hmm apparently I was advertising, which we don't need to do.
Setting up a transcription business does not cost £2,489 and, I pay my transcribers £10 per hour for normal dictation and £11 per hour for interview transcription.
Express scribe costs nothing, you can set up a website and hosting for £12 a year, your pedals and headphones cost £100 max. All computers come with a word package and, most businesses do not like the new word package.
Your internet, use of home as office, etc, are all tax deductible. Your tax return would cost £150 maximum.
Interview transcription does take 1 hour to transcribe 15 minutes, one hour of dictation would take you a maximum of three hours.
If I was only earning £9.50 an hour I would have gone back to a proper job years ago.
So, having set up my company in 2006 and, now having a team of transcribers, I would totally disagree with the above comments.
You do, if you are offering an interview/conference/focus group transcription service know how you should set it out properly but, with normal dictation all you would need is their template and a completed example.
Louise