Did you know that MS Excel has a hidden, life altering Easter egg? This is a story of how I found it and discovered joy. Read on.
Almost an year ago, I have quit my job with one of the leading IT companies in the world, to embark on an uncertain but very exciting journey. I have started my own business around MS Excel – creating & selling awesome Excel products & training programs [visit our online store].
This is a continuation of the Chandoo.org Start-up Story posted around the same time last year. Grab a cup of coffee and read it in leisure. Do not expect any Excel tips. 🙂
[PS: if you are new to Chandoo.org, Read this and this before reading this post.]
What is it like to run a small business
When I wanted to leave a stable & well-paying job & start a business several things bothered me. What if my business never picks up? What if I do not generate enough money to sustain my family? What if I grow complacent & make mistakes? What if I get bored or lonely or get demotivated? What if I cannot handle the thousand little things that go in to running a business?
They say, leap and a net will appear. And leap I did. And just as if a switch is turned on, I found answers to all my doubts one by one. I discovered the joy in running a small business around my passion. I made mistakes, but I kept learning. I found help from friends. I made new friendships. I learned how to reduce, automate, outsource areas of work that are not critical. I hired people to help me with customer service & emails. And not one moment, I felt tired, bored or demotivated. In fact, I feel excited every single day about what I am doing.
How is my business doing?
Here is a quick summary of the business:
(April 2010 to March 2011)
- Total paying customers: 2,175 (Repeat customers: 175)
- Revenues: ~$200,000
- Top products – Excel School (743), PM Templates (1148), Dashboard Training (199)
- Consulting clients – Microsoft, Wao Marketing, eNor and more.
- Speaking & Training – Office 2010 Launch Event, International Excel Workshop @ Maldives
- Total Visitors to Chandoo.org – 2.5 Mn
- Visitors who spent more than 15 minutes on site – 787,000
- Number of comments received – 7,790
- Number of articles written – 217
- Press Coverage – MSN, Economic Times etc.
What did I learn in one year of doing this?
Many things. Hardly a week goes by without picking up some new skill or idea. But the most important things have to be,
It is not risky: I had this notion of taking huge risk by leaving a plush job. But then, the risk magically disappeared on day 2. Instead, I see immense opportunity for fun, knowledge, satisfaction and profit. All of which were not possible with my day job beyond certain extent. [Related: Is it scary to start?]
It does not take 80 hours per week: During the first 6 months, I used to work a lot. Most of the time I was inefficient. Then, I analyzed my time (in Excel, what else) and found that I could reduce the number of hours spent on e-mail and other activities to focus on what I love most – Excel, interacting with people and sharing new ideas. Now, I am spending <6 hours per day and I am happy with the results.
You need a supportive family: At least once a day, my son or daughter would walk up to my office-cum-guest-bedroom and knock on the doors, often violently, and scream – “daddy, da.” (meaning, Come out Daddy). Although, my heart would race to go out and hug them, I would say no and continue working.
There were days, when Jo (my wife) would feel lonely as I was locked inside the office room for a product launch or marathon recording session or crafting a dashboard etc.
But, thankfully, I have an understanding wife. So, they would be all smiles when I walk out. Also, I have learned to structure my working hours around my kids sleeping hours. For eg. I would get up at 4AM to do recording.
Saying NO is 100 times tougher than saying YES: While I feel immensely thankful for the growth in my business, it has also bought in a new challenge. There were too many opportunities. So many more than I can handle. I get requests for consulting, training, product development, testing, collaboration and more. Initially I used to say YES to everyone. Soon, I had a pipeline of things to do, with no clear plan on when I will finish everything. Then, I started being picky. I started accepting consulting work for projects which are challenging. I started collaborating with one company at a time. This reduced the workload. But the challenge of saying NO is so much more than YES.
Taking it easy is not so easy: When this blog was my side-business, I used to take it very easily. But during the initial months of making the switch, it was hard for me to take this easily. I would freak-out when my site went down, when a customer dis-liked my product or when I get an email with “Urgent” in the subject.
I learned to slow down things. For eg. I reduced the number of posts per week from 5 to 3. I also roped in more people. Hui, Paramdeep & a few guest authors to write on this blog. Ravindra to help me with emails & customer service. Naturally, this restored my sense of humor and ability to learn new things.
Ask and you shall receive: This is the most important lesson. I used to worry whether anyone would purchase my training or products. But then I realized that by just asking you to purchase, you would consider it. This is how I was able to generate revenues from Excel School, PM Templates and other products.
What next?
I am excited about the way my business has turned out. While I generally avoid from making long-term plans, here are a bunch of things I would continue to do,
- I would like to grow this business slowly and learn new things all along.
- I will continue to share my knowledge, mistakes and ideas with you.
- I will spend a great deal of time with Jo and kids. I love taking long walks with Jo, playing with kids.
- I like connecting with people all around the world and will continue to do so.
- I will continue making awesome products, training programs.
- We (our family) will continue to spend less, live meaningfully and give back a portion of what we make to society.
- I will continue to treat you, my dear reader, as my top-most priority.
Wishing you a happy Easter
I found an Easter egg in Excel. Instead of finding it on Easter day, I find it everyday. And I feel excited, fulfilled, grateful & honored.
I wish you will find your Easter egg. It might be in your profession, hobby, religion or community. I wish you will discover the same joy as I did and continue to spread it.
And if you have already found it, then I feel very happy for you.
Thank you.
Easter Egg photo from tillwe.
66 Responses to “Budget vs. Actual Charts – 14 Charting Ideas You can Use”
[...] Update: Check out the results at Budget vs. Actual Charts [...]
Hi there:
I'm interested in understanding exactly how contestants #'s 1, 8 got their surplus or shortfall to show up at the top of the bar (is this overlapped or stacked somehow) and change colour? I hope this makes sense. I've tried to find samples and I can see contestant 8 (cuboo) may have used something called graphomate but I can't use this.
I need to create a bar chart that shows budget, and actual variance whether it be a surplus or a shortfall and I would like make it look like option 1 or 8 above but haven't a clear idea how to do it...any help would be greatly appreciated!
Regards..Linwe
[...] heute können alle Beiträge auf “Pointy Haired Dilbert” gesichtet und bis zum 12.04. bewertet werden. Falls mein Vorschlag - Nr. 8 - gefällt, freue ich [...]
Danken Sie Excel friend!
#6 is the best here. Simple, no extraneous visual effects.
I was all set to vote for #9...until I noticed its lack of y-axis labels. So I have to go with #6 also.
I think #6,#9 is enough .
#9 is my favorite
Nice data/ink ratio 😉
I agree with Jon - #6 for me.
8 & 14
I go for # 9 (simple) and #14 (complete)
I go for cuboo #8
cheers
#6 for overview at a glance / top management
#8 for deeper analysis / those who need more detailed information
#14 although I think you only need the bottom panel and I then would stack the Center charts vertically to make Center comparisons easier.
#10 gets my vote.
If there is a second place, then #14
denise
Hi, if I was not wrong, Samples 3,4 and 5 were created using Tableau software and not Excel. For more information on Tableau you might want to visit http://www.tableausoftware.com/. It was initially designed by Prof. Pat Hanrahan and his PhD students. I am not their salesperson but I thought someone might want to know more about this particular technology.
Hi Tin Seong Kam:
Thanks - I have looked at Tableau before. I have also found the means to reproduce something similar to chart 8 without using graphomate, and also chart 7. I proposed chart 9 as well but the overlap is confusing to some.
I am really not too concerned about showing actual budget figures but the variance in $ and % is important for my particular use. That is why I gravitate to the charts that seem to easily tell us that we have a surplus or a shortfall.
Thanks!
Linwe
11, 6, 9 (presque pareil)
7 pour la clarté
cuboo #8 ist my favorite
best regards...
8
8 is fantastic
I prefer N#8 - N# 1,7 & 8 use the settings of Rolf Hichert...
6 : The GURU (read "Jon Peltier ") has spoken,
SOO easy on eyes!
Hi Chandoo,
I liked Cuboo's submission. So #8 gets my vote.
Regards,
Sumit
Number 8 by far. Even though it's not part of the data display, the comments feature sells me. Variance explanations are as important as the actual variances.
I visually prefer #8, but #3 is really easier to understand, even if it lacks a lot of information (inverting budget/actual), legend, etc...
[...] All in all there are several great entries suggesting a good variety to present budget vs. actual performance. Go check them out. [...]
[...] reshape, zoo by learnr A reader of a Pointy Haired Dilbert blog enquired about best ways to visualise budget vs. actual performance. In response PHD challenged his blog readers to contribute their visualisations made using Excel or [...]
anyone willing to post their xls for these? Some really excellent exmaples.
To avoid the summary execution of the person presenting these to an executive team these charts must handle overspending as well as underspending, be comprehensible in 5 seconds and show the key fact clearly. The key fact isn't budget or actual - it's the magnitude of the gap!
Therefore:
#14 for nailing the key fact and being able to handle overspending. The winner therefore.
#6 for nailing speed-reading and being able to handle overspending, but somewhat obscuring the key fact. Second place.
#8 for nailing information depth and aesthetics. Third place.
I really wanted #8 to win, but that's the technician's view not the end-user's.
[...] Todas as contribuições podem ser vistas no seguinte endereço: Budget vs. Actual Charts – 14 Options You can Use Posted on April 5th, 2009 http://chandoo.org/wp/2009/04/05/budget-vs-actual-charts/ [...]
Social comments and analytics for this post...
This post was mentioned on Twitter by NancyJHess: I like to explore fav tweets of those I follow. Here is one from DutchDriver http://twurl.nl/17eiap Creative visual charts: Budget vs Actual...
number 8
clean, full of info, qualitative as well as quantitative
Hi,
I Like 4 chart in above as per the following ratings:-
no 1# -> 14***
no 2# -> 7***
no 3 # -> 8**
no 4# -> 1.3**
I will be greateful if someone can send me the process of making all above 4 charts.
Virender
[...] Budget vs. Actual Values in Charts – 14 more options [...]
[...] Budget vs. Actual – 14 charting options [...]
Does anyone know what type of chart #6 is (chart name?)? Also, how do I create this is Excel 2007?
@Shazbot
I'd call it a Column and Bar chart, but don't get hungup on names
To make it try this:
Setup the chart as a Clustered Column Chart
Change the Series so there is 100% overlap, ie: One column is in front of the other
Change the Budget series to a line chart
Set the line color to none
Set the marker style to a Flat Line
Change the marker width to make it the same width as the bar
Change colors and other chart properties to suit
Does anyone have an idea on how to create chart #1?
Thanks
Caroline, please see the german page: http://www.hichert.com/de/software/exceldiagramme/55
there you can find the original example for nr1.
best regards,
stefan
Caroline
This is a Clustered Stacked Column Chart
Which has the column under the Shortfall/Excess colored the same as the Budget
Have a look here
http://chandoo.org/forums/topic/question-about-budget-v-actual
&
http://peltiertech.com/WordPress/clustered-stacked-column-charts/
Hi,
Is it possible to get the source files like the other visualisation challenge (on sales).
Thanks,
Vijay
Dear Chandoo,
I discovered your site by pure chance and I am really thrilled about it and I am learning a lot.
Is it possible to post the source file for this visualisation challenge?
Thanks,
Vijay
[...] Budget vs. Actual Charts in Excel [...]
Dear Chandoo,
How do I create Chart #10 (comparing Budget vs Actual Performaces) by cost center by quarter without the cumulative performance. Do you have an actual example that I could use?
Thanks,
Greg
HI
Does anyone can help me to a to create chart #7? I'm beginer in excel , I started to work two weeks ago and my boss ask me to follow the budget/actual until the end of the year.
SO I really need your help.
Thanks in advance
p.s Sorry for my english ( i'm french)
@OKI, Greg
I have made a mockup of #7 and #10
It is available at:
http://chandoo.org/wp/wp-content/uploads/2009/04/Bud-Act-visualizaion-challenge-7+10..xlsx
#10 is a straight, Pivot Chart/Table but the data has been rearranged to get it into the pivot table
#7 is 2 charts, being a simple Bar Chart and a Scatter Chart with 100% Error Bars
I have used Named Formulas for the two charts.
HELLO Hui
Thanks you very much for your hepl , i really appreciate
Have I nice week
Hi,
I was wondering how can you replicated chart 1.3? The bars looked like there overlapped on two different axis?
Tony
I think 1 & 3 are good.
Hi Chandoo,
Please can you provide a link of the excel sheet for 1. Chart "3 colors and everything is clear"
I would like to drill into the spreadsheet and learn the secrets as how the chart was made.
Many thanks,
Sawan
@Sawan
It is probably 12 seperate charts, I will assume snapped to the underlying cells to ensure they are the same size
The left 3 Charts have a vertical Axis
The bottom 4 Charts have a horizontal Axis
The remainder have no axis
The remaining text maynot be part of the charts but is probably cell content
Saludos,
Como puedo descargar estos maravillosos ejemplos para estudiarlos y analizarlos deseo aprender a realizar este tipo de graficas en Excel.
Gracias,
Dear Chandoo and Hui,
Please would you help me (step by step if possible) to create Chart #8?
Many thanks in advance!
Dear Chandoo,
I think chart #8 is really great. Would really appreciate if you can show basic step to create it.
Thanks 🙂
Hi all,
Is there any step by step tutorial to recreate the the chart #1 please?
Would really appreciate if someone could show me how it done.
Regards
Sawan
Can someone tell me how do you create chart number 2? Thanks!
Am I the only one that can not display any of the images? Would love to take a look at these. This is the ONLY page on the whole website I have had this issue with. 🙁
Dear All,
how can i create chart # 7? is there any link where i can subscribe to your website by paying a certain amount. i want to learn some good excel techniques.
please let me know.
Cant see the images 🙁
Where can I find the link to download some of the above charts?? these are extremely usefull chart and would like to utilize the same.
Waiting for the reply.
Thanks..
I am interested for # 1,6,7,8,9,10,11 its very exciting for me .
Hi,
Just wanted to check, is there any possibility that pivot table or drop down work in power point?
Regards
Satyapal
@Satyapal... you can only use static images or slide animations in Power Point. Not features like pivot tables or drop downs. However, you can embed the entire workbook (or sheet) in a presentation. When clicked this will just open Excel so your users can play with the data.
Is there any instalment kind of facility available for joining the online course of Rs.12000/-.
Regards
Ramesh N
Hi,
I badly want to replicate #10. Can someone help me.. I've checked google to help but I can't figure out how to add the total 🙁
Regards,
Tim