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February 4, 2015

Chapter 6.2. 8 + 4 elements to consider when pricing your services.

Two post in one week? I know… But I want to cover several topics during this month and I prefer to talk about them in separate bog posts. And I think that pricing is a very interesting and controversial topic to explore, isn’t it? After having talked about why it is important to set up […]

February 3, 2015

Chapter 6.1. The importance of correct pricing for business success

The pricing of your translation and interpreting services is a key element to determine how profitable your business will be. However, sometimes it can be a bit difficult to do it right.

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 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 […]

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