Translation services are a very particular type of business. That means to run them successfully and make a profit you need a very particular set of skills. Of course, part this is your talent in understanding something in one language and being able to convey it in another. However, don’t forget the business side of the equations either, as that is vital to thriving too. So, with that in mind
The title couldn’t be more true. You enter business with your focus purely on profit. Why wouldn’t you? There’s no better feeling than finding your feet, and making some good headway in terms of profit. But being money hungry and purely focused on that is some business’s downfall. All their attention will be on the money element, and they’ll fall short in other areas such as quality, customer service, or
Image Source Most businesses today don’t begin with a shop lease being signed and a store opening on the high street. The majority of businesses are now opening on ecommerce websites like these and are running out of offices and home offices. There’s nothing wrong with opening a business online, but when you do that while also having to hire out warehouse space for storage and you have to buy
Hotel Lobby. Source When done correctly, a hotel business can bring in loads of money. I’m sure you’ve all stayed in a hotel before and been amazed at how expensive it costs. Now, times what you paid by how many rooms are in the hotel, and you get a pretty massive figure. The take-home is large, but it’s not all sunshine and rainbows when running a hotel business. In fact,
When you run a business, your main aim is probably to make a profit. This may sound simplistic, but it can be really tough out there. Up to 90 percent of startups fail, so you’re doing well if you manage to survive the first stage. It’s not easy to turn a new venture into a profitable company, but one thing is for sure. Having a cohesive team behind you can
Credit In business, a sense of control is rarely a bad thing. The more in control you are, the more you are able to ensure that your customers are going to be satisfied. Control means you don’t have to leave anything up to chance; that you’re always going to be in the driving seat. Control is a good thing– but it’s notoriously hard to find in the ecommerce world. After
The business world is famous — or perhaps that should be infamous — for being cut-throat. Every business is trying to elevate itself; stand above the competition; be the business that survives despite the chance of failure. If you’re a small business owner, you will understand all of these desires. There’s only so many customers and clients to go around, and you want to ensure that your business is in
Image source When you are a startup, the struggle is real. You have a budget smaller than a thumbtack, an almost embarrassing lack of resources and fewer people to help than you care to admit, which wouldn’t be such a bad thing if it wasn’t such a bad thing. But right now, as it stands, you have zero chance of competing with the industry leaders out there. You know it
Most businesses are struggling to cover the cost of their workforce. Employees are demanding more and more benefits as well as higher salaries year on year. But it is this workforce that is directly responsible for the increase in profits that will cover those costs each year. So how can you be sure that you’re getting enough out of every worker? Motivation Or Inspiration? Most managers know that their input
Pexels All companies have a different attitude to what their office base should be like. In recent years, we’ve heard a lot about the Google offices. Their reputation for games and frivolity has been parodied multiple times by TV shows like Veep; there’s even been an entire movie with unconventional office design and environment as a key plot point. With these new and “innovative” office spaces becoming so