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Where to Find a Reliable Business Translation Service Provider?

Global marketing is the order of the day. Without reaching out to a global platform, it is next to impossible to make a lasting impression on the mind of the potential customers. The earning potential of any product goes through a massive downfall if the international market is not approached at all. This is simply because there is stiff competition in almost every sphere of business that one can even imagine. To walk faster and reach earlier than the other players in the market, it is essential that one must approach a wider target market.

Pitfalls

The crucial problem that stands when it comes to international marketing is language. No matter how much one is able to translate from one language to another, business translation is all together a different ball game. There are special business translation service providers who come of help at such a critical juncture to support the business owner to market his product effectively. There is a trick to business translation. One has to translate and interpret at the same time so that the content of the business gets communicated to the target party with the same context that the owner of the business had initially intended it.

Different businesses require different business translators. For instance, if your business is into medicine or health, the translator that the owner shall be looking out for will be drastically different from someone who is trying to open a hotel chain on a foreign land. Hence, it is business that dictates the business translation service provider that one chooses to hire for one’s translation service purposes.

Key Factor/s Before Choosing a Translation Service Provider

Hence, the key factor that deserves the owner’s attention and consideration while opting for a business translation service provider is the team that the provider has hired under him. If the team is in-house, then the translation is a much better option than another one who works with external translators on a freelance basis, as per work, on a project basis. This is one of the vital parameters while opting for a translation service provider. An in-house team helps rather than going for a freelance translator because there are high chances that there will be at least one person from the team who has grasp over your subject matter of business. Such is not the case with individual freelance translators.

European Standard

The European Standard is one document that helps an inexperienced translator to keep a few key factors in mind while opting for a translation service agency. The European standard serve as one of the best guide books to understand the key factors that one needs to keep in mind while choosing a business translation service provider. From providing a business owner about technicalities of business, client relationships, linguistic competencies. It is worth while to get a grasp on the quality standards of a translation service provider in order to assess them prior to the project. Hiring standards and quality standards are two other factors that a business owner must keep in consideration apart from what the European Standard already mentions. It is a good idea to give a check on the certifications heaped upon the service provider as well as those heaped upon the individual translators.

Integrate Your Business Operation With SAP Business One

You are new in the industry and it is your first experience of running a small enterprise. You are aware of the competition and you understand that you need to quickly match the pace otherwise you will just fade away like the rest of the small scale businesses which never made it. If you wish to achieve something bigger and better, then you need to survive the tough competition and progression in the industry.

For this to happen, you need to adapt to the latest technological changes which are helping businesses around the world meet their goals and achieve their best.

The Need

Presently, business is highly influenced by technology and we observe its miracle in almost every business aspect. Technology influences the decision making and performance of a company. But as a small firm, you cannot afford to have your own IT department to help you meet technological changes.

Small business software provided by SAP Business One can help you achieve your target within a limited budget.

As a small scale business, it is best for you to buy rather than producing your own software. If you are a service company, then service management software can be attained through SAP Business One. It integrates your daily business activities and helps you in various operations of the firm.

It is completely incorporated small business software which will cater to all your business requirements and you don’t have to go through a number of installations to integrate various units. For this to happen, you need to adapt to the latest technological changes which are helping businesses around the world meet their goals and achieve their best.

The Benefits

If you are wondering whether or not you will be able to adapt with SAP Business One, then let me tell you that it’s a highly user friendly software and can easily be adopted throughout the organization.

Service management software is easy to use and employees don’t have to be trained in order to operate it. You can streamline your business activities with its help. Since small business software is highly flexible, it can easily adapt with the operations of your firm and help you out on an end-to-end basis.

You can record all your business operations in a centralized location of your choice. This will not only boost your company’s performance, but will do it with class and ease. This premium functional software can help you in ways you cannot imagine, guiding you through tough parts of the brutal business world.

Reducing Business Expenses: Negotiating a Commercial Lease

A commercial lease is a daunting document for most business owners. It can be many pages of legal jargon and paragraphs referring to other paragraphs. Most business owners take a quick glance and gladly send it to their solicitor to deal with. However, this doesn’t always work as planned, with the solicitor often concentrating on more technical points, and the business owner left with little or no assistance in being made aware of, or understanding the cost components included in the lease.

Below is a list of the major costs that are likely to be in a commercial lease agreement and a negotiation point for each on how they may be reduced. It is unlikely that each cost can be negotiated lower however the business owner should prepare a summary of all costs, whether they are reasonable and plan a negotiation strategy.

As an example a business owner may, after reviewing the costs, decide to request an extra 3 month’s free of rent, the percentage for outgoings be decreased for common equipment and the landlord pay their own legal fees up to $800.

Highlighted Cost Components of a Commercial Rental Lease

1. Base Rental

This is usually based on rate per square foot of the area being leased.

Negotiation Point: research the base rentals of similar property in the area and use lower rates as evidence in your negotiation (however see the points raised in “incentives” below)

2. Incentives

An incentive for entering into the lease may be offered by the landlord to the tenant. This incentive is likely to be either

a. A cash amount to be applied against the fit-out, or

b. A rent free period at the commencement of the lease

Negotiation Point: It is usually easier to negotiate a bigger incentive than it is to negotiate a lower base rental. A high base rental allows the landlord to show a higher gross rate of return to the mortgagee and a potential buyer.

3. Outgoings

The tenant may be required to contribute towards the holding costs of the landlord (such as rates, insurances etc.). The amount of outgoings payable is usually based on the area of the tenant’s premises as a percentage of the total premises.

Negotiation Point: Aim to have common areas included in the total premises percentage – this will ensure a lower percentage and thus lower outgoings.

4. Legal Fees & Government Charges

Most leases will include that the tenant pays all legal fees and government charges

Negotiation Point: Argue that the landlord should be responsible for their own legal fees up to an agreed value. Any amount over the agreed value is payable by the tenant

5. Bank Guarantee and Personal Guarantees

Landlords will usually require that a bank guarantee be given for 1 to 3 month’s rent to protect their position should the rent not be paid. Additionally if the tenant is trading under a corporate structure the landlord will usually require personal guarantees be given by directors.

Negotiation Point: If the bank guarantee is for several months, there may be scope to reduce this. The tenant can also request that personal guarantees be waived, however, this may be difficult if the bank guarantee has also been reduced

6. Insurances

The lease will specify the insurances that the landlord requires the tenant to have in place. If the insurance is for a reasonable level, it is usually in the best interest of the tenant to be covered.

DISCLAIMER: Many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their circumstances. The author expressly disclaims all and any liability and responsibility to any person, whether a purchaser or reader of this publication or not, in respect of anything, and of the consequences of anything done by any such person in reliance, whether wholly or partially upon the whole or any part of the contents of this publication.