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My full assessment

Set up and Planning

  • Interviewed potential customers
  • Created a prototype
  • Tried to sell to customers
  • Neutral
  • Very Confident

Market Research

  • Confident
  • Very Confident
  • Confident
  • Confident
  • Confident

Finances

  • Neutral
  • Confident
  • Confident
  • Neutral

Sales

  • Confident
  • Confident
  • Confident

Operations

  • Confident
  • Very Confident
  • Confident
  • Confident
  • Confident
  • Confident
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Olga Bogatova Entrepreneur

Location San Francisco, California, United States of America
Venture Industry Translation/Localization
Languages spoken
  • English
  • Russian
Recent Activity

What I need help with

My background as an entrepreneur

My current challenges

I have never properly done budgeting or reviewed the revenues for my business. Since 2020, my revenue has been slowly growing. I know that if I budget my business expenses, plan my expected revenue and net profit for next month/quarter/year, this will help me see how to grow my business and what types of services I need to market better, and so on.

Actions I’ve taken so far

Google Business listing: I keep an updated google business listing and gather recent reviews from the clients who enjoyed my services. Website: I published a website about six years ago with the basic description of my services. Articles: a few years ago, I published articles in Russian about my services for my target community in local media sources (Forum Daily, in Russian) I analyzed my monthly revenue for 2023 with a breakdown per income source.

My future goals

Create clear budgets for all types of revenue streams my business has. Calculate break-even point for my business. Understand the most basic bookkeeping I need to do for my business to keep it healthy and grow it. Have clear and specific goals in terms of revenue & profit per month, quarter, year. Grow the most profitable revenue streams I have at the moment (translation services for individuals, interpreting services for agencies). Create and run a simple Google Ads campaign for translation services for individuals. Improve my website text by adding more relevant and current description of my services.

My motivations to work with a mentor

I need to do simple business planning, budgeting, and revenue planning. I also would like to see how other businesses do it.


About my venture

Olga Bogatova Language Services Started 2015

A sole proprietorship oriented at providing translation & interpretation services in Russian & Ukrainian to the local community in the Bay Area.

Countries of operation: United States of America