Udemy - Essential Analytics For Solo And Small Business Owners

Essential Analytics For Solo And Small Business Owners



https://TutPig.com

Last updated 11/2015
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 2.00 GB | Duration: 4h 30m

Harness the power of Excel toolpak. ROCK your statistics! MASTER data driven decision making. Your success depends on it

What you'll learn
Build a basic analytics skill set crucial to small business success
Learn and practice charting techniques to visualize data
Understand variability - what it is, why it's killing your ability to recognize meaningful trends, and how to measure it
Learn why the shape, or frequency distribution of data is important
Practice finding frequency distribution of data sets using histogramming techniques
Learn simple tips on data collection and organization
Understand how to choose key performance measure(s) unique to your business
Create a model by "characterizing" those key business performance measures
Establish a performance baseline for your business
Learn methods and strategies to plan and implement change
Learn how to use a fishbone diagram proactively when planning change
Mathematically predict how long it will take to get statistically significant results
Learn to practice discipline and vigilance during change to reduce external influences
Understand and internalize that correlation and causation are different
Understand what "confidence level" means, and how much confidence is reasonable to expect
Learn step by step how to conduct a t-test on before-and-after data sets to see if they are different in a statistically significant way
Learn how to interpret t-test results
Understand the Pareto technique to create a long term success plan by prioritizing change
Understand why incremental failures can be constructive, and how to leverage that data to best advantage
Practice all the skills and techniques taught, start to finish, on two project businesses (using workbooks)
Requirements
Suitable for beginner Excel users.
Ideal for students who learn quickly when shown, and who appreciate lots of examples.
Description
This course teaches basics of business analytics, and translates that knowledge into practical application. Students will come away from this course knowing how to apply simple analysis tools to characterize key performance measures of their business both before and after a strategic change, and to expose and quantify statistically significant results even in the most variable business climate. Students will learn that the critical need to differentiate a business introduces a complication: business strategies that work for the competitors might not work for them. A bit of trial and error is necessary. By designing a strategic approach and applying analytics as taught in this course, students will put their small or solo business on a steady upward trajectory.

Overview