Learning a Second Language – 5 Advantages to Learning a Second Language If You’re Running a Business
In the past, much has been written about the benefits of studying another language. There is a growing trend that more people are keen to learn French, Spanish, Italian or any other language due to the obvious advantages. As the world grows more competitive and more competitive, it’s crucial to recognize that the battle to win is not limited to those who live in that same town. The fight has now extended beyond people in the same city over to the Atlantic Ocean. In the event you’re an engineer in China or the U.S., you are likely to be competing with an engineer in China. For those who have businesses, the competition is more intense than at any time in the history of business. If you’re looking to get a leg over your competition it is advisable to look into learning a second language. The benefits are innumerable.
You Have a Larger Marketplace
Your market isn’t restricted to people who can speak and comprehend your language of origin however, it is also open to people who can speak your language. This implies more business, and will in turn translate into greater earnings. When more people join the market and enter the market, there will be more businesses to run in each language. A further benefit is that there will be less competition. Most business people do not be bilingual. Thus, you’ll be able to take advantage of more market share than your rivals.
You Can Reach More Customers
An additional language in business will result in more clients. Most people are more comfortable doing business with a person who speaks their language than one who doesn’t. If you are able to prove that you can provide attentive service to customers in their native language, you’ll not just have many more loyal customers and will also gain more referrals, too.
You Can Increase Your Revenue and Earnings
A bigger market means more customers and that translates into more referrals and repeat business and ultimately more income. If you had the opportunity to establish an organization in Canada and you were able to communicate in simultaneously French and English well, your earnings will be much more than if you were to start the same company in the same place however, you could only speak French and/or English.
You Have More Travel Opportunities
If you are a traveler with your family, having second-language knowledge is the perfect reason to travel abroad. You can travel abroad to conduct business transactions internationally in the language you speak and the greatest part is that as an entrepreneur, you can declare it in the form of a company expense in your corporation tax return. There are even invitations to conferences or meetings abroad by your business associates or other professionals, just because you speak a different language.
You Have Contact With a Greater Number of Colleagues
You will be able to make more connections with business associates if you converse in a foreign language. This might be impossible if you only speak your native language. A larger number of business associates could likely open doors for businesses to grow in different countries, even if they’re abroad. You may also develop into an authority in international business transactions that could result in possibilities in the public sector or in teaching business courses abroad in one of the languages you speak.