Many people dream of starting a small business. It is not uncommon for small businesses to struggle and a lot of the reasons for this have to do with being understaffed or not being able to get everything done. There are times when a transcription service might be a great way to boost your business and take care of some of your needs without having to hire additional staff.

Transcription services can really help small businesses that might be struggling with saving money. Speechpad transcriptions can offer you services that are tailored to your small business’ needs.

The old ways of doing transcription service
photo credit: Michael Pujals / Flickr

Ways Transcription Services Can Expand Your Business’ Potential

Additional Website Content

If your business has a blog or web page then you can really benefit from transcription services. You can send in audio files that you want translated to text for use on your website.

Give Information About Products

You can also use the service to highlight information about your product(s) and/or service(s). This can be very helpful when you are getting ready to launch new product(s) and/or service(s).

Offer Reviews of Products

Transcriptions of product reviews can also be utilized in many ways to your advantage. This is a great way to make sure that you never miss out on things that people are saying.

Minutes from Virtual Meetings

The minutes from your virtual meetings can be transcribed by someone that is likely to do it in less time. Plus you will not have to spend your time doing this when you have a number of additional tasks to complete.

Content for Presentations and Videos

You can also have information transcribed into new formats to be used in videos or presentations. This can be especially helpful if you are not up to date with technology.

Voicemail to Text

Having your voicemails sent to you in text form can allow for you to store them. Additionally it can help you to always know what is going on even when you might not be able to be on the phone.

A boy transcribing voice

The Pros and Cons of Transcription Services

There are so many benefits to transcription services that you should know about. That does not mean that you cannot ignore the downside. The following are some of the pros and cons that you should know about.

Transcription Service Pros

  • You can reduce your monthly budget.
  • You can help to grow your business faster.
  • You can become a part of the global marketplace.
  • You can spend less time doing simple tasks.
  • You can work more on the more important aspects of your business.
  • You can make a recording anywhere that can be converted into a document that you can use.

Transcription Service Cons

  • It can cost more to get started than to maintain.
  • You are not able to control precisely how things are done.
  • All regulations must be in compliance and you should check to see that they are.
  • There could be technical issues that could include a breech in the security of your information.

Starting a small business is hard work. You want to be able to maximize your potential in the early stages and transcription services can really help with this.