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The described algorithm of formation of a new translation agency may differ from case to case, but most translation agencies appeared exactly in this way. All translation agencies grew out of the translation practice of one person. This information can be useful to any aspiring entrepreneur and not only in the field of translations.

Our editors, who collected data from different CVs of translators and systematized experience of work with freelance translator applicants, we have come to the conclusion that it is possible to identify common features in search, selection and testing of translators seeking to cooperation with our agency.

Translator’s CV is filled in by about 10 people a day. Hence, the editor cooperating with translators has to study a great number of CVs every day.

Adjusted for inflation, the median annual salary for translators and interpreters rose from $44,500 to $53,410 between 2004 and 2012, according to Labor Department data. The majority of full-time workers are freelancers, and they are paid by the word, ranging from 7 cents a word to 30 cents, depending on the language and specialization, according to association.