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This question already has an answer here:

Is there a way to add text before the hyperlink?

So for example:

This section needs reworking. You can find the section HERE.

HERE would be the text replacement for the actual link. The actual text would read like this.

This section needs reworking. You can find the section =HYPERLINK("www.yourlink.com", "HERE").

When I try this is does not work, so I am thinking if there is a way it might use some different code.

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marked as duplicate by serenesat, Al E., ᴡᴏʀᴅs, jonsca Feb 18 at 23:39

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.

It's official. This cannot be done.

Like the other types of data and cell formatting, links in spreadsheets must be assigned to an entire cell, you cannot have just part of the text inside a cell be hyperlinked.

The source document is linked to from edutraining.googleapps.com.

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William, your link is broken. You have a good link? – Robert Cartaino Jan 24 '14 at 2:10
The "Like other types of data and cell formatting" is no longer true. You can now apply character formatting (bold, italic, underline, etc) to any number of characters in a cell, rather than all characters. The same "should" be true for hyperlinks, but isn't :-] – dougkramer Mar 6 at 4:55

That's how you do it, but you have an extra space. It should be: =HYPERLINK("www.yourlink.com","HERE")

I do this all the time with FB links: =HYPERLINK("http://www.facebook.com/profile.php?id=xxxxxxxxxxxxx","FB Link")

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That's not what the OP is asking for.. please go through the FAQ (webapps.stackexchange.com/faq) as well. This is not a usual forum site :) – Lipis Mar 31 '12 at 16:51

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