Pros And Cons Of Starting A Transcription Business


– 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.