Being multilingual expands your personal horizons and allows you to communicate with a larger portion of the global population. It also increases your career options. If you are multilingual and want to become an entrepreneur, then you should consider starting a small business that capitalizes on your language abilities. Here are six small business ideas you would be foolish not to consider.
Become a Freelance Spanish Interpreter
Recent decades have seen a massive increase in the number of Spanish-speakers in the United States. If you speak English and Spanish, then you should take advantage of this demographic trend. All sorts of situations require bilingual interpreters to help speakers of different languages effectively communicate. From schools to hospitals, tire factories to car dealerships, countless places need a skilled interpreter to build relationships, transmit instructions, or help seal a deal. Being a freelancer is a great way to take advantage of your abilities without tying yourself to a single business or organization. You’ll be able to base your operation from your house, and you can learn from work from home tips to maximize your productivity.
Become a Freelance Translator
While interpreters focus on face-to-face encounters, translators work on written documents. Between government forms, media posts, and company-issued communications, there’s no limit to the documents out there that need to be translated. If you speak multiple languages, you’re sure to find translation work as a freelancer that also leverages your skill set. If you have a MS in Data Analytics or a certificate in web development you can find great international business clients who require advanced knowledge of big data while being able to communicate with multiple offices in multiple countries. Being both a translator and consultant at the same time can pave new inroads to great companies that value both of your skills.
Open a Neighborhood Market
If you live in a multilingual community, then you can put your language skills to use in a retail setting. Even after learning English, many second language learners and immigrants are often more comfortable carrying out transactions in their mother tongue. By speaking the languages of prominent immigrant communities, you’ll be able to make your local market into a neighborhood mainstay. As the multilingual business owner, you’ll have the opportunity to hire a diverse staff that will cater to the linguistic needs of a varied clientele. Thus multilingualism will give you a leg up on the competition.
Offer Website-Building Services
Tons of companies are realizing that they should market their goods and services in Spanish as well as English. Unfortunately for them, many managers and marketing teams don’t have the Spanish chops to pull this off themselves. This is where you come in. If you speak Spanish and are at all decent with technology, you can provide a multilingual website-building service. While your competitors focus only on the technical sides of the job, your language abilities will set you apart from the pack. By offering to produce an appealing, functional website in two languages, you’ll attract deep-pocketed clients intent on broadening their appeal.
Become a Multilingual Stock Broker
Many often find that their lack of English proficiency holds them back from fully participating in American life. This is certainly the case when it comes to engagement with the stock market. People who struggle with English might lack the confidence to dip their toes into the market. They might like the idea of investing, but they don’t trust themselves to properly understand earnings reports or effectively communicate with a broker. This is where you can combine your language skills with market literacy to have a major impact. Above all else, clients want to be able to trust their broker. Speaking their language will give you the chance to build a rapport that most brokers could never dream of. Once your reputation builds and your name spreads around, you’ll be well on your way toward a formidable career.
Start a Catering Business
Catering food for weddings, birthday parties, and other events is often an expensive proposition. People with limited English proficiency might hesitate to hire a caterer if they can’t effectively communicate. You could utilize your multilingual abilities to start a catering business that would take off among immigrants. This is an especially great option if you’re into cooking or have experience in the restaurant or catering industries.