The right distance between two translation businesses?

Question

Should I stay away, or keep close to the competition?

I'm planning to open a translation company.

Answer 1

Even if you will be in a competition with other translation companies there is a lot you can learn from them. You would definitely need good relationships with them without talking about specifics of your business, like pricing for example.

I would advice you to visit ALC (Association of Linguistic companies) website where you would be able to get an idea how different companies can work together. You can contact some of their members, or attend their conference in order to see how it has helped them to be connected to other translation company owners, and learn from their experience.