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Translation Services Small Business Idea

The Pros and Cons of Starting a Translation Services Business

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If you are fluent in more than one language and can efficiently translate from one language to another, a small business providing translation services could be the perfect small business for you.

The Pros

Some of the benefits you may experience if you start a translation service include:

  • Startup costs are very low.
  • It's a great home-based business, especially because you can work via the Internet.
  • Overhead costs are very low, and you have the potential to make significant profits.
  • You have a very broad target market, including legal, commercial, medical, technical editing, interpretation and more.
  • There is a growing demand for translators in our global community.
  • You can operate solo, or manage a group of translators, even if you are not a translator yourself.

The Cons

Some of the potential challenges of starting a translation business include:

  • You must have complete and thorough command of whatever languages you plan to offer translation services for.
  • Among your competition may be computerized translation programs and voice recognition technology.
  • It can take some time to establish the business, depending on your location.
  • You may want to become certified before offering your services.
  • You need standard office equipment, including a computer with an Internet connection and possibly transcription equipment if you will be doing audio translation from tapes.

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