In his short story ‘The Great Automatic Grammatizator‘ (1953), Roald Dahl imagined a computer that can write stories better than humans can. The computer ends up writing “over half of all the novels and stories published in the English language.” The remaining human writers struggle to make a living… It’s estimated that the machine translation market…
With so much uncertainty on the economic horizon, many businesses in the language services industry may be reassessing their M&A activity in 2023 and beyond. Uncertainty has a heavy weight on decision-making, and buying or selling obviously is a big decision. That means buyers and sellers are now taking the time to really zoom into…
Translation quality assurance is not easy to summarise. In fact, just explaining translation quality itself can feel a lot like opening Russian dolls. However, once the latter concept is understood, it follows that the former will make more sense. In the first half of this article, we will look at this. In the second half, we will look…
For many companies, growing their business beyond 5mn or 10mn in revenue is really difficult and lots of companies fail to break these numbers and scale successfully. But is it really all about the numbers and what does good growth really mean? When it comes to M&A, there is no escaping the fact that one…
Many entrepreneurs and management leaders have growth on their minds almost every day. They ask themselves, what markets should I enter? What services do I need to offer to differentiate my company? Should I embrace specialisation? What services do my best customers need tomorrow? How can I attract new customers? All of those questions are…
Not all industries are equally profitable. And not all areas of all industries are equally profitable either. The translation industry is no exception. Uniquely, the translation industry touches on almost every other industry. It also covers hundreds of language combinations, several different services, and a couple of different business models. So, the short answer to…
The ancient Chinese general and philosopher Sun Tzu wrote: “Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” Marketing is essential for translation companies that want to grow. But without a clear strategy, it is difficult to know where to direct your resources. Let’s take a closer…
Given the current economic climate, our focus at Lion People Global is increasingly on finding approaches that are going to deliver sustainable growth and resilience. And that’s whether you’re considering acquisitions as a key component of that growth strategy, or if you want to build value towards an exit where you sell your business to…
Lion People Global are specialists in helping LSPs accelerate their growth through mergers and acquisitions and helping business-owners achieve organic growth to get ready for exit. When the time comes for an LSP-owner to consider selling their business, one of the most common questions we get asked is, what are the exit options? When an…
End of content
End of content