Do You Control the Cash Flow Efficiently?

In the language industry it is not unusual for a translation agency to pay its providers before getting paid by the customer.

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7 Steps to Grow Your Translation Business

Each industry has its specifics. But running a good business often comes down to following a narrow set of guidelines. Here are the 7 most important ones that are directly applicable to the management of a Translation Agency.

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How to Approach Translation Process Automation<br> for the First Time

More and more projects keep coming. The deadlines are tight and getting tighter. It seems that regardless of how much effort and time you put into your work, there is no way you can come out ahead.

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How to Drop “minimum Charges”, Keep Customers and Profit

In the past, technical documentation used to be written like a book. The author tried to describe the product, its features, maintenance, repairs, etc. Each operating manual was slightly different.

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3 Ways of Dealing With the Translation Market Price Pressure

You completed a whole stack of projects and got through a mountain of work. But at the end of the day the financial results do not reflect your efforts.

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How to Get More Done With Less Effort

One of the main challenges we face is the influx of numerous small projects, which can hurt our bottom line. Every small request becomes a project in its own right.

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How to Win Customers With the Best Deadlines,<br/> Not the Lowest Rates

Is there any other way of winning a new client, other than by offering the lowest rates? I have spoken with dozens of translation company owners and I often ask them what their main current challenge is. Their answer comes back like a mantra, ”Price pressure!”.

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Keep an Eye on the KPI

Key Performance Indicators (KPIs) are a crucial company management tool. However, we found that defining KPIs that provide a useful view of a company’s performance is not an easy task.

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How to Reduce Your Operational Costs in 5 Easy Steps

There are two ways of growing business profits: increase sales and reduce costs. A wise reduction of costs is key to improving customer satisfaction, winning customer loyalty and growing your business in the long term.

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Scale or Fail

The language industry – a broad term that includes all translation, interpreting, localization, globalization, transcreation, internationalization, etc. services – is a very strange business.

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