Excel Formula To Calculate Percentage Difference Between Two Numbers Doc Home Based Business – The Importance of MS Office Skills

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Home Based Business – The Importance of MS Office Skills

MS Office is a suite of interrelated desktop programs, applications and services for the computer operating system. It is especially suitable for online home businesses. It was introduced for Windows and Mac OS operating systems almost two decades ago. MS Office is a powerful tool that is of utmost importance in your home based business.

It has many office applications like Microsoft Word, Microsoft Excel and Microsoft PowerPoint that will help business enterprises on a daily basis.

Additional applications are greatly enhanced with tools such as spell checkers, forms of data integration, publishing features and document formats for small and large business enterprise setups.

Statistics show that about eight percent of business houses have the latest MS Office installations. MS Office skills can help a home-based business owner effectively deal with the entrepreneurial needs of data management with software tools for spreadsheets, documents and word processing.

Microsoft Office Applications:

– Microsoft Word is a word processor program that can be widely used for business applications. It has features like fonts, inserting tables, page breaks, charts, clip art and photo insertion, word art and many formatting options.

– Microsoft Excel is a spreadsheet program with tools such as custom functions, charting features and V-lookups. The above mentioned tools are very important for business development for home based business owners.

Business Presentation Tools:

– Microsoft PowerPoint application can be used by owners of business enterprises to create innovative product or service presentations for customers. For example: It can be used to provide an attractive online marketing plan.

– PowerPoint as a presentation program and it offers features to include images, text and graphics in slide shows. These slide shows can be displayed on the screen by the presenter for action demonstration. As a home business owner, you may need to make presentations to your customers about your products or services.

– PowerPoint is used by business owners to get product orders that exceed customer expectations and needs. Slides can also be used for webcasts to reach a larger audience of the target customer base.

– Home based business owners can use PowerPoint to save presentations in multiple file formats.

Lack of Operational Functions:

– A desktop publishing application known as Microsoft Publisher offers excellent user-friendliness with page layout and design for business problems.

– It features advanced capabilities such as coloring output, shading and transparency features that home-based enterprises cannot afford to hire professional designers for the preparation of marketing documents.

– Microsoft Office accounting software can be used for home and small business units employing a limited number of employees.

– A free version of the software mentioned above is available for home business enterprises.

– The latest version of the above accounting software offers advanced features such as tax preparation tools, foreign language packs and report generation tools are available.

To simplify communication:

– Microsoft Outlook can be used as personal data manager and communication software. Available features are calendar, task manager, e-mail and address book.

– Microsoft Office Communicator can be used to integrate meetings and conferences with clients in real time.

– Server applications like Live Small Business, Live Workspace and Live Meeting can greatly benefit online home based business owners to provide virtual services.

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