Measure growth using a formula in Microsoft Excel

Want to track how well your business is growing? You can with a growth formula. To get started, enter data from two comparable periods. For example, you might want to see income growth from year to year, or new customers from month to month.

growth formula

The example I’m using tracks growth in employees. First I  clicked on cell D2 where I want my calculation. I entered =(C2-B2)/B2 in the formula bar. Another way to look at this is =(current-previous)/previous. Once you enter the formula, format the result with the percent style as shown in the diagram.

The spreadsheet example lists 65 employees last year (cell B2) and this year we have 82 employees (cell C2).  The insight I take away from this that we experienced a 26% growth in employee additions.

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About Steve Chase

I want to help you work in your business, so you can work on your business. I want to help you achieve your goals and help you have a successful small business journey. I understand that keeping up with the latest technology and cloud based computer trends can be difficult, when you’re running your day to day business. But, it is crucial that you keep up with the technology and best understand your options, in order to thrive in this new era of online business. I can help you discover the right software and tools for your business, train your team on how to use them, and mentor you to best serve and delight your customers. My certifications include: QuickBooks ProAdvisor, Microsoft Office Specialist Master, and OntraPort Certified Consultant. Please contact me on my new website at www.sequentiasolutions.com
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