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Poll: Do you have a written business plan? Лице кое објавува дискусија: ProZ.com Staff
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This forum topic is for the discussion of the poll question "Do you have a written business plan?".
View the poll results »
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David Wright 
Австрија
Local time: 22:50
германски на англиски
+ ...
(or do you mean "I plan to work until I retire/win the lottery/marry a rich widow?)
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LingoKat
Германија
Local time: 22:50
француски на германски
+ ...
exactly would be the use of having a written business plan?
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Kitty Brussaard
Холандија
Local time: 22:50
Член (2009)
англиски на холандски
+ ...
A written business plan is usually required in order to obtain financing from banks or similar business loan providers. Apparently, most translators participating in the poll run their business on a self-financed basis.
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It's in my head. I even dream about it:
MAKE MORE MONEY!
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Stephen McCann
Шпанија
Local time: 22:50
Член (2003)
шпански на англиски
+ ...
My business plan is: "Translate. Get paid". No need to write it down (until now).
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John Cutler
Шпанија
Local time: 22:50
шпански на англиски
+ ...
Stephen McCann wrote:
My business plan is: "Translate. Get paid". No need to write it down (until now).
That about sums it up for me too.
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neilmac
Шпанија
Local time: 22:50
шпански на англиски
+ ...
LOL! A what now?
Am far too busy actually working ...
I live in Spain, and the only way to "obtain financing from banks or similar business loan providers" nowadays is to burst in with a shortgun and balaclava.
[Edited at 2012-09-05 09:57 GMT]
(shortguns are much nicer than shotguns)
[Edited at 2012-09-05 09:58 GMT]
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| Yes, but it's about 1/3 of a page long | Sep 5, 2012 |
Hello,
I do actually still have a very formal business plan from when I started out, because I applied for and received funding for starting my business. It was a very helpful process and I would certainly recommend something along these lines to everyone.
My current written business plan, however, consists only of:
(1) a goal for my average earnings per word
(2) my goal for earnings per paid hour of work
(3) number of words I have to translate per ho... See more Hello,
I do actually still have a very formal business plan from when I started out, because I applied for and received funding for starting my business. It was a very helpful process and I would certainly recommend something along these lines to everyone.
My current written business plan, however, consists only of:
(1) a goal for my average earnings per word
(2) my goal for earnings per paid hour of work
(3) number of words I have to translate per hour when charging at various rates
(4) my goal for total number of hours of work next year
(5) my goal for number of paid hours among total hours of work
(6) goal for annual earnings
(7) goal for annual profit
(8) list of regular clients and market segments that are below my current goal for average earnings per word or hour
The key is then to actively record how much time I need for each translation and for individual stages of the translation process - and I have to admit that I often end up simply losing interest in recording the data. However, I try to record at least half of my jobs.
The point is then also making sense out of the data that my accounting software does a decent job of gathering and sending out advertising material to the customers that it says I ought to pursue. Here again, because things are going OK, I don't do anything vaguely resembling what I ought to - but hope springs eternal.
Sincerely,
Michael ▲ Collapse
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Thayenga
Германија
Local time: 22:50
Член (2009)
англиски на германски
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John Cutler wrote:
Stephen McCann wrote:
My business plan is: "Translate. Get paid". No need to write it down (until now).
That about sums it up for me too.
It does indeed. So instead of spending my time writing a business plan I spend it on...doing business.
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did have one years ago, but only so that I could get government funding
Have not seen it since then ....
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Parrot
Шпанија
Local time: 22:50
шпански на англиски
+ ...
Unless you can call 6 lines of Excel a business plan.
Tax laws over here require following certain statistics. For instance, as of last count, I've changed status from Liberal Professional to Exporter
But it's all more or less about what Michael says. Only, I don't call them "goals" but projections. For orientation purposes.
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John Cutler wrote:
Stephen McCann wrote:
My business plan is: "Translate. Get paid". No need to write it down (until now).
That about sums it up for me too.
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DianeGM
Local time: 23:50
холандски на англиски
+ ...
To what Neilmac said ... except I'm in Greece and the same applies here
... shortguns may even become popular here too.
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William Murphy
Италија
Local time: 22:50
Член (2009)
италијански на англиски
+ ...
neilmac wrote:
(shortguns are much nicer than shotguns)
They're much easier to conceal too.
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