A Translation Management System (TMS) can provide you with immediate information on your business. More sophisticated TMS tools even provide a range of required reports.
As a rule, translation agencies are started by professional translators, not professional managers. In fact, less than 10% are established by business people. The majority of them developed from one-person ”agencies” which were launched, managed and grown by translators.
When I meet translation company owners I often hear them say, ”We are a small translation company”. There are so many of them who have great potential, are great leaders and have great teams. But still, they decide to stay small.
A typical translation project has changed over the years. Now, it is usually small, rushed, cheap, has little context and needs many language combinations.