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Running translation business
Oleh:
Franklin, Benjamin
Jenis:
Article from Books - Textbook
Dalam koleksi:
A Practical Guide for Translators
,
page 43-64.
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4. Running....pdf
(406.81KB)
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418.02 SAM p
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I would like to quote the Open Business School (part of the Open University): ‘Running a business can be a dangerous activity for yourself and for others – just ask any of the 170,000 businesses that cease trading each year. In fact it is estimated that one in three businesses cease trading within their fi rst three years of existence – and two in three within their fi rst 10 years. And yet, although you need a licence to drive a car or fl y a plane, you need nothing but reckless nerve and a fi rst client to start a business.’ This chapter is intended for those who plan to work on their own rather than for those setting up a translation agency. Those who intend developing their enterprise as a translation agency or company might wish to read the sequel to this book entitled Managing Translation Services. See ‘Further reading’ in the appendix. Make sure you understand the implications and responsibilities of running a business before you commit yourself. The business world can be very harsh and can show very little sympathy. Make sure that you have written terms and conditions of doing business that you can apply. However, it is not enough to make a unilateral declaration of your terms and conditions. They have to be accepted in writing by your client in order to be valid. Quite often, a client will attempt to impose his terms. The important consideration is to work to a mutually agreed set of terms. Then, if a delay in payment occurs, you will at least have this as a basis for voicing your concern. More on this, however, in Chapter 10, What to do if things go wrong. The simplest type of business is operating as a ‘sole proprietor’. This incurs the least amount of administration and the fewest legal formalities. It may be appropriate to engage an accountant when registering your business. He will be able to advise you on whether it would be appropriate to register as a sole trader business or a limited company. I would recommend the latter for a number of reasons even though the amount of bureaucracy is greater. You can purchase what is referred to as an ‘off-the-shelf company’. This is a registered company that is not active and has been formed by an agent so that it can be sold for a small amount of money and then restructured in the simplest format as your company with you as its sole director. You will however have to appoint a company secretary. What is really essential is getting impartial advice and guidance.
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