Being a bilingual or a trilingual is a blessing and it might be envious for people who have been trying to learn different languages for years. And if you are from the blessed ones then opening a small firm for starters of course would make you some major cash within a few months depending upon your charge list and the kind of your advertisement and it would be perfect small business for you. But before starting any business you should have a rain check on every aspect of the business. Considering pros and cons of any thing is a good precaution and shows your professional side.
There are many benefits if you consider to start such firm; first of all, it can cost very less in terms of investment. If you don’t have that much investment too, you start a business which can be home-based as well. All you will need to start a home-based legal translation company; a good computer and fast internet at all times. Since you need any other kind of hardware all your profit-making is done by your skills only. You can target different areas or fields like, legal matters, medical terms and conditions, commercial, interpreting, technical, editing, and the list goes on. You can make different connections with off shore clients. You get to control your schedule if you run the company from home. People think that running a company from home is a piece of cake but one has to give proper time just like any other CEO. One has to give total focus and time. But the best thing is you get to where whatever you like and eat whenever you want. Some companies are also working Google where they have a team of translators who translate; web pages, landing pages and product descriptions.
While there are many benefits there are also some disadvantages of it like; you need to have full command on your skills and on multiple skills, which means you have to keep your knowledge updated. You must have a good software for speech recognition which costs a lot. Looking at the competition, it might take some time to boost your business. And the most competition of translation marketing or legal translation in Abu Dhabi is there, so if you are anywhere in UAE, don’t lose hope just get your rates and work competitive you can be in top searched in no time.