Licensing Opportunities

 

Interpretation and Translation Service Industry

 

You are looking to start a business. So why choose the interpretation and translation service industry? Simple, we work in a 14+ billion dollar industry! There is no doubt that the need for interpretation, written translation, and transcription services is on a rapid increase. Arkansas Spanish Interpreters and Translators, Inc.™ has experienced this growth first hand year after year. Hence, the reason for offering those who are looking to start a business, with a potential to work at home, a chance to own an Arkansas Spanish Interpreters and Translators, Inc.™ license. Owning a license is in many ways better than owning a franchise business. This business opportunity allows you to solely own and independently operate your own company.

 

I don’t know anything about this industry and I do not speak another language. That’s ok. You do not need to speak another language, leave that to your language experts contractor staff. As far as the language interpretation industry, we will train you on what you need about the industry and how to operate your business. First off, it’s good to understand that interpretation refers to the oral translation of one language into another. Translation refers to the written translation of one language to another. View our FAQ’s for more information.

 

Industry Trends

 

The year of 2007 was a banner year. The average year-over-year growth rate of companies in the Top 20 list was 26.68% (Common Sense Advisory, 05/2008). Based on the trend-line over that last five years, it is predicted the market will reach $24 billion by 2012. That growth rate is equal to a compound annual growth rate (CAGR) of 14.6% over the coming quinquennium.

 

Growth Potential

 

• The language service industry is a $14.2 billion industry globally with the US and Europe capturing 40% and 43% respectively.
• About 10% of the companies have more than 4 employees. Arkansas Spanish Interpreters and Translators, Inc.™ may be categorized as one of the largest among the medium sized companies in California.
• The business press is beginning to pay attention to this sector. Last year Inc. Magazine listed three language companies among the 5,000 fastest growing private companies in the US.

 

Why Choose Arkansas Spanish Interpreters and Translators, Inc.™

 

You understand now why you should dive into this language interpretation world, but why choose Arkansas Spanish Interpreters and Translators, Inc.™? We are the oldest and largest full service interpretation and translation company in California. After working in this industry for nearly 40 years, we have a name nationwide and our client base includes more than 600 active customers representing a wide array of industries. Government and state agencies, insurance companies, law firms, courts, corporate environments , school districts, and medical facilities all need interpretation and written translation services. Your client pool is infinite.

 

What do we do?

We create a solution when language creates a barrier

• In-person interpretation for over 130 languages
• Written translation of varies documents such as technical manuals, legal documents
• Transcription of medical records and other recordings into multiple languages
• Live telephone conference interpretation
• American Sign Language interpretation
• Over-the-phone interpretation
• Simultaneous interpretation and any equipment needed i.e. sound proof booth & headphones

 

Who are our clients?

Just about everyone has interpretation and written translation needs

• Hospitals
• Medical clinics/facilities
• Law firms, court and deposition sessions
• Insurance companies
• Corporate offices
• Government agencies for the city, county, and state
• Schools
• Technology companies

 

Arkansas Spanish Interpreters and Translators, Inc.™ License Program

 

Who is our license program designed for?

• Beginner to seasoned entrepreneurs
• Business professionals
• Sales professionals
• Business consultants

 

Benefits of our license program

• Limited capital needed ≈$30,000
• Does not require experience in the industry
• Does not require knowledge of a foreign language
• Ideal for part-time to full-time schedules
• Good fit for a home business
• Turnkey business start

 

Licensing Tiers

 

All licensing packages include extensive training, operation manuals, proprietary software login access for billing, scheduling and client data management

 

Tier 1: Limited Territory

• Structured for a novice who want to work independently full or part time and enjoys sales and marketing

$24,500 and 5% of appointment fee* to IU

 

Tier 2: Extended Territory

• Ideal for entrepreneur who want to work on a larger population base
• May require hiring someone to help manage language experts

$47,500 and 5% of appointment fee* to IU

 

Tier 3: Expanded Territory

• Ideal for an entrepreneur who wants to market to an optimal population level and a exceptional growth potential
• Requires building a sales team to manage clients and language experts

$70,000 and 5% of appointment fee* to IU

 

Optional upgrade: All tiers can be upgraded to include outsourcing the following tasks to Arkansas Spanish Interpreters and Translators, Inc.™

• Hiring and managing interpreters
• Appointment setting
• Client and interpreter database maintenance

Upgrade cost: 25% of appointment fee to IU

 

* fee to IU averages from $7.50 to $10.00 per appointment

 

Training and Support

All tier levels include five days of training at our San Diego, CA office. This training will encompass everything you need to know to manage and operate Arkansas Spanish Interpreters and Translators, Inc.™. It will also include opportunity to observe our day-to-day operations

 

Actual Appointments

The following are some actual appointments where Arkansas Spanish Interpreters and Translators, Inc.™ was able to provide a solution:

 

• A workers compensation case requires an interview on a farm with the claimant who only speaks Spanish and has no phone
• A doctor has a patient who needs immediate surgical attention, but the patient speaks only Tegrinyan
• A police accident report in Turkish, covering the death of an American businessman, must be translated to decide liability
• A world renown motivational speakers is holding five seminars for a Spanish-speaking audience and needs simultaneous interpretation
• A high-energy Electronic Company with locations US, Europe and Asia is launching new technology that requires manuals and product sheets to be translated into six different languages
• A focus group in California is assessing a new French product for American market, and the company executives from France would like to listen in
• Law enforcement and military agencies need interpreters for various Middle Eastern languages
• 5,000 pages of discovery documents in complex international trade dispute have just been received and are all in Korean; depositions are due to start in three weeks.
• A witness is ready to be cross examined in court tomorrow morning and speaks only Farsi and the subject is intellectual property
• A company has had a substantial lawsuit filed against them in South America by one of their largest clients…no one from the company speaks Spanish
• A rehabilitation center has walk-in clients that speak Vietnamese and no one on staff to interpret
• A school district is conducting parent/teacher conferences for parents who do not speak any English