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Importance of Translation Service in Business

International business today compels people to travel around the world for meetings, transactions and negotiations and other corporate functions. A good business translation service should provide translators who possess excellent educational qualifications and a plethora of experience in the financial industry. Several institutions around the globe offer these services. It is important to determine the differences of language and civilization between countries, making effective translation service a must if business has to prevail.

• The significance of specialization

Providers of these services should have vast and solid understanding of finance and business. Bankers, stock brokers and economics majors are suitable for this job. Such knowledge would at least speak of unique vocation and association with the subject. The documents requiring translation are regulatory statements and reports, ports, mutual fund reports, notes of hands, financial statements etc.

• Experience

Enterprises see the corporate translation service experience, an agency has. Checking of repute and credentials may be helpful. Moreover experience generally speaks of the service providers' compliance and capability of rendering good customer services.

• Time is Money

Timely delivery of projects is of utmost importance. In legal and financial institutions, time is a constraint. Therefore deadlines must be met. Business translations are significantly more expensive than general translations.

In deciding whether your business fails or succeeds, the agency you hire for error-free corporate translation must deliver precisely the original meaning of the document with the words and style most applicable to the intended translation. A translator must not lose sight of context and comprehension. Consecutive interpreting services are meant to give the accurate version of speech or documents that sounds natural and transfers the message. To make the interpretation and transcription more natural, it is found that the translators work more in their native language in which they are proficient. It certifies the highest quality. Few ways to find good services for technical translation are:

• Find a specialist in the field.
• Look for a certified and experienced translator. If you want to get a legal document translated then look for somebody who is also a lawyer.
• Find a translator who is expedient in native language and is bilingual too.

Oral translation tips

• Critically understand and analyze the translated information.
• Enrich professional vocation.
• Highlight key elements in text.

Written translation tips

• Use a dictionary.
• Consult a specialist.
• Choose better variants.

The need for growing technical translations is growing and it is very difficult to find such translators, because they play a major role in deciding the business prospects. …

Work From Home Success Story – Embroidery Business

In 1995 my wife decided she hated her day job. The pay was meager, the commute was terrible and most importantly she felt she could achieve more with her life. At the time I was a textile machine salesmen. I sold serious industrial textile equipment which ranged from 3 ton, 15 headed embroidery machines to smaller single head embroidery machines that you can easily run out of your garage. So one day I suggested she buy a used single head machine and our business was born.

We canvased the neighborhood for local business, schools, police and fire stations for people that wanted to have their custom logo embroidered on shirts, hats and polo shirts and we found that it was pretty easy to find business. In one year the business began to grow steadily and it became similar that our single head embroidery machine was able to keep up with production.

At this point we had to make a strategic decision. Do we invest more money and grow the business? Well, we bought a 6 head embroidery machine for $ 50,000.00 (which is barely fit in our garage). The business grew and our new machine could keep pace with it quite well. We hired an employee to help run it as well.

I know what you are wondering. How much money did you make? I can tell you that there were months were we netted $ 9,000.00 per month, but that was working pretty hard and we started losing the work-life balance. Then my wife gave birth to two children and had to make another strategic decision about how hard we wanted to work. I had my own day job and was working with my wife late in the evening to help her get orders out the door. Something had to give, so this is what we decided to do.

We fired about 20{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of our customers, starting with the customers that demanded net 30 and 60 day terms, and to be honest we also fired customers that were too demanding (and somewhat jerky). I am a nice guy, but I have to admit I took pleasure in firing some of these clients. The end result was we were able to still net around $ 60,000.o0 per year working on average 4 hours a day for some really nice companies that treated us with respect and paid their bills on time.

Flash forward to the present, we sold the 6 head and bought a newer, faster 4 head Barudan Embroidery Machine. We purchased it used for about $ 30,000.00. I know that looks expensive, but remember we bought the first machine, a single head, for about $ 8,000.00. If the barriers to entry in this business seem high to you … that's a good thing. It prevails everyone from being able to enter too. For example, you can get started in the screen print business for $ 1,000.00. However, look around in your neighborhood, you will quickly discover that screenprinters …

Fix It, Flip It – Make Money $30,000 A Yr At Your Weekend Job From Home: 4 Options – Start Tomorrow!

Micro Fix and Flip?

OPTION # 1

That’s right! How about the XBox 360 for example? You can buy a “course” online for under $100 which will teach you how to repair the popular game box. You can buy them “Dead” for peanuts – just run ads that say you have cash and you’ll come get it! You determine what a good one is worth by checking out “Completed Items” on eBay – flip it, and get the flipping habit. It beats working for someone, every time! What’s the future? You can easily make game box flipping and repair your career! Look at all the different game boxes on the market – is gaming going away? “Probably not”, ya think? THIS is a great business idea! It’s a fantastic job, where you are the boss.

What other job can you do where you’re the Boss?

OPTION # 2

What would you give for a late model piece of expensive home exercise equipment? Would you pay $600 for a $5,000 exer-cycle or treadmill? If it has a minor problem, you might pay less. In good shape on eBay it may bring $1400 to $1600. How’s that for a flip? You can also become an expert at repairing home exercise equipment – the demand is real, and huge. This business idea can make a solid career for the next 20 years if you want it!

Let’s go back to electronics – tiny electronics.

OPTION # 3

You can buy broken iPhones, iPods, and iPads all day long because they break! Unlike a “lemon car” that breaks all the time, people still LOVE their Apple devices – and that’s why there is a flip market with these. Broken, a 3G might be worth $60. Fixed? $200. What does it cost to fix it? Well, there’s about 7 things that go wrong, but most of the time it’s broken glass. Your cost for the digitizer, glass and the gasket is under $15. If you belong to a “parts buyer’s club” your cost is about $6. Just learn the repair, and start buying broken Apple devices, repair them and flip them! Now, please realize, learning to repair these does not involve learning about electronics – no meters are involved, really! In fact, you can learn all the iPhone and iPod repair secrets you’ll need for under $100. The future expansion of this business idea is stunning! Make your job today.

Last?

OPTION # 4

Going back to “Big” we have spas. You know, bubbling hot water and thrusting jets set in a fiberglass tub? New, they are easily $3,000 to $7,000. Five to seven years later, in the backyard of a home in foreclosure? Try $0 to $400! What are they worth on eBay? Check it out, but cleaned up, and flipped? They can typically bring $1,500 and more. This is a great, simple, and very profitable business idea. What could be a better job than this?

Are we flipping crazy? Maybe we all should

Starting A Concrete Cleaning Pressure Washer Business

Concrete cleaning can be a lucrative business to start. Here are some tips which will help you do it right.

First and foremost there is one thing you need to understand when you are cleaning concrete and that is that concrete cannot always be restored to its virgin state after it has been stained. You can always get stains lighter or bleached but completely removing it is very difficult. So when talking to a customer explain this to them otherwise they will be asking for a job that just can’t be done unless the entire concrete slab is ripped up and re-poured. Now with that in mind let’s talk about equipment that is needed for this type of work. Remember safety is always important when working with a pressure washer. Some times there are chemicals involved in cleaning some stains. Thus, you should always use some type of eye protection. Also, when you are using chemicals you need to wear jeans to protect your legs.

Chemicals made for concrete are very strong and should not be toyed with. Would a person rather work with dry feet or wet? It is recommended that you get rubber waders or some type of rubber boot. They will keep your feet from getting wet and keep them from getting burned by the 250 degree water. Orange cones are also important to have for this job. These help make people visually aware that you are there if you are in a high traffic area or where there are a lot of contract workers at say a newly constructed house that needs the concrete cleaned. This makes everyone around you safe and you are helping prevent accidents. Of course you are going to need a Hydro-Twister for this job. You can technically do the job with a wand but it will take a lot more time and water, not to mention you can cause streaking if you are not using even strokes across the slab of concrete. Most of the new car wash trucks come with them now but if you don’t have one and or you need a second unit and go to buy one be sure to get the larger of the two. There my be only a 5 inch difference in surface coverage but it is well worth it when you are trying to save time without cutting corners.

Remember this business is all about time relevant to money. You want to be making at least a $1 a minute when doing concrete work at a minimum and aim for $100 to $200 per hour. If you are not achieving this income level then you work too slowly or you did not bid correctly on the accounts you are taking. You need to have a work order form. This form should have an area for time it took to do the job, how many people were on the job, gas to get to the site and mileage to get to the site. If …

Five Characteristics of Great Business Names and Five Popular Trends to Avoid

Deciding on a name is one of the most exciting parts of starting up a business.

The only problem with choosing the name of your business is that so much rides on your business name. It’s a little like choosing a name for your baby. A little like? Make that a lot like! It’s no easier choosing a name for your business than it is choosing a name for your baby.

What’s in a business name? You want it to be everything. Sadly, many business names are nothing. Deciding on a great business name takes time. It takes thought. Moreover, getting it wrong could spell disaster for your business. Getting it right, however, will give customers a reason to hire you, connect you to your niche market, and save you thousands of marketing dollars.

You want your business name to have a big impact on people. This, in turn, will have a big effect on your market. A name that’s too far out may make it difficult to brand. A name that’s too generic and common is easily ignored. Naming your business “Sarah’s Cookies” may make all the sense in the world to you. In most cases, however, your own name means very little to your customers because it says nothing memorable or of distinction.

The key to picking a great name for your business is to make it memorable. Make it distinctive. Don’t make it silly or cute. Your name should reflect your market niche and identity and be able to reach your customer base easily. So don’t mess it up!

Top Five Characteristics of a Great Business Name

1. It’s short.

2. It’s specific and reflects a specialized business: Jiffy Lube, Home Depot.

3. It’s unique. Consider using words that are not in the dictionary: Alkamae, Google, Squidoo.

4. It’s creative. Don’t copy, borrow, or modify existing famous brand names. Got Milk? has its own branding. Leave Victoria’s Secret to Victoria.

5. It’s an easy name to say, spell, and remember. Use proper English construction so that when put in a sentence, it will work: “I just purchased a book from Amazon.”

Five Popular Business Naming Trends to Avoid

1. Don’t abbreviate your business name. Though it may make communication and correspondence easier, acronyms are sterile.

2. Avoid anything that ends in “global”, enterprise”, or “Inc.” They’re passé.

3. Avoid using your own name. Build your brand on your company, not on your name. That way, if you decide to sell your company one day, it will be easier to sell.

4. Don’t hyphenate your business name. It makes remembering and writing it difficult. Plus, a hyphenated web name is hard to read.

5. Avoid geographical names unless you’re trying to create a strong local affinity. The name “Willow Oak Center for Arts and Learning at Robertson County” works because this is a business targeted specifically for Robertson County in Tennessee.

Once you’ve found your name, consider trademarking it through the U.S. Patent and Trademark Office and registering …

Doing Business in Vietnam: Understanding the Cultural Differences

Introduction

In today’s global business environment with your business it is important to have some understanding of the people and the culture that you have intentions of doing business.

The better prepared you are, the more successful your business negotiations are likely to be, “to be forewarned, is to be forearmed”, it’s your choice.

I have included some basic strategies and options that if properly used will enhance and improve your level of success. These suggestions are based on a number of years of personal business experience, in the real world with real people. Taking this approach works and I can assure you, it works well.

Topics

1. Family Culture

2. Reputation – “Saving face”

3. Name Structure

4. Greetings

5. Bribery and Corruption

6. Gift Giving

7. Standard Working Practices

8. Business Meetings – preparation

9. Business Meetings – what to expect

10. Business Culture – communication

11. Asking Questions

12. Festivals/Holidays

13. Compliments

14. Social Gatherings

15. Superstitions

16. Other – Traditional Vietnamese customs

17. Summary

Although with today’s technology we can conduct much of our business online, in this type of scenario, it can only take you so far. There is no substitute for actually being there, in person and immersing yourself in the local environment.

I believe we often lose sight of the fact that technology is just a tool that can help us to do our job, the true nature of business, is all about people.

1. Family Culture

The first step in getting a handle on how to do business in Vietnam is to understand what the prevailing dynamics are that defines the parameters of their social structure. By having some familiarity with these basic cultural aspects of Vietnamese society and by using a little empathy, we can start to understand the key elements that are the mainstay of their society and in turn how it defines and influences their business culture.

– Chinese Confucianism plays a very big role in their philosophical beliefs and in their daily life

– Elder’s are generally revered and their life experiences are held in high esteem within the family

– It becomes self evident why you see a number of generations of a family living under one roof

– The male makes the final decision for most, if not all matters, the traditional ideal of male superiority is still in place today

– The eldest son of a family is seen as the head of household, and in this case, the elder is usually seen as a role model

– Worshipping of ancestors is common place, as they are seen as the source of life, fortunes, and a key tenant that upholds their family culture

– Their ancestors are honoured and on the day of their death they often perform special ceremonies and rituals, to the Vietnamese their deceased elders are considered the wellspring of their very existence

– Birthdays are not generally celebrated by traditional Vietnamese families

– Vietnam is basically a collectivist society in which …

Professional Corporations – Advantages and Disadvantages

What is a professional corporation (PC)?

A PC is a corporation owned and operated by one or more members of the same profession (eg doctors, lawyers, accountants, dentists). The services provided by the corporation are generally restricted to the practice of the profession.

Professional corporations are now allowed in every province and territory across Canada. In each province / territory, the professional regulatory body usually determines whether its members may incorporate. For example, the regulatory body for physicians, in all provinces and territories, allows doctors to incorporate.

How does it differ from a common corporation?

There are some significant differences between a professional corporation and a common

Corporation such as:

  • Only members of the same profession can be shareholders of a professional corporation in many (but not all) provinces.
  • The officers and directors of a professional corporation must generally beholders of the corporation as well.
  • The professional corporation is generally subject to the investigative and regulatory powers of the regulatory body governing the profession.
  • A professional corporation will not protect a professional against personal liability for professional negligence.

As a result of these differences, some of the benefits commonly associated with a corporation may have a limited application for a professional corporation. This is further described below

Advantages of using a Professional Corporation

Potential tax savings

A reduced federal and provincial corporate tax rate is applied on the first $ 400,000 of professional income earned by a professional corporation. Some provinces apply the reduced tax rate on income of up to $ 500,000. The provincial limit variances by province. For 2010, the combined federal and provincial tax on income subject to the small business limit will range between approximately 11{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} and 19{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc}. As a result of this lower rate, the combined corporate and shareholder taxes paid on professional services income is slightly lower than if such income were to be earned by you directly.

Potential tax deferral

Perhaps the most significant advantage of using a PC is the ability to defer taxes. Professional income earned through a corporation is taxed at two levels – once at the corporate level and then again at the shareholder level when the profits are distributed to you as dividend income.

Since income at the corporate level is taxed at a lower rate than your personal income, a tax deferral opportunity exists when the income is taxed in the corporation (at the lower rate) and is not distributed to the shareholder (ie you). The deferral ceases when a dividend is paid to you and you pay the tax on that divide.

Let's illustrate. If you earn a professional income of $ 500,000 per year as a sole proprietor and only need $ 200,000 of pre-tax income for personal expenses, you will be left with $ 300,000 that will be taxed at the highest marginal rate. Assuming a marginal tax rate of 47{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc}, you will be left with $ 159,000 to invest.

On the other hand, if you incorporate the practice, the $ 300,000 will be …

How to Start Your Own Trenching Service Business

You can be in business for yourself, and be your own boss, if you start your own trenching business service, and work for yourself. Trenching, is basically like digging a long thing hole, maybe 10 inches wide, and 2 feet deep, for 100 yards. That would be a big job, to complete with a shovel.

A trenching machine, is like a big chain saw, a trenching machine digs up the ground to a certain depth, and certain width. Most notable, trenching would be needed for constructing of footings, irrigation lines, cable lines, pipes, underground utilities, water lines, gas lines, pool lines, and more.

Some do it yourself home owners, like to put in their own sprinkler systems. But, when they learn they have to put the lines all underground, it would take forever to use a shovel, and do it by hand. It would be an almost impossible task, so it needs to be trenched. That’s where you come in, and make money with your trenching service. You can offer trenching by the foot, or by the job. You can network with other landscapers, stump grinders, tree cutters, gardeners, tractor service operators, bobcat operators, dump truck drivers, nursery outlets, and more.

You should have a sign on your vehicle, saying the name of your business, and how they can get a hold of you for work. Some trenching machines can be put in the back of a pickup truck or pulled on a trailer. You can also rent a trenching machine from a local equipment rental dealer, until you can get your own.…

Attract Money With Runes and Laws of Quantum Physics

Rune Meditations FA for Wealth/Prosperity

For the first time you can now combine the Ancient Wisdom of the Runes with the power of Quantum Physics to attract wealth.

I believe in the power of the Universal Creative Energies called the RUNES. The power of the Law of Attraction. The Law of Three. The Law of Resonant Frequencies. All laws you can now use to recreate your life the way you want it.

All these laws are now fully explained in the modern day language, called Quantum Physics. Our ancestors and the modern day metaphyscians called these working laws The Mind of God.

By consciously using these laws we can change our destiny, and our lives, to include more abundance, health and happiness.

Runic energies are the most powerful way to do this.

I am sharing with you my 25 years of rune work. I will use the modern languages of energy and Quantum Physics.

Runes, Rune-Meditations, Rune-Magic, Rune-Yoga are all part of the great truth of Creation.

RUNE-MAGIC-MEDITATION-FOR-WEALTH

You will notice that there is a great similarity between this meditation and the meditation for health. I am a firm believer in repetition. The more you see something, the sooner you will grasp it

What you about to read, about runic energies, you won’t find on any where else. This is the first time RUNES are presented from a strictly energy point of view.

To practice this runic breathing exercise you do not need any ritualistic paraphernalia. All you will need is to print out the oversized rune you will find at the this lesson.

It is best to print it out on hard card stock, it will last longer.

For this runic breathing exercise we will use RUNE-FA . The Rune of mobile wealth.

To begin, sit comfortably in your favorite chair. It is best if possible to use the same chair everyday for your runic meditations. In this way the chair will become imbued and charged with runic energies. After awhile, just sitting in the chair will bring you the feeling of peace and calm.

Relax, do not strain. Breathe slowly and deeply Do not be concerned if you are doing it right or wrong. Do not be concerned if you are pleasing or displeasing a god/goddess. It is not a ritual. It is about attracting rune energies.

It is your personal rune-meditation-for-wealth breathing exercise. It is energy and vibrations.

Where you place your attention your energy flows. You actually touch what you think about, and it will touch you back. When you place your attention on the runes in the Quantum Ocean their energies will flow towards you. You are performing an energy transfer.

RUNE MEDITATION FA WEALTH

The runic wealth energy that you are about to attract has to have a specific target, a specific place to flow to. You will now prepare yourself to mentally receive these energies into your personal energy field (AURA.)

Once your personal energy field is charged with this runic energy then …

Global Financing – Hard and Soft Currency

Global financing and exchange rates are major topics when considering a venturing business abroad. In the proceeding I will explain in detail what hard and soft contexts are. I will then go into detail explaining the reasoning for the fluctuating treaties. Finally I will explain hard and soft contracts importance in managing risks.

Hard currency

Hard currency is usually from a highly industrialized country that is widely accepted around the world as a form of payment for goods and services. A hard currency is expected to remain reliably stable through a short period of time, and to be highly liquid in the forex market. Another criterion for a hard currency is that the currency must come from a politically and economically stable country. The US dollar and the British pound are good examples of hard courses (Investopedia, 2008). Hard currency basically means that the currency is strong. The terms strong and weak, rising and falling, strengthening and weakening are relative terms in the world of foreign exchange (sometimes referred to as "forex"). Rising and falling, strengthening and weakening all indicate a relative change in position from a previous level. When the dollar is "strengthening," its value is rising in relation to one or more other treaties. A strong dollar will buy more units of a foreign currency than previously. One result of a stronger dollar is that the prices of foreign goods and services drop for US consumers. This may allow Americans to take the long-postponed vacation to another country, or buy a foreign car that used to be too expensive. US consumers' benefit from a strong dollar, but US exporters is hurt. A strong dollar means that it takes more of a foreign currency to buy US dollars. US goods and services become more expensive for foreign consumers who, as a result, tend to buy fewer US products. Because it takes more than a foreign currency to purchase strong dollars, products priced in dollars are more expensive when sold overseas (chicagofed, 2008).

Soft currency

Soft currency is another name for "weak currency". The values ​​of soft currencies fluctuate often, and other countries do not want to hold these currencies due to political or economic uncertainty within the country with the soft currency. Currencies from most developing countries are considered to be soft treaties. Often, governments from these developing countries will set unrealistically high exchange rates, pegging their currency to a currency such as the US dollar (invest words, 2008). Soft currency breaks down to the currency being very weak, an example of this would be the Mexican peso. A weak dollar also hurts some people and benefits others. When the value of the dollar falls or weakens in relation to another currency, prices of goods and services from that country rise for US consumers. It takes more dollars to purchase the same amount of foreign currency to buy goods and services. That means US consumers and US companies that import products have reduced purchasing power. At the same time, …