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Overall most people tend to learn better this way rather than trying to learn all Excel formulas at the same time as this can be very confusing. Most of us tend to learn in smaller packages of information and you should look for a course of instruction that will allow you to do this. As you are learning to use Excel you should of course start by learning to use the formulas that you are actually using or are likely to have need of in the immediate future.

When presenting your business plan to an angel investor you must understand that they will be very interested in your spreadsheets and proformas, but you must also realize that it is typically an entrepreneurial optimistic approach, which causes problems with proformas. Therefore, you should have dueling spreadsheets; that is to say the spreadsheets, which take your best guess and double the time, double the expenses to compete with your optimistic approach. You should be able to present both of these to your Angel Investor; who chances are is a retired business person with a little bit of financial savvy.

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