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Steve Friedman from Rockstar Excel presents a bonus tutorial on standardizing names in Excel. He demonstrates how to convert names into first initial last name format using the LEFT function for text manipulation. Start with first and last names in separate columns, apply the LEFT function to extract the first initial, concatenate it with the last name, and fill down to standardize all names. This method works for converting names to the first initial last name format. Converting from this format to others would require the full first name. Watch the main video for more details on standardizing names.