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November 27, 2014

Chapter 3.4. 5 tips to implement your financial plan.

We have our brand new financial plan crafted and ready to be implemented. But, how do we do that? Collecting data is essential but it is useless if we do not learn how to use it to improve our business. Here you have some ways to implement your financial plan. Look at these pieces of […]

November 20, 2014

The National Freelancers Day in Edinburgh. #NFD2014

Yesterday, I had the pleasure to attend to the event of the National Freelancers Day held in Edinburgh. I have to say that I cannot be proud enough to be one of the 4.6 million freelancers in the UK that are pushing its economy onwards. 

November 19, 2014

Chapter 3.3. Cash-flow forecast and the breaking-even point. What does that mean for a translator?

Once that we have the first part of our financial plan crafted, the next step is to think about the cash flow forecast and the break-even analysis.

November 12, 2014

Chapter 3.2. Business set-up costs and sales and expenses forecast

Once that we are aware of why a financial plan is important for translators and that we know the goals that we want to achieve through this plan. It is high time to start crafting our own financial plan. Before we start, I wanted to clarify that I am not an accountant, so I am […]

November 4, 2014

Chapter 3.1. Financial plan. Do translators even need it?

That was a real answer from a colleague with whom I talked about financial planning. My answer: A financial plan is essential when we are running our own business. Let’s start for the basics…

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