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It also provides a step-by-step plan for improving our sales, gross margin, and profitability. This plan includes this summary, and chapters on the company, products & services, market focus, action plans & forecasts, management team, and financial plan. Sales increased to more than $10 million by the third year.
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As a sole proprietor working alone, your business is confined to your own language skills and areas of expertise. As the owner of a translation agency, you can either hire employees or contract with other freelancers with experience in other languages and specialties, such as commercial, technical, medical or legal documents.
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Last Update: Oct 2021
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