Week 1: Vaughn Translation Services Business Plan

Vaughn Translation Services Business Plan
Institution
Date
Executive summary
Vaughn translation services aim to offer language translation and interpretation in the XYZ area. Available research suggests that the XYZ area has of recent been infiltrated by different nationalities, and linguistic diversity is on the rise. This evidence shows there is a need for translation and interpretation service to be able to transact government business and also to deal with various organizations within the area. Vaughn translation services intend to capitalize on the skill gap to offer translation services to the area.
The business will be a limited company registered in the state and ownership will be through shares (Schroeder et al., 2008; Birds, 2010). At the start, the business will have three directors with the option to add others through equity provided. The primary target will be the multinationals with diverse linguistic background who will make use the services. The facility will be stati...