Language Translator Device Rental Service in Hospitality Industry

Question: Discuss about theLanguage Translator Device Rental Service in Hospitality Industry. Answer: Introduction The global communication has become much important these days in which English is considered as the pre-eminent international language. English language is taken as the major medium of communication among the people from different languages. We all know that the technology has become much advanced and it introduces many of the innovative techniques for operating business. The language translator device is another advanced technology that eliminates the language barriers in the hospitality industry. This technological equipment is translating the foreign language into English and making the communication easier. For a Hospitality Industry, this language Translator Device serves as the most fruitful medium to establish the international relationship and formulate the cultural diversity. When formulating a proper business structure, it is essential to identify the scope of sustaining in this current business market. More specifically, in the hospitality industry this language translator device helps in growing the relationship with the tourists from different cultural background. An ear technology is also associated with this device. It is worn like an earplug and it apparently translates the foreign languages. It is noted that the foreign languages are sometimes complex and abstract. This is the most feasible and useful device to making these languages understandable by translating into the suitable language. Therefore, we are here introducing a Language Translator Device Rental Service for the hospitality industry that will connect people via translating the foreign language. I shall explain the proper planning for ensuring growth in this business. Introducing Core Product Are you looking for a technological device that can translate your language for the foreign tourists or travelers? We are here to present such technically advanced and user-friendly language translator device. You can now give the international travelers the useful and necessary information that they would need in their respective languages. The device is much useful for translating every type of content from the information of the product to the reviews from the consumers across the different content platform. Foreign language translator is the structured process, which observes the sentences and translates it into foreign languages suitable for the clients. One of the major key factors of this translation is that the sentence is translated for providing the adequate information to the clients. It is noted that there are many of the easier processes available for accessing the foreign language translators via online sites. However, it sometimes creates some troubles for the users. H ence, it is essential to use such a device that will not create problem while using and run smoothly. We understand your concern of making the travelers or tourists more knowledgeable about the services that you will offer. However, sometimes you face trouble in understanding their needs or specifying the service feature due to the language barriers. This device is thus eliminating all such obstacles you face due to the lingual differences. The major purpose of this industry is to connect people worldwide and formulate the cultural diversity. The motto of this useful device is to mitigate the risks occurred due to the language barriers. We are here to provide the best services for translating the foreign language and make the communication easier. This device introduces the software that connects the languages and makes them understandable to the clients. The rental service is contractual based, which determines that the company can use this device for monthly, quarterly or annual basis. The efficient IT technicians will be available to provide a featured demonstration regarding the use of this latest technology. An ear technology is also associated with this device. It is worn like an earplug and it apparently translates the foreign languages. It is noted that the foreign languages are sometimes complex and abstract. This is the most feasible and useful device to making these languages understandable by translating into the suitable language. The product is quite simple, fast and much powerful. The language cloud is presented in this device and it put the hospitality and travel companies in full control of different types of projects. This is time for you to raise the bar on quality parameter in a hassle-free manner while accelerating the speed to market as well as simplifying the collaboration process smoothly. Moreover, this device drives down the cost and makes sure that you can frequently provide the brand messaging. Market for Introducing the Product We have seen that most of the travel and tourism industries deal with the people who are form different cultural and linguistic background. The hospitality industry is somewhat connecting the people from diverse culture and ensuring the cultural diversity. They usually struggle due to the language barriers. Often, they are unable to make the tourists understand about the available services. In fact, due to language barriers, the companies are not able to understand the exact needs of the travelers. In such cases, it is essential to use such advanced technicalities that can eliminate such sufferings due to language barriers. We have been concentrating on the hospitality industry as our target market. We shall offer this device for making the foreign language easier to understand. The companies can connect this device with their computing technologies. Once the technology will be connected, it will translate the foreign language for both the companies and the travelers who will seek information through online sites. The customers easily can understand the available services from a particular travelling agency or company. The foreign language translator is thus quite effective for the hospitality industry. Competition We are well aware of out competitor in the Singapore market. We have the direct competition with Elite Translation, which is a leading brand of interpreting equipment in Asian market. However, we are concentrating on making out device more innovative, user-friendly, and cost effective. We are introducing the cloud-based features that will restore the data that is communicated over this device. Moreover, we are focusing on making this device more reliant and comfortable enough during the communication process. We have even added some of the unique feature to make the utilization easier to the clients. An ear technology is also associated with this device. It is worn like an earplug and it apparently translates the foreign languages. It is noted that the foreign languages are sometimes complex and abstract. This is the most feasible and useful device to making these languages understandable by translating into the suitable language. Therefore, we can expect to generate more profits by competing in this technological market. However, it is essential for us to present the brand identity in a significant way. We will make sure to use the unique marketing process that is different to our competitor. With the help of the proper marketing procedure, we will be able to accomplish the determined objectives. We shall present the most attractive feature of making the product more desirable for the hospitality industry. Risk/Opportunity We are looking forward to ensure the most relevant marketing techniques to promote our products to the hospitality industry in Singapore. We need to concentrate more significantly on our pricing structure since our competitors are dominating the market. However, we can assume that we may face significant challenge in structuring the price for our products. The technologies are becoming advanced and innovative. We need to invest more capital on manufacturing this latest technology of language translator. Hence, there is the possibility of the pricing risks. However, if we keep the moderate pricing structure for the devices, it would be effective enough for us to grow the market opportunity in a significant way. The reasonable price for this technical device will attract the hospitality sector to ensure the strengthened CRM process. However, it is essential for us to pay attention towards out niche market, which is the major force in the industry. The hospitality service is mainly based on the transparent and efficient communication process. This language translator will be offered to this industry on rental basis. For example, it can be offered for three months or one-year contractual bases. Within these three months, the company can renew the authorization of using this technology by paying a minimal amount. We will even offer some discounts to our target companies for strengthening our customer base. We can assume a remarkable profit in next two years. Management Team We shall engage our best management expert team to accomplish this plan. The efficient management ideas will be helpful for us to execute the plan in a frequent way. The experienced candidates will be associated in executing the structured plan for this purpose. The skilled, experienced and efficient IT experts will be involved in manufacturing this device and provide the required demonstration to the clients. The management will be paying attention towards the product and market developmental process. Required Capital The translator service for a start up business is quite beneficial since it has the proper responses from the customer companies. We need to invest near about $76,000 (assumed) for structuring the business set up. The required budget structure is presented further: Essential Amount 1. Computers and Technical Device $25,000 (assumed) 2. Official Webpage $2,000 (assumed) 3. Capital invested on the associated individuals $20,000 (assumed) 4. Promotional Activity $25000 (assumed) 5. Electricity $2,000 (assumed) 6. Office room $2,000 (assumed) Total Cost $76,000 The above budget is structured by depending on the rough assumptions. The profit cost is expected to be incurred from the quarterly services offered to the hospitality sector. It can be assumed that the promotional costs can be minimized if we use the social media sites. We need to pay the attention on the basic demands of the companies for adding the extra features or services if required. Hence, it is necessary to pay attention towards the proper execution of the planning process. The cost of the associates is also included in this budget. Accordingly, the investment procedure will be structured. However, we have paid attention towards the proper marketing tools to incur costs and invest capitals as a whole. Marketing Tool We need to be much careful about planning regarding the marketing strategies. The various types of marketing tools are available that can be utilized for planning the business. However, the major motto of our company is to gather more customers towards our services. We shall focus on gathering more buzz from the hospitality industry. We can use the social media marketing process for getting hold on the official websites of the hospitality companies. Consulting these companies though the e-mail and online chats will be effective enough in creating the customer buzz. More specifically, we can provide the attractive demonstration of this technical device that helps in translating foreign languages. When we receive the order, we will send an expert technician for installing this device to the clients computers. We will even provide the online animation process for demonstrating the device use and the process of utilizing these technologies. We are expecting to receive the significant outcome by applying such method and utilizing the proper techniques. The current business world is driven by the innovations and latest technologies. Therefore, we can expect that this innovative device of translating language would be helpful enough in gathering the attention of the hospitality industry. The major purpose of this industry is to connect people worldwide and formulate the cultural diversity. The motto of this useful device is to mitigate the risks occurred due to the language barriers. We are here to provide the best services for translating the foreign language and make the communication easier. Our focus is to provide the complete and innovative technical solution that can bring more profits to the hospitality industry by fulfilling the demands of the customers. It is to be indicated that the establishment of the transparent communication is helpful in formulating the best CRM process as well. Hence, this technological dev ice would generate reliability among the business dealers. Summary The plan is focusing on offering the Language Translating Device to the Hospitality Industry. It is specified that the current business market is driven by the advanced technologies and innovations. Language translator device is one of the most useful technologies that mitigates the language barriers in the hospitality industry and provide the demanding services to the tourists or travellers. This device can translate the language into the respective languages that will be easier to understand by the clients. It will help the hospitality industry to make the clients understand about the offered services and understanding their needs as well. The business is offering the rental service for installing this language translator device. An ear technology is also associated with this device. It is worn like an earplug and it apparently translates the foreign languages. It is noted that the foreign languages are sometimes complex and abstract. This is the most feasible and useful device to making these languages understandable by translating into the suitable language. In the hospitality industry this language translator device helps in growing the relationship with the tourists from different cultural background. The business plan requires a specific planning to accomplish the business goals. It is assumed that the initial set up will require almost $76,000 capital amount. Identification of the target customers and the market competitors is necessary for determining a structured plan. The expert technicians will be available for providing the proper demonstration of utilizing this device. The moderate pricing structure will also be feasible enough for the hospitality sector. It is expected to achieve the moderate amount of profitability in upcoming three months. However, the best management team will be involved for executing the plans set up for this business. References Boesen, P.V., 2016.Voice communication device with foreign language translation. U.S. Patent Application 15/156,914. 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