This course is designed to facilitate recently qualified translators to become freelance professionals, to go through the process of setting up a translation business, or for existing translators who are relatively inexperienced to acquire essential business knowledge and receive the support that they need to establish themselves, to find work and succeed in a competitive marketplace.
To establish and promote an awareness of their role in the industry and marketplace and help to provide a solid ground for maintaining a healthy work-life balance, and to enable all participants to take their professional practice forward.
The participant is likely to be:
A recent graduate in translation, who may have completed a BA or MA in translation or similar, who intends to set up a business or freelance practice.
A freelancer translator or translation business owner, manager or employee who is relatively inexperienced, as this module would also provide a useful refresher for a translator who feels the need to go back to business basics.
Delivered by experienced tutors to workshop groups, this module covers fundamentals for those who are new to business or relatively inexperienced in the translation industry.
It offers support and motivation together with up to date insights and practical, actionable techniques, helping the professional translator to become profitable and sustainable in both the short and long term.
At the end of this module, students will be able to:
- Plan effectively and practically for their translation business.
- Set up as a freelance translator or small business (if they have not already done so).
- Understand the importance of costing, pricing and cash flow.
- Introduce the concept of branding and its impact on all business.
- Consider their positioning in the supply chain and its impact on project management for agencies and direct clients.
- Research and segment potential customer demographic groups.
- Apply project, time and other management techniques to their own situation.
- Manage workload, maintain motivation and work-life balance.
- Appreciate the industry standards for professional conduct.
- Use traditional and digital networking for business appropriate to the industry and marketplace.
- Plan for implementation of marketing, choosing the techniques most suited to them as individuals, both digital and traditional.
- Demonstrate an understanding of legal compliance for business relative to their plans.
- Gain insights into the challenges of self-employment and business ownership.