Starting a small business so you will be your own boss. How does that sound to you?
If you like the idea of being a translator but are not so sure about working in-house at a large company or for a translation firm, you may find that it is a good time to strike out on your own!
More and more people these days are interested in starting their own small business and translation is an industry that is very well geared for it. It is one of the most affordable home based business opportunities.
Don’t confuse home based job opportunities, jobs from home, online home jobs with a home based business. When you have a job, you are basically waiting for things to happen. But when you run a business, you are in the driver’s seat.
Here are a few things you should keep in mind during a home based business start up.
- The first thing when starting a small business is to decide the scope of your business.
Consider where your expertise is or could be. For instance, do you do most of your work in commercial translation or in technical or medical fields? Do you have a lot of experience with legal documents?
Many small translation businesses struggle or even fail because they only offer one type of product or service. By doing that they lose the continuity of income and have to constantly look for new clients. That is tough!
- Try to create different levels of language services and products.
That way you get more repeat customers. It’s one of the most important steps to a successful translation business.
- Starting a small business begins with a good business plan.
Not only will it help you set goals for your business, but it will also require a realistic budget. You can use a business plan to gauge your success and your needs.
- Talk to your potential clients.
Before starting a small business, you have to understand what potential clients want and need, what their problems are. Provide services and products that cater to their needs.
- Keep yourself updated with current information in the industry.
- Make you and your business visible.
Do everything you can to be known. You should network regularly, weekly preferably.
Get online and look at the forums that translators hang out on and also look on forums for people who have posted work. Join some local chamber of commerce and business group events and introduce yourself to others with a well-prepared entry speech.
The internet is an amazing resource if you are looking at getting started with a small translation business and it is one medium that you are going to need to be fluent in.
Take advantage of the social media and blogs as well. Send articles to related websites, newspapers and magazines. Send emails or letters to your friends and family regarding you and your business.
Ask for referrals
This is just the beginning of starting a small translation business. When you are interested in moving forward, make sure that you look for all resources are out there to help you.
Getting a good start can make the difference between a business that just takes off and one that flounders, so be clear on how you want to move forward.
You can also grab a copy of my ebook and cash in on this business new opportunity with your language talent and skills