Week 2- Using Excel in the workplace

I figured out a name for my entrepreneurship idea, collegetext. My url can be www.collegetext.com. Since this website is for college students, I would like the staff to start off with all college students. Because this website will be making a profit (hopefully!), I will have to keep track of the fiances, all the highs and lows. Excel will be perfect for keeping track of everything. When I look for students to help with the website, they will need to know how to use excel, as well as knowing how to use the computer and the resources on the internet well.

I do not think there will be much of a profit in the beginning of the website. Every business takes a while to grow and prosper. Because there will be a lot of lows, I will definitely have to track everything so when the website DOES begin to make a profit, I will be about to figure it out. I think the charts on excel are excellent for businesses because they are easy to make and maneuver. They are also easy to read and analyze. I will make charts for every month with all the sales and losses. The great thing about excel is that I can figure out the sums, averages and more with a click of the mouse. I am not amazing at using excel yet but I am getting used to it.

I am definitely good with Microsoft word and powerpoint. Powerpoint will be useful for making presentations to my staff members and even potential clients that will pay to have their advertisements on www.collegetext.com. I can include the charts from excel into the powerpoint presentations to show the increase in profits and how collegetext is growing. Advertisements will bring more profit to the website but first, we will have to bring the companies to us. The website has to be successful if we want the advertisements to come. Because I want advertisements on the website, I will have to put advertisements on other websites to attract buyers and sellers. I will put advertisements on social websites where college students are found such as twitter, facebook and tumblr. I will have to keep thinking of new ideas to make the website grow bigger and bigger. Technology is always improving and the only way to keep up is to improve with it. No company can make profit if they never have new ways to attract customers and keep their original ones.

Since excel will be a big part of www.collegetext.com, I will have to learn excel inside and out. This website is my idea so I will have to understand how everything works. Sure I can get someone to help me out but it is my idea and my plan. I want to know how everything works and not just rely on so many other people.