Random thoughts on business

7 09 2012

I would like to start this post today with a quote from the book “The Work We Were Born to Do” by Nick Williams. I am currently reading it and have been thinking about this a lot recently:

“Another popular belief is that we have to do lousy work to get filthy lucre. When we are more focused on negative thoughts around money, we tend to believe that we have to do unpleasant things to acquire money…”

I could not count how many times I have been told that I worry too much about the work I deliver, particularly when I started my business. Initially I was tempted to believe that I had to work faster, outsource as much as people and deliver medium quality translations if I was to have a profitable business. Believe me, I have seen that over and over with large translation agencies, mostly because they get too big for their own good. The truth is that most clients who need a translation don’t necessarily speak the target language and probably do not have any means of checking whether the work done for them is of good quality or not. So it is very easy, and many translators do in this business, to get way with less than medium quality in at least 70% of the jobs.

Fortunately, I can’t do it! I actually love translating, I love the idea that I can convey a message written in one language, by someone with a different background and cultural values, in another language. I actually take pride in delivering the best translation I can do, regardless of whether my client will be able to tell the difference or not. If I don’t get any fulfillment out of my work, I am working just for money and that does not fulfill me.

Early in my business I decided to surround myself with like-minded people, both translators and clients. When I choose a translator to outsource work to, the first thing I want to know is how much pride they take in their job. From terminology research, spell checking and formating to their comments about how difficult they found a particular job, why they decided to choose a term over another and etc. I want to know that even if a translator does not deliver the most perfect of jobs, they actually did the best they could. I am willing to help this translator develop and take his/her ability to new levels, but I am not willing to work with people who don’t like what they do. Unhappy people are like rotten apples, they bring everybody else and your business down.

I seek a similar commitment in my clients, of course I don’t turn anyone down outright, but  I have a few principles I abide by. Firstly, I refuse to have more clients than I can handle –  that also factors in outsourcing, when I know I’ll need to revise the work before delivering and etc. I refuse to work for someone who thinks that what I do is worth less than peanuts. I believe in competition and fair pricing, but when I get requests to cut my rates to like 25% of what I would normally charge, I find it a little disrespectful, because it is like the client is telling me that the quality of my work is only worth 25% of what I charge. My vision for my business is to create a portfolio of customers who are happy with the services they got and are happy to come back whenever they need more translations. I have a key role in ensuring that, but so do my clients.

It may sound a little big-headed in this economy and climate to be saying that I want to choose my clients. But what I have learned from trial and error and some difficult experiences is that I don’t need to have a portfolio of 20,000 clients who pay me 25% of what I my services are worth and expect me to be a machine and translate at the speed of light. There is a market for it and there are service providers to supply it. I am not competing in that market.

I like knowing my clients by name, taking time to have a chat with them about what they want, what they need the translation for and going over their questions about the job delivered. I actually like it when they ask me about my choices for terminology and etc., because I know that they have taken an interest. Usually clients like that will pay what you are worth and will also be really demanding, but the final outcome of the job is satisfactory for you both and that is what I want my business to be about.

Ever since I set myself and my business in that path, funnily enough my revenue has gone up and my hours have gone down. I still work hard, sometimes on weekends and late hours, but I actually enjoy it. I sometimes need a holiday to rest and take my mind off things, but the holidays are not a break between periods of slaving at work and feeling miserable. My holidays now are breaks to allow me some distance to have more ideas and engage with more interesting people to come back and continue to develop my business.

What I have really come to realize is that when you are not chasing money, it finds its way to you and you get to do what you like; it just takes a bit of courage to believe in it to begin with and to keep believing it and working for it until it happens to you.

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