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Americans spend a lot of time on their phones. The quality of their online experiences is largely defined by what applications they use, which has created a unique niche market. Developers have already created millions of apps, but there’s always room for innovation and improvement.

Interested in becoming a developer? Making waves in competitive markets can be tough. Follow these tips to maximize the chances of creating the next big cell phone app.

Start by Identifying Unmet Needs

The average entrepreneur getting into app development isn’t going to be able to compete with established industry giants that are already providing valuable services. Instead, he or she will need to identify other Internet users’ needs that are currently going unmet.

Recommended article: 7 Steps of App Development

Start by doing some brainstorming and market research. Keep the focus not on existing apps that are already popular but on ways a new app could fill in the gaps.

Focus, Focus, Focus

Once entrepreneurs have developed a stellar idea, it’s time to focus and refine it. It’s much easier and more effective to develop an app that focuses on simplifying one aspect of users’ lives or online experiences in a specific niche.

If the app is successful, entrepreneurs can switch their focus to adding features and content later. In the early phases, the app should do one thing exceptionally well instead of losing focus and creating unnecessary clutter.

Incorporate Free Content

The best way to get users to try out a new app is to provide basic access for free. If the app offers some value in its basic, free form, users will be less likely to balk at paying for more advanced features or services.

Many successful apps offer both free versions and paid subscriptions. Developers make money on the free versions by relying on ads, then make the paid subscription services ad-free. It’s a winning strategy for everyone from app developers to advertisers and, most importantly, end-users.

Develop for Both Android and iOS

To achieve maximum success, new apps must be able to reach as many potential users as possible. Designing for the two most popular operating systems, Android and iOS ensures that the app will be available to the vast majority of consumers.

Designing for both operating systems requires implementing a cross-platform development framework. Experienced developers know just what it takes to design apps that are perfectly streamlined for both Android and iOS. They also know that cross-platform design will cut back on costs later once the app becomes more popular.

Integrate Offline Functions

The Internet may be more or less ubiquitous in 2021, but that doesn’t mean users won’t appreciate offline functionality. Many users appreciate being able to access their apps’ most valuable features and contents offline. Since positive user experience defines an app’s success, entrepreneurs should plan to meet this expectation from the beginning.

Perform Extensive Testing

Pre-launch app testing is a crucial step in the development process, so don’t cut corners. Experienced developers can work with entrepreneurs to develop a testing strategy that’s appropriate for their apps’ unique contexts and applications. The plan will likely involve not just pre-launch testing, but also beta testing with customer feedback.

Laboratory testing can only offer so much insight into an app’s effectiveness and user-friendliness. Making the app available to beta testers prior to the official launch helps developers determine actual vs intended use. It also helps to ensure that the app will perform as intended in a real-world environment.

Welcome User Feedback

Before end-users get access to the app, developers should ensure that they have an easy channel for offering feedback. In-app communication is key. The app’s customer service channels should be intuitive and easy to access, connecting users to the right types of automated or personalized assistance, and making it easier to submit ratings, reviews, and feedback.

Creating an effective customer communications channel accomplishes three goals:

It motivates users to communicate problems directly to the development team instead of placing the app’s shortcomings in the public spotlight.

It minimizes the chances of users having bad experiences that could cause them to turn to competing apps, boosting app retention.

It gives developers an idea of what steps they could take to further improve the app’s design or service provisions in future updates.

Create an Effective Marketing Plan

Even a flawless app won’t perform well if no one knows about it. Coming up with an effective marketing plan during the development stages can be incredibly helpful. Assume that any successful marketing plan will involve pre-launch and post-launch campaigns.

Effective app marketing plans need to be more dynamic than some entrepreneurs may expect. If, for example, beta testing or initial customer responses post-launch indicate that the app’s actual audience is narrower, broader, or just plain different from its expected audience, the marketing plan will need to change to accommodate new potential users.

As with feature development, marketing plans should be focused. Don’t try to get everyone on-board at once. Remember, even Facebook started out as a highly targeted platform designed with students pursuing advanced educations in mind. It wasn’t until the platform established itself as an industry leader and began to attract attention from additional audiences that it expanded to target other key markets.

Trust the Experts

There’s a reason entrepreneurs hire development companies during the earliest stages of creating new apps. These industry pros know the ins and outs of everything required to create a stellar new product, so don’t be afraid to take advantage of their expertise.

If a professional developer recommends making certain changes, there are good reasons he or she has made that recommendation. Consider it carefully and work with the team to implement appropriate upgrades or alterations.

Ready to Get Started?

Already have an amazing idea for the world’s next big mobile app? The best way to get the development process started is to contact a company that can help. The online world changes fast, so don’t put off making the leap until someone else comes up with a similar idea. Take action and reach out now to discuss the first steps in the development process.

The results of this past election proved once again that the Democrats had a golden opportunity to capitalize on the failings of the Trump Presidency but, fell short of a nation wide mandate. A mandate to seize the gauntlet of the progressive movement that Senator Sanders through down a little over four years ago. The opportunities were there from the very beginning even before this pandemic struck. In their failing to educate the public of the consequences of continued Congressional gridlock, conservatism, and what National Economic Reform’s Ten Articles of Confederation would do led to the results that are playing out today.. More Congressional gridlock, more conservatism and more suffering of millions of Americans are the direct consequences of the Democrats failure to communicate and educate the public. Educate the public that a progressive agenda is necessary to pull the United States out of this Pandemic, and restore this nations health and vitality.

It was the DNC’s intent in this election to only focus on the Trump Administration. They failed to grasp the urgency of the times. They also failed to communicate with the public about the dire conditions millions have been and still are facing even before the Pandemic. The billions of dollars funneled into campaign coffers should have been used to educate the voting public that creating a unified coalition would bring sweeping reforms that are so desperately needed. The reality of what transpired in a year and a half of political campaigning those billions of dollars only created more animosity and division polarizing one extreme over another.

One can remember back in 1992 Ross Perot used his own funds to go on national TV to educate the public on the dire ramifications of not addressing our national debt. That same approach should have been used during this election cycle. By using the medium of television to communicate and educate the public is the most effective way in communicating and educating the public. Had the Biden campaign and the DNC used their resources in this way the results we ae seeing today would have not created the potential for more gridlock in our government. The opportunity was there to educate the public of safety protocols during the siege of this pandemic and how National Economic Reform’s Ten Articles of Confederation provides the necessary progressive reforms that will propel the United States out of the abyss of debt and restore our economy. Restoring our economy so that every American will have the means and the availability of financial and economic security.

The failure of the Democratic party since 2016 has been recruiting a Presidential Candidate who many felt was questionable and more conservative signals that the results of today has not met with the desired results the Democratic party wanted. Then again? By not fully communicating and not educating the public on the merits of a unified progressive platform has left the United States transfixed in our greatest divides since the Civil War. This writers support of Senator Bernie Sanders is well documented. Since 2015 he has laid the groundwork for progressive reforms. He also has the foundations on which these reforms can deliver the goods as they say. But, what did the DNC do, they purposely went out of their way to engineer a candidate who was more in tune with the status-quo of the DNC. They failed to communicate to the public in educating all of us on the ways our lives would be better served with a progressive agenda that was the benchmark of Senators Sanders Presidential campaign and his Our Revolution movement. And this is way there is still really no progress in creating a less toxic environment in Washington and around the country.

There are several potential financing options available to cash-strapped businesses that need a healthy dose of working capital. A bank loan or line of credit is often the first option that owners think of – and for businesses that qualify, this may be the best option.

In today’s uncertain business, economic and regulatory environment, qualifying for a bank loan can be difficult – especially for start-up companies and those that have experienced any type of financial difficulty. Sometimes, owners of businesses that don’t qualify for a bank loan decide that seeking venture capital or bringing on equity investors are other viable options.

But are they really? While there are some potential benefits to bringing venture capital and so-called “angel” investors into your business, there are drawbacks as well. Unfortunately, owners sometimes don’t think about these drawbacks until the ink has dried on a contract with a venture capitalist or angel investor – and it’s too late to back out of the deal.

Different Types of Financing

One problem with bringing in equity investors to help provide a working capital boost is that working capital and equity are really two different types of financing.

Working capital – or the money that is used to pay business expenses incurred during the time lag until cash from sales (or accounts receivable) is collected – is short-term in nature, so it should be financed via a short-term financing tool. Equity, however, should generally be used to finance rapid growth, business expansion, acquisitions or the purchase of long-term assets, which are defined as assets that are repaid over more than one 12-month business cycle.

But the biggest drawback to bringing equity investors into your business is a potential loss of control. When you sell equity (or shares) in your business to venture capitalists or angels, you are giving up a percentage of ownership in your business, and you may be doing so at an inopportune time. With this dilution of ownership most often comes a loss of control over some or all of the most important business decisions that must be made.

Sometimes, owners are enticed to sell equity by the fact that there is little (if any) out-of-pocket expense. Unlike debt financing, you don’t usually pay interest with equity financing. The equity investor gains its return via the ownership stake gained in your business. But the long-term “cost” of selling equity is always much higher than the short-term cost of debt, in terms of both actual cash cost as well as soft costs like the loss of control and stewardship of your company and the potential future value of the ownership shares that are sold.

Alternative Financing Solutions

But what if your business needs working capital and you don’t qualify for a bank loan or line of credit? Alternative financing solutions are often appropriate for injecting working capital into businesses in this situation. Three of the most common types of alternative financing used by such businesses are:

1. Full-Service Factoring – Businesses sell outstanding accounts receivable on an ongoing basis to a commercial finance (or factoring) company at a discount. The factoring company then manages the receivable until it is paid. Factoring is a well-established and accepted method of temporary alternative finance that is especially well-suited for rapidly growing companies and those with customer concentrations.

2. Accounts Receivable (A/R) Financing – A/R financing is an ideal solution for companies that are not yet bankable but have a stable financial condition and a more diverse customer base. Here, the business provides details on all accounts receivable and pledges those assets as collateral. The proceeds of those receivables are sent to a lockbox while the finance company calculates a borrowing base to determine the amount the company can borrow. When the borrower needs money, it makes an advance request and the finance company advances money using a percentage of the accounts receivable.

3. Asset-Based Lending (ABL) – This is a credit facility secured by all of a company’s assets, which may include A/R, equipment and inventory. Unlike with factoring, the business continues to manage and collect its own receivables and submits collateral reports on an ongoing basis to the finance company, which will review and periodically audit the reports.

In addition to providing working capital and enabling owners to maintain business control, alternative financing may provide other benefits as well:

It’s easy to determine the exact cost of financing and obtain an increase.
Professional collateral management can be included depending on the facility type and the lender.
Real-time, online interactive reporting is often available.
It may provide the business with access to more capital.
It’s flexible – financing ebbs and flows with the business’ needs.
It’s important to note that there are some circumstances in which equity is a viable and attractive financing solution. This is especially true in cases of business expansion and acquisition and new product launches – these are capital needs that are not generally well suited to debt financing. However, equity is not usually the appropriate financing solution to solve a working capital problem or help plug a cash-flow gap.

A Precious Commodity

Remember that business equity is a precious commodity that should only be considered under the right circumstances and at the right time. When equity financing is sought, ideally this should be done at a time when the company has good growth prospects and a significant cash need for this growth. Ideally, majority ownership (and thus, absolute control) should remain with the company founder(s).

Alternative financing solutions like factoring, A/R financing and ABL can provide the working capital boost many cash-strapped businesses that don’t qualify for bank financing need – without diluting ownership and possibly giving up business control at an inopportune time for the owner. If and when these companies become bankable later, it’s often an easy transition to a traditional bank line of credit. Your banker may be able to refer you to a commercial finance company that can offer the right type of alternative financing solution for your particular situation.

Taking the time to understand all the different financing options available to your business, and the pros and cons of each, is the best way to make sure you choose the best option for your business. The use of alternative financing can help your company grow without diluting your ownership. After all, it’s your business – shouldn’t you keep as much of it as possible?