Go Global With Wolfestone Translation: Risk And Reward

 

 

As Wolfestone supports more and more clients with their export expansion, our website localisation and interpreting services helps to open many doors to profitability. 

But it would be naive to ignore the risks that go hand in hand with these opportunities.  Even when clients have identified a suitable market and a customer base, pitfalls remain.  

 

Our clients face the same key risk and reward questions time and time again, and the answers will go a long way towards shaping their financial future.

 

CREDIT RISK

Do your credit and payment arrangements protect your interests adequately?  What are the chances of non-payment and where would that leave you?

QUALITY RISK

Are your products satisfactory for this new market? Are there additional quality stipulations that you haven’t taken into account? 

TRANSFER RISK

Are there exchange controls or trade controls between your country and the destination country that might cause you a problem? Might there be in the future?

TRANSPORT RISK

In the  most fundamental terms, can you get the goods from A to B safely intact? It’s sometimes easier said than done. 

 FINANCE RISK

Again, in the most fundamental terms, do you have sufficient funding to cover your trading cycle? If you have a potential credit risk, how will that affect this funding?

EXCHANGE RISK

Exchange rates can fluctuate considerably.  How might these fluctuations affect your business model?

BANK RISK

If you’re partnering with an overseas financial institution, how secure are their guarantees? Do you have a confirmed letter of credit?

COUNTRY RISK

Developing economies can be vibrant and exciting but how stable is your target market? Could your plans be derailed by political or economic instability?

DOCUMENTATION RISK

And how stable are your own your documentary procedures? Can you present compliant documents that will be acceptable in this new trading arena?

PERFORMANCE RISK

Perhaps most fundamentally of all, can you deliver? Have you in any way overestimated your capacity to give your new customers what they need in terms of quantity or quality? 

 

Once you’ve asked and answered all of these questions, the final hurdle is the one that Wolfestone can give you the most help with.  It’s the risk that many people underestimate, even when the other elements of their business plan are in place.

 

CULTURAL AND LOCALISATION RISK

Is your website localised?  Are your marketing material and your technical specifications targeted to this new audience? Having invested time and money perfecting your product and identifying a suitable new market, have you taken that crucial final step to make sure your message is conveyed as effectively as possible? 

As with all business development activity, exporting is a balance of risk and reward. But it doesn’t have to be a lottery. There are sensible steps you can follow to protect your long term financial future and when it comes to cultural credibility there are reliable partners who can make sure you’re always speaking to your target audience in a language they’ll understand.

That’s why clients come to Wolfestone.

 

 

 

 

 

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Responsibility and consequences: the transformation of the Spanish pension system

 

As one of the European countries with a significantly high national debt, Spain has been forced to adopt measures to stabilise its economy and safeguard its financial future.  Spain has taken the view that the German pension policy can be an effective role model and they too plan to extend the working lives of their citizens and raise the pensionable age.

By 2013, for the first time, Spanish citizens will be legally allowed to retire at the age of 67, two years later than the law currently allows.  By 2025, the whole Spanish population will work until the age of 67.

This step serves as a signal against the high debts of Spain. The country aims at remaining competitive and wants to have an independent steady financial position without having to depend on subsidies from the European Union finance package.  Spanish politicians support these measures, whereas unionists and employees recently began to initiate strike action.  One of their requirements to agree with the governmental plans is that employees who have already worked for 38.5 years should still be allowed to retire at the age of 65.

German chancellor Angela Merkel has publicly stated that every European country, whether highly indebted or not, has to make an effort regarding saving money and stabilising Europe’s financial situation, and that Germany is willing to go ahead as a role model with its policy. 

As the member countries of the European Union are strongly connected, this seems a good example of an area in which they should share ideas to pursue their common interests, supporting each other, particularly in cases where, like Spain, governments are making a major effort to deal with their financial issues.

 

VANESSA HORN

 

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Germany’s Ageing Population: Working longer? Working better?

The current trend in Germany towards an “ageing” population is seeing the numbers of older people rise as life expectancy increases, while the number of young people decreases dramatically. German researchers have a plan to manage the situation and balance the state’s financial burden, but is it the right one?

Research into Germany’s demographic trends predicts that by 2050, as a consequence of an increasing life expectancy, people will have to work until the age of 72.  This is believed to be necessary to balance the cost of an ever growing pension budget. In 2050, the German population is predicted to have a life expectancy approximately ten years greater than today.  Preferred social models indicate that people should work half of their lifetimes, and with this in mind the government is suggesting that German citizens work five years longer, lengthening the working lifetime from 67 to 72 years.

Many scientists and statisticians now argue that prolonging life by ten years means prolonging good health by a similar period, and that one way of dealing with this increased life expectancy would be to ask citizens to work longer and retire later, but to work less hours for a shorter working week.  Hence, they would have more “quality” time to spend with their families or engaged in leisure pursuits throughout their lives, and their extended old age would be far less of a strain on public finances.

This has sparked further debate. Would it really benefit Germany’s economy and its citizens to have these individuals working at a lower capacity during the prime of life?  And isn’t it too easy to say that a population’s expectation of good health will automatically increase in the same proportion as the increase in their life expectancy?  Furthermore, if people have to work until the age of 72, isn’t it reasonable to expect that the quality of their work might suffer?  It remains to be seen if a workable solution can be found to Germany’s demographical transformation.

 

VANESSA HORN
 

 

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Tapping into an audience of millions with website translation

Being successful in the world of business relies at least in part on attracting sufficient interest among your target audience. After all, it doesn’t matter how fantastic your goods and services are and how efficiently you are able to run your firm, if you can’t garner enough custom, you won’t generate sufficient revenue and profits.

With this in mind, now might the perfect time for your enterprise to cast its net a little wider. It’s estimated that there are around 100 million web users who speak languages other than English and if your firm is yet to tap into this market, you might be missing out.

This is where we come in. Here at Wolfestone we are experts when it comes to professional translation and can offer superb website translation services that might be perfect for your organisation. By making the most of our English to French translation and so on, you can reach out to new people and potentially bolster your bottom line.

We live in an increasingly globalised world and these days it’s easier than ever before to reach out to people located in other countries. By taking advantage of opportunities like this, you might well significantly boost the prospects of your company.

And the great thing is, because of the excellent website translation services and other professional translation assistance on offer, including English to French translation and so on, it’s simple to communicate with people based abroad.

So, if you think it’s time to spread your wings, take a look around our website and see how we may be able to help.

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Protect your image with proofreading

Dealing with text produced in a foreign language can be tough. Even if you have a basic understanding of what the information conveys, you might not have total confidence when it comes to such endeavours. After all, unless you are completely fluent in the languages in question, it can be virtually impossible to achieve total accuracy.

Of course, in some situations this doesn’t particularly matter. For example, if you are communicating with others on an informal basis, there’s no need to be 100 per cent correct. However, there are many situations in which perfection is hugely important.

Whether you are making use of Spanish translations, Arabic translations and so on to enhance your career or on behalf of your company, you need to know that the information you present to others is spot on.

If you fail in such endeavours, you might tarnish your own reputation or that of your enterprise. After all, in the professional arena, people expect a high level of competency.

The good news is, it’s now easier than ever to make use of superb professional translation services that can take all the hassle and worry out of this task. Here at Wolfestone we offer excellent proofreading assistance for all languages.

Our professional translation experts can check terminology, typing errors, capitalisation, punctuation, style and grammar. They can also ensure that the Spanish translations, Arabic translations and so on reflect the original documents and are well written.

When you utilise such services, you can have total confidence in your material.

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Why website translation services can be a great investment

Of course, to benefit from website translation services, your company will have to part with some hard-earned cash. Particularly if you are operating on a stretched budget, this can feel like a tough decision to make.

But the fact is, as long as you use a high-quality translation company and ensure you benefit from competitive rates, you may well be able to more than make up for such expenditure.

The fact is, the world’s economy is becoming increasingly globalised and if your enterprise is left behind and does not begin to make the most of the opportunities associated with international trade, you might well come to regret it.

By tapping into markets overseas, you stand to significantly boost your business’ prospects and generate increased revenue. Ultimately, this is great news for your profits. In light of such successes, your investment in website translation may seem insignificant.

And the great thing is, here at Wolfestone we fully appreciate the importance of providing superb value website translation services. So when you come here and make use of us as your translation company, you can rest assured you will not have to spend the earth to achieve your aims.

To find out more about our website translation provisions, just take a look around our website.

Often in business, it’s necessary to spend a little in order to generate more cash further down the line. The old adage ‘speculate to accumulate’ sums this up perfectly. Of course, to make ventures like this work, it’s also crucial to think more generally about how you can ensure your international endeavours are a success. For example, targeting the right consumers is key.

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Go Global With Wolfestone Translation: A New Passage To India

 

“China and India will, separately and together, unleash an explosion of demand.”

When Indian businessman Mukesh Ambani thinks of the place where he was born, he believes in the potential of Asia, and of his home country in particular, to improve its reputation in the years to come. Considering the prevailing economic conditions, it would be foolish to doubt that.  Already India is a competitive market and its competitiveness will only grow.

 

Since 1991, the Indian economy has been significantly deregulated and privatised. This governmental intervention has seen two decades of accelerated economic expansion right up to the present day. Although India’s share of worldwide production is only 2 %, the country has steadily integrated into the global economy and many opportunities exist to integrate even more.  

We should remember that measured by income per head which is very low, India is still a developing country with an outdated infrastructure.  Drawbacks such as widespread poverty, unequal income distribution and a global economic crisis only serve to highlight the country’s potential.  Even with these issues, India is already among the world’s ten largest national economies and ranks a strong third in Asia.  A recent Reuters poll showed growth of 6.8 per cent for the financial year ending in March 2012.  Further growth of 7.1 per cent is forecast for 2012-13.  

India holds a leading position in the IT and pharmaceutical sectors, and only this week the potential was confirmed by the announcement of a new £20 million telecommunications project between India and the UK.  The project will support research into the development of state-of-the-art applications that will carry audio, video and data.  India has become a knowledge economy, with the technological services sector accounting for 40% of the country’s GDP while employing 25% of its workforce

The reasons behind this success and the hope for the future are simple: each year, India produces more than two million young graduates, the employees and industry leaders of tomorrow. The reputation of India’s educational system continues to grow along with its economy.  Investment in schooling is enormous and collegiate education is highly developed.  The country is able to “export” working power overseas in enviable quantity and quality.

 

But that’s not the only thing India can provide for overseas trading partners. Additionally, the Indian economy benefits from the export of convenience products, textiles, jewellery, chemicals and an impressive range of raw materials.  Agricultural products such as rice, potatoes, cane and wheat, and dairy produce and fish also add major export value.  In contrast to this, there are is a wide range of products which India imports, notably crude oil, electronic components, gemstones, heavy machinery, chemicals and fertilisers.

 

India’s vast population speaks more than 100 languages and English, along with Hindi, is one of the two main tongues.  The country has 540 million Hindi speakers but English is the administrative, educational and commercial language, so it’s hardly surprising that the UK is one of the country’s longest established trading partners. Currently the UK only has a 3.2% share of the Indian market.  But if UK business takes the opportunity to share the advantages of importing and exporting to Indian clients, we could extend our influence in the Asian market and build long-lasting relationships.  By making good use of specialist services, achieving successful localisation with marketing translations and website translations, many Wolfestone clients are already taking positive steps towards this.

 

What does your company think of investing in a country with low foreign debts and booming currency reserves? There are few more suitable targets for trading partnership than India. Don’t you want to be connected with a market that offers a guaranteed explosion in demand in the years to come?  British companies across all sectors are already enjoying the benefits. 

Go ahead, it’s your turn!

 
VANESSA HORN

 

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Benefiting from competitive translation services

When you’re on the lookout for translation services, whether you want German translation, French translation or anything else, you are no doubt keen to ensure you benefit from the very best such provisions around. After all, the quality of the services you receive could have a major impact on your reputation and that of your whole organisation.

But, as well as focussing on the quality of the translations you get, you may well also be eager to keep your costs down. Like a lot of firms, yours might be operating on a tight budget, so splashing out too much money on professional assistance of this kind may simply not be an option.

The trouble is, often in life when you have these priorities to consider, you end up having to make sacrifices, choosing providers that are either cheap or high-quality. It can be difficult to find providers of translation services that tick both boxes.

But the good news is, here at Wolfestone we are an exception. We appreciate the significance of offering a superb standard of German translation, French translation and so on and that’s precisely what we go out of our way to do.

We only utilise the very best translators and we operate exemplary systems so that we are able to manage projects effectively and reliably. Meanwhile, we are also highly competitive. Indeed, we even provide a special price promise. If you can find a quote for the same service from another professional translation company that is lower, we’ll aim to beat it.

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How quality translations can cut your stress levels

Running a firm is never going to be a stress-free pursuit. There are inevitable pressures to contend with and many different tasks for you to focus on, meaning you are bound to feel the pressure. Indeed, like many entrepreneurs, you might like the adrenaline rush you get when your back is against the wall.

However, too much pressure can have a negative impact on your experiences and indeed on your health. So, whenever possible, it pays off to relieve yourself of unnecessary burdens.

For example, if you communicate with people in other languages, it’s crucial that you can make use of translation services you are able to trust. Dealing with individuals in foreign tongues can be unnerving. It may be difficult to have confidence in the communications you send and you might often worry that you will be misunderstood or come across as unprofessional.

Also, you might frequently be subject to extremely tight deadlines when you need to utilise Arabic translators, Spanish translators and so on.

If you aren’t careful in your choice of translation services provider, these worries can really start to weigh you down.

However, by coming here to us at Wolfestone you can kiss goodbye to much of the stress connected to these tasks. Our team are extremely trustworthy and reliable, and the expertise and professionalism of our Arabic translators, Spanish translators and so on is second to none.

Meanwhile, we are also adept at completing work quickly to enable our clients to meet their deadlines. So, when you use us, you can have total faith in your translations.

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Exploiting opportunities in emerging markets with translations

The world is constantly changing and the relationships between different countries within it are fluid. At the moment, there are many emerging markets that are gaining in strength and present considerable opportunity for those with the necessary business knowhow.

For example, India and China are burgeoning economies, as is Brazil. By making the most of the superb communications and transport provisions now available, you stand to bolster the prospects of your firm considerably. Whether you’re looking to sell to people in such nations, want to invest in projects within them, are keen to source goods or anything else, the potential is truly amazing.

Of course, to tap into such possibilities, you need to be able to communicate with people in your countries of choice and this is where professional translation services come into their own.

Any misunderstandings between your organisation and the other parties you deal with, be they individuals, large enterprises or anything in between, can be disastrous. They can lead to confusion, missed opportunities, damage to your company’s reputation and so on.

Thankfully, as long as you choose your provider of professional translation services carefully, you can avoid such complications. Here at Wolfestone we are perfectly placed to help you out with website localisation, technical translation and much more.

To find out whether we could be of use to you, and to get the full lowdown on our website localisation, technical translation and so on, just take a look around our website. We may well be able to help your firm expand its horizons and achieve greater success.

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