Excel is a great digital tool to help me run the “Heat It Up” business. It can thoroughly organize the large amount of data I will collect on the company. As data is received from different store locations, it can be inputted into the Excel charts and spreadsheets to allow for further manipulation of the data.
More so, Excel will allow me to do a test to determine which months, during the winter, my apparel sold the most, as well as which apparel (coats, gloves, scarves etc.) did the best in stores. In addition, based on the price each item is sold for I can calculate the profit margins and determine if price adjustments need to be made. Since the city of Syracuse is known for its cold and snowy winters, I will be documenting the information based on this city.
After one year, I will continue using Excel in documenting the company’s business, but on a larger scale. Overall, Excel will keep my business organized. Weather calculating or creating data charts, using the Excel program versus doing it by hand, will allow me to make fewer mistakes and be more efficient.
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