When it comes to setting up and running a business there are many things that need to be considered, first and foremost there are the ideas, products, finances and intellectual property. There are also needs for premises from which to operate and a staffing structure to ensure that things run smoothly.

When the above are in place, business owners must make sure that there is a clear marketing and advertising strategy and that the logistics of day to day operations can be mapped out and executed.

One area that many businesses struggle with however is the area of translation and interpretation. This is essential if they are to take their business to foreign markets and expand internationally. Many companies decide to do this externally and outsource this work to language translation agency.

But why is this often forgotten part of business structure so important and why can neglecting it lead to problems further down the line?

The answer is simple. Many markets are saturated with products and services of a similar ilk, if you or your company have an idea that will translate globally then there has to be the scope for growth and the tools to implement an international strategy.

In a recent study by Forbes magazine looking at the most influential cities in the world in terms of influence and business, there are seven separate languages covering the top 10. This gives you an insight in just how difficult it can be to operate.

The world’s most influential …

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In the world of heavyweights such as Apple, Google, and Amazon, retaining quality staff is as easy as throwing as much money as is required or providing a range of benefits from homes, cars, and even trips to exotic destinations.

And while this works for companies with deep pockets, if you are running a medium sized enterprise then keeping quality staff isn’t that easy.

If you find yourself in this position, below are some great ways for you to retain quality staff without eating into your profits.

Extended Benefits

It’s likely that your company already provides your employees with a level of healthcare, however, does it extend to their partners? How about their children? Does it include dental?

While it may seem like a large addition, including this addition to your employee’s health benefits is not only a great way to retain staff but is also a tax-deductible one, meaning that while you will have to spend the money upfront you can use the incentive as a claimable deduction.

As you can imagine, a secure health insurance plan is an important part of life for your employees and they will appreciate the extra benefits and coverage.

Gifts

If you are looking to retain front-line staff then it can often become expensive because of the sheer volume of employees you have. To keep their important knowledge within your company, consider options like the Groupon Coupons page for Express which can allow you to take advantage of discounted prices while allowing …

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