When it comes to LSC growth it’s all about sound finances

One of the key findings of the latest European Language Industry Survey is LSC owners down-grading over optimistic growth forecasts made in 2022.

“It is unsurprising that company owners responded to the ELIS researchers with more caution this year,” says Andrzej Nedoma (pictured), who will be presenting the EUATC’s monthly Language Business Growth webinar on Tuesday, 18th April.

“Seeing the global economic and geopolitical challenges, they can only be looking ahead with uncertainty. However, the demands for global, multilingual communication are higher than ever before and this creates a huge opportunity for the translation market.

“But it is only with the sound management of finances that LSC owners can start making a realistic evaluation of the business and the growth potential out there waiting to be developed.”

Andrzej Nedoma* has built successful businesses and will share his insights into how to manage company finances, take control of the cashflow, plan the future and see the real state of your business to allow LSC owners to optimistically plan for realistic growth.

What will be covered:
• Seeing reality by understanding your true Profit and Loss statement
• Performing the “decline in turnover” stress test
• Understanding cash flow
• Getting clarity on future cash balance
• Ways to improve your cash standing
• And much, much more…

Book your place on the webinar HERE

SPECIAL OFFER: Sign-up for this webinar to get knowledge, inspiration and receive a €200 discount voucher for your individual One-on-One Executive Advisory sessions with Andrzej this Spring.

*Andrzej Nedoma was the co-founder and ex-CEO of XTRF Management Systems, a global translation management platform. He has been building his translation industry expertise since 1996 as a co-owner, business development manager and later MD of the leading Central European translation company LIDO-LANG Specialised Translations, which sold in 2016 to SeproTec Multilingual Solutions from Spain.

In 2021 he sold XTRF to K1 Investment Management, the US-based Private Equity fund. Andrzej now supports various businesses and entrepreneurs worldwide.