In the world of finance, it all boils down whether you have a good strategy or not. Those who don’t have a good strategy fail miserably at their attempts to achieve success and make money. I wouldn’t want to be in their shoes to be honest.
One of the smartest strategies for any kind of business owner, finance manager, or anybody else is to hire a professional translation service to do the translation work for them. You think you know Chinese because you had a chance to learn it in your high school for one year? Be careful with that because you might do more harm than good trying to travel to China without having a translator with you. The same applies to knowing languages such as Spanish or French. You might think that your knowledge of them is decent, but do you really have what it takes to communicate with a fellow business executive in another part of the world in a foreign language? Are you really sure that you know the right type of vocabulary in a foreign language to conduct business operations with a foreign trade partner?
I encourage each person to take translation services seriously. They are needed and nothing indicates that it is going to change any time soon.