As a business owner you want to make money from every client you work with. Yet quite often, that is not the case. Let me suggest a systematic approach to resolving this issue.
Thinking about researching the expected changes in the 2019 LSP market? Don’t fret, we’ve done it for you! Sit back, relax and read about the coming opportunities.
As we approach winter and Christmastime, it’s the perfect time for a summary of our yearly achievements. It was a very intensive, and at the same time, the best year ever for XTRF! We worked on a number of internal initiatives, developments and made overall progress in all the departments of our almost 70-people organization.
It’s fairly easy to know the margin on a project when you have the word rate you pay and your sales price per word. But when you think about it – that’s just the linguistic margin and, while it can be good enough to tell whether a project is profitable, it does not tell you too much about the profitability of the whole account.
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.
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.
Automation is a very hot topic these days. Individuals and whole companies feel that they need to automate. With less and less time, automation is one of the main reasons why people are interested in new technologies and systems. At the same time, I often meet clients who wish to automate almost everything.
Vendor management can be regarded as one of the most important tasks of a translation agency. After all, the core of the business resides in the effective reselling of the work of your vendors, as a result, any inefficiencies in managing them must have a direct impact on your bottom line and your results.