This is a handy tip that a lot of people don't know:

• You can actually format the text within a cell

Here's a screen shot of what it looks like:

Here's how to do it:

1. Double click on the cell containing the text
2. Double click on the word you want to format  (or select the words)
3. Right click => format cells
4. You can now format each word or words separately.

Download sheet to practise how to Format Text In A Cell in Excel

Training Video on how to Format Text In A Cell in Excel: