3. Why do spreadsheets make good models?

Spreadsheets are excellent for modelling because you can keep testing out different scenarios until you find one you are happy with.

For example, you could see what effect it will have on your profit if you dismiss one, two or even three staff.

You can keep adjusting the model until you get the result that suits your business.

At this stage, it is only numbers in a spreadsheet, you are not risking your business or upsetting your staff. But you will get an idea of what might happen if you go ahead and make the changes for real.

 

Challenge see if you can find out one extra fact on this topic that we haven't already told you

Click on this link: Business Modelling