It’s crazy to think using Excel has become as common as email and used in any job, any role, across the world. Learning to use Excel can save you tremendous time by allowing you to conduct simple analysis which is almost required for building your business in today’s data-oriented world. Today I’ll mention 4 formulas that you can add to your toolkit in any job or entrepreneurial venture.

Vlookups (Xlookup)

Knowing how to use Xloopup will dramatically reduce the time it takes to look for specific data in large datasets. Microsoft just released an upgrade to the Vlookup which is called the Xlookup. Basically these forumlas help you find things in your table or a range by row.

Sumifs

The Sumif formula is pretty straightforward. The formula sums a column based on a certain criteria. The magic behind the sumifs forumla is if you are able to build it into a weekly or monthly reporting dashboard which would help make your job a lot easier.

Pivot tables

Pivot tables are an excellent way of exploring a dataset to try and find trends or answers to what happened. It allows you to analyze, explore, and present summary data for a given dataset.

Regression analysis (forecasting)

If you are in a role where you need to forecast, using the regression analysis can help you predict the future by using statistics. Many people often do not know how to use regression when forecasting sales for example so knowing how to perform this analysis will give you a huge step up.

Conclusion

Excel has been used for ages and is still extremely popular in company’s all over the world. By learning and practicing the 4 formulas above, you are on the right track to take your work to the next level. If there are formulas you think should be on the list, comment down below.