Like any other small business, translation business experiences the same problems as non paid invoices, late payments and slow
business processes.
Recently one of the big enterpreuneurial websites Enterpreneur.com notified that only in US market small businesses fail though they provide on average a 84000 $ services without being paid.
Indeed at the end of each work process, analysing all small orders which were already provided to the customers, they receive a
considerable amount of non paid invoices. Non payment has a bad impact on the company internal life, as it is not possible to hire new workers, to pay for appliances, to do planning and project extension.
One of the major problems is that up to now, no fee for late payments exists. The owner of small business, being it a translation or other, has to do several payments from his own pocket. Another big problem is small opportunities for big cooperators or contractors. Big customers search big market, hence low chances for small markets actors.
In our website, we have talked about freelance translators and non paid invoices. If you are freelance translator and you have your own translation small affaire, you may find several useful advises in our previous article. Follow them as this is a great way to fight against the non payment.