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OPEN Write 32: Earn and Learn Guide
 
OPEN Write 32
 
 
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3-1-3 TRANSCRIPTION CENTER

Having a pool of information reporting expertise makes a school a natural candidate to establish a transcription center. A transcription center (or agency) within a school is a separate business unit and needs to run as an independent operation. Like any business, there must be a clear understanding of target market, the service required, the market price for the service, the competition and many other factors.

In summary, there must be a business plan. Without a plan you will have no idea whether or not a transcription center is potentially money-making or just another drain on scarce and valuable resources. Don't start a center just because it seems like a good idea. Check and double check all the implications and ramifications.