– Flexibility to choose your own hours and work from home.
– Opportunity to earn a good income with the potential for growth.
– Ability to help others by providing transcription services.
– Low start-up costs with no need fo physical premises.
– Need to be highly organized and efficient to manage workflow effectively.
– Competitiveness of the market – there are a lot of transcriptionists out there!
– You need to have excellent written communication skills and an understanding of different accents and dialects.
– High turnover rate with clients – transcription services are often needed on a short-term basis.
– Low barriers to entry mean there are a lot of people who offer low prices and undercut established businesses.
– Working long hours can be difficult, especially during peak times.
– Learning new software or technology can be time consuming and expensive.