5 Tips for Choosing the Best Excel Startup Financial Modelling Course
As a startup founder one definitely will appreciate the need for financial modeling. However, as an early-stage entrepreneur, one also needs to understand and acknowledge resource crunch and look at cost-effective tools to maintain the company’s finances. Almost all businesses that have initially started with low capital used MS Excel as their chief financial modeling platform and thus, it goes without saying that all founders need to understand Excel for maintaining financial records.
To tap into the full potential of MS Excel, you must arrange for the right and updated Excel training course for you and your current staff. And for that, you will have to find the best from the many Excel training courses that coach startup founders and employees in financial modeling. Here are 5 tips to choose the right course.
- Select that online site that teaches both beginner and advanced lessons
Although it is expected that that most of the employees you have chosen will have some basic Excel knowledge, you will have to agree that often, their knowledge might need some revisiting. So, pick among those Microsoft Excel courses online that start from the basics and end with advanced. Choose a course that specifically trains and teaches the nuances of startup finance management. Research once and earn on invested time.
- Make sure formatting forms an essential part of the course
Almost all excel financial modeling courses train about the built-in mathematical functions and advanced search features, but formatting holds primary importance in financial modeling. Even if one employee in your new company is oblivious to proper formatting techniques, he/she might leave the whole system prone to continuous human errors.
- Look into the course methodology
A startup cannot afford to have training that goes on forever or allow weeks to each employee to upskill themselves. Startups need to move fast. Choose a training course that will be fast and realistic and is also application-oriented and effective. While shopping for the best Excel training courses, pitch for the course methodology that teaches complete business finance fundaments for startups.
- Read the instructor’s portfolio
Any course is as good as the instructor. And primarily, the course’s instructor that you intend to select for your business must either have startup experience or at least possess an entrepreneurial mindset. Only then can the lessons be case-study based. Only then will your employees sync with the educator and learn on startup lines. Avoid ignoring the instructor’s portfolio by terming it as unimportant.
- Certification is always important
If your employees are undertaking Microsoft Excel courses online, it is best to take a course that offers completion certificates. Certification will act as intrinsic motivation for your staff as it is an addition to the person’s CV. They will feel free in your working ambiance. Choosing a certification course will show your employees that you are investing in them and they will automatically deliver results.
Skillfin Learning, a leading global online training provider, offers various financial modeling and business planning, forecasting and valuation courses for startups.