An approach is presented for determining equivalent rates for different methods of translation pricing. Actual data from the translators past and present jobs is used to calculate the relationships between these methods. The "statistical safety margin" of this approach is also briefly explained.
Running a translation business is not easy. As small as the industry may be, we as business owners face a full set of business challenges: personnel management, sales and marketing, client relations, and the list goes on. Everyday, we go into work hoping to improve the business, to make it more successful. Sometimes we wonder, what is the killer factor? What makes some companies more successful than others?