Is there scope for growth in the transcription business?

Is there scope for growth in the transcription business?
A. The usual stages of growth within an organization for a medical transcriptionist are as follows:

1.    Trainee Medical Transcriptionist
2.    Junior Medical Transcriptionist
3.    Senior Medical Transcriptionist
4.    Junior Quality Analyst
5.    Senior Quality Analyst
6.    Deputy Team Leader
7.    Team Leader
8.    Project Manager
9.    Operations Manager

While the first five positions are wholly dependent on a person’s ability to produce a document with at least 98.5 to 99.5% accuracy, the latter four positions require management and people-handling skills. The stages are the same for a person wishing to pursue a career in legal transcription. After the fifth stage, with suitable qualifications, one can also diversify into the training and development aspects of transcription.

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