask if there is any relevance between the two? Well let’s look at the big companies and their senior management. There are flow of information, multiple projects, financial measurements, analysis of resources, profit trends, marketing analyses, etc.

So senior managers who complain that they are time poor and attend too many meetings, and manage too many products or operational services, have learned to ask for and give information in a simple graphical style. Show them a graph that shows the trend line going up or down depending on revenue or cost, a bar graph that compares over different periods, a traffic light report with graphs in red or green showing the current status of projects. , and that information can be understood in seconds rather than scrolling through multiple qualitative word-based reports.

Now imagine your home based business. I used a home based business woman with children as an example. As a simple practice draw a circle on a sheet and call that circle 24 hours, now draw two lines to make a section for sleeping for seven hours (wishful thinking), add a section for one hour of delivery, add food preparation, feeding the children, drinking, cleaning up after each meal. , breakfast and dinner are said to be three hours. Now add two hours for interruptions like courier deliveries, non-business related phone calls, talking to spouse, washing, putting clothes in the laundry tub. , dry, vacuum the house a bit, maybe clean the bathroom, etc.

Now look at business related administration tasks. You need some time for research, so add watching Sky Business Channel, read financial reviews, use business ads to see how the local paper and other small businesses advertise, Google some similar businesses online, check the opposition, allow two hours. (Call it competitive business intelligence if you want.)

Also what about all the administrative tasks? Put paper in the copier or printer, fix paper jams, change mouse batteries, un-jam the paper shredder because you tried to put eight sheets at a time, put the last business card names in Microsoft business contacts, file documents, and finally the next day (two Make a list of tasks for hours).

Now the last slice in your pie is the amount of time for your business. In a demonstration case this time is 4.5 hours (oh really!) Is that time reading and answering all your business emails, quoting for new work, following up on work in progress, working on your marketing campaign for a new product or service offering? , ring business contacts, some potential new referrals who could be future clients, suppliers about work in progress and generally participate in all other activities that affect your business? And don’t forget you haven’t left home.

What if you go shopping, pick up the kids, go to a doctor’s appointment, go to the gym for a dose of fitness, and if you go to the library for more research or attend a workshop or networking, what, shock and tragedy? event Now your “My Business” section looks like a thin slice of a big pie minus the pie.

Food for thought? Have a slice of pie and a cup of tea, and think about it.

Create your own pie graph in Microsoft Excel 2007

1. Open a new spreadsheet. In cell 1, type activity in column A, hour in B and percentage (%) in C

2. In the left-hand column A, start in cell a2, and insert each daily activity at the bottom of the column.

3. Make the last activity my business. Below that, enter the total

4. In column B, put the estimated time in hours for a day opposite each activity eg 1, 0.5, 0.75

5. The total in column B, the last cell must total exactly 24 hours. The formula is =sum(b2:b12) or use Autosum

6. The cell formula for “My Business” in column B is =24-sum(b2:b11)

7. The C2 cell formula for column C as a percentage of 24 hours is =b2/$b$b cell where it shows 24 hours.

8. To do the C2 percentage, go to Menu, Number, select Percentage from the pull down menu, your cell will now show the percentage.

9. Click the black square in the lower right corner in cell C2 and drag the formula from cell C2 to the bottom of the column.

10. Left click the mouse, hold and drag across the three columns A, B and C, and all rows except the last row.

11. Go to Insert, left click on the graph, select Pie, click #2-2D-Pie, go to the Design menu, select Chart Layouts, Layout 2 or 6.12. On the chart, change the chart title. Use the Chart Styles menu to change the colors to suit. 13. You now have your completed pie graph.

Easy Piesie!

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