Microsoft Excel 2003 has become the spreadsheet of choice for over 80% of corporate businesses around the world. One of the clear advantages of using Microsoft Excel 2003 over other spreadsheeting programs is the ability to have multiple people entering information into the same spreadsheet. This function in Microsoft Excel is called Shared Workbooks and we will go through how to setup this capability in this article.
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.