By . Tracking Spreadsheet. At Friday, April 30th 2021, 03:55:12 AM.
Goals take time to achieve and big goals take bigger time to achieve. Often we set lofty goals for ourselves but get overwhelmed by how we can possibly get all of It done, or if we are actually making any progress towards these goals after all of this effort. Both of these concerns can be overcome by creating a goal spreadsheet to track our goals, our progress towards them and the tasks needed to get to these goals. It is easy to set up a goals spreadsheet and it can make achieving the goals much more efficient. Know your goals Before you can start to create an effective goals spreadsheet you first must know your goals. I know this sounds simplistic, but if you do not know where you are heading the goals spreadsheet will be unable to get you there. If you do not know your destination the map is irrelevant, if you are driving from Chicago to St. Louis a map of the East coast cannot help you. The map is only as good as the final destination the map is designed to direct you towards.
After being rejected and coddled by the market one too many times, I came to the realization that I was literally spinning my wheels with no chance to succeed unless I could figure out exactly what was adding to my bottom line and conversely, what was keeping me from being just another "break-even" trader. I had already created a simple trading spreadsheet that told me the basics, but I had no way of tracking the overall performance of my trading activities. I finally resolved never to take another trade unless the primary reasons for taking it could be analyzed over a sample number of trades. The result? I created a multiple categorical performance tracking sheet that would soon have me climbing the ladder of success. Lots of work and planning went into this project, but afterward I had concrete evidence that told me when I should step on the gas, or when to put on the brakes. What I created told me key statistics in six different categories, which led to a confidence boost that cannot be described.
In todays economy, competitive landscape, and accountability standards you must have the data. Managers are getting blindsided because they do not know what is coming and what is going on. This is where the right project management software tool shines and spreadsheets fade. A good project management tool will be database-oriented and should allow for different types of ad hoc reporting across multiple projects. This enables the mining of all kinds of data. You simply cannot do this in a spreadsheet at the same level. If you really, really know what you are doing it is possible to tie spreadsheets together and generate some integrated data. But that is not the same thing. You simply cannot, on a whim, mine into the data represented in your multiple spreadsheets. And in todays environment, this is critically important. Gone are the days when not having the right data is acceptable.