
- 160 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Managing Translation Services
About this book
This is a sequel to the author's best-selling A Practical Guide for Translators first published in 1993 and now in its 4th edition. Managing Translation Services looks at how to successfully make the change from being a single freelance translator to developing a translation company offering a range of value added services. The book is intended principally for those who presently work as a freelance translator with all the inherent limitations this presents in terms of income and being reliant on the limited range of skills that the individual can offer. While some business skills will have been accumulated by virtue of working in a commercial environment, the transition from being responsible for oneself and taking the bold step of employing additional resources can be quite daunting. However, the opportunities this offers in terms of income and personal satisfaction are considerable. This book considers the initial Ssteps towards business development, exploiting these opportunities and the rewards they can offer. Advice is given on setting up a translation business, organisational development, what a business plan needs to consider for successful growth, how quality management needs to be approached, managing human resources, customer relations and other topics. The book provides a wealth of ready-made examples of quality procedures, forms that support business management and sources of further information. It also considers an exit strategy and related long-term planning when disposing of the business. Managing Translation Services is based on the many years of experience gained by the author working as a staff translator, freelance translator, university lecturer in translation studies, and former head of an award-winning, ISO 9001 accredited company. As a result, it covers a range of management issues relating to providing professional translation services.
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Information
1 Introduction
Setting up a translation business
Summary of tasks for setting up a company
1. What are you going to call your organisation?
- This should reflect professionalism from the outset.
- It should give an indication of what your organisation does.
- It will probably be limited company (Ltd) registered for VAT ā this engenders confidence among customers. See Section 3 below.
2. Have you appointed an accountant?
- If you have decided to form a limited company you will need to appoint an accountant/auditor He will be able to deal with the formalities of registering a company for you You can do this as a āone-man-bandā with a single director and a company secretary Rather than thinking āone-man-bandā think micro-company A potential customer is interested in what you can offer and is less concerned how you do this initially.
- It is useful to have an accountant even if you set up a sole trader business since he will be able to advise you on how you can operate your business in a tax-efficient manner Separating business income and expenditure from your private affairs can be difficult. What you might pay out for the services of an accountant is well spent since this allows you to do what you are good at and leaves dealing with the authorities to somebody with the appropriate skills.
- Your accountant will be able to advise you on any changes in legislation that you may not be aware of He will also prompt you when you need to make submissions to the Inland Revenue and other authorities You have to consider your priorities.
3. Inform the appropriate authorities that you intend starting up in business
- Inform the Inland Revenue that you intend starting a business and that you wish to register for tax purposes.
- Inform Customs and Excise that you wish to register for Value Added Tax purposes Your annual turnover may initially be lower than the threshold level for obligatory registration but being registered will allow you to reclaim Value Added Tax on purchases on a quarterly basis rather than considering expenditure at the end of your financial year.
4. Data protection
5. What service do you plan to offer initially?
| Specialised services with a narrow scope | āAll subjects in all languagesā |
| Advantages | |
| You can remain within the scope of your own skills (linguistic and subject range) and be confident of the quality you can provide. Your marketing will be focused since you will be able to identify your target market more easily. This is a company that you can run on your own and work within your own limitations | Providing you have the resources your scope is virtually unlimited. |
| Limitations | |
| Most translation companies offer a range of the most common languages plus a broad subject range. As a consequence you will be at a competitive disadvantage if your scope is narrow. | It would be unwise to offer all subjects and languages unless you have a database of freelance or staff resources that can provide quality trans... |
Table of contents
- Coverpage
- Series Editor
- Titlepage
- Copyright
- Contents
- List of Figures
- Foreword
- Dedication
- Preface
- 1 Introduction
- 2 Organisational Development
- 3 The Business Plan
- 4 An Introduction to Quality Management
- 5 Quality Procedures
- 6 Work Instructions
- 7 Managing Human Resources
- 8 Customer Relations
- 9 Your Exit Strategy
- 10 References
- 11 Reading List
- 12 Appendices
- Index