5 Myths Preventing Small Businesses from Building Mobile Apps

5 Myths Preventing Small Businesses from Building Mobile Apps

In the world of advancement where businesses are moving towards mobile apps for their business marketing and growth, it becomes so much more important for small businesses to take the next step to succeed. Many businesses are developing mobile apps and this allows them to increase sales and build business success.

On the other hand, there are also some myths, which are preventing small businesses from building or adopting mobile apps.

Here are 5 myths, which prevent businesses from building mobile apps:

1.  Hard to Afford Mobile App Development: Developing mobile apps is not as easy as using it. It needs proper skills and efficiency to develop apps. Also it is not a process, which can be completed within minutes, days or even weeks. It’s a myth that only well-established businesses can afford mobile apps. Even when you’re starting out, incorporating apps for your business can be affordable depending on the features that you would like on your app.

2.  Mobile Apps Are Not Essential: Many small businesses mistaken that they are well–known to customers. They find websites and e-mails suitable and enough for their marketing. They don’t find mobile apps necessary for them and they do not even consider the possibilities and growth that a mobile app can bring to their business. If businesses stick to their traditional ways of marketing, the customer growth will remain the same, and may even decline progressively as time goes on. With so many cheap upcoming mobile phones, every customer now has a mobile phone and is interested in your app.

3.  Social Networking is Enough: Some businesses believe that promoting their business or marketing their business via social networking like Facebook and Twitter are enough for their business promotion and marketing. But the truth is such sites use filters for their posts and updates and many of your business’ posts may be missed.

 4.  Mobile Apps have the Same Features as a Website: Some businesses believe that mobile apps contain the same information as their official website. This is not the case. Mobile apps consists of so many features, which benefit the customers direct. These include push notifications and GPS functions. Mobile apps also consists of features like sending e–mails and messages and can post updates about their offers and product launch and so much more.

 5.  Mobile Apps are Time Consuming: Small businesses believes that mobile apps are time consuming.  They believe that in order to maintain the app, a lot of time is involved. Mobile apps reduces time in the end, it provides facilities like making reservations and bookings for customers to access and organize themselves. Time is also saved by not answering the phone as much when there are various self-access features available on the apps.


Thinking About a Drink & Bar Business?

Like many people, this writer has not given much thought to what drinks to try in a Japanese bar.  After much research on the internet, some interesting facts have been revealed.  For one thing, many Japanese people are unable to ‘drink too much’, as their bodies lack the enzyme which breaks down the alcohol.  According to the information available, many drinkers simply fall asleep after consuming alcohol, while others—the unfortunate ones—can die from imbibing without having any other of the more fun effects of euphoria or ‘buzz’ after drinking.

However, there are still bars in Japan and even a few in other countries.  So, following is a list of alcoholic beverages which are likely to be found in a true Japanese bar.

  1.   Both men and women in Japan drink beer.  The consumption of beer is also across all age, socioeconomic, and lifestyle levels.
  2. Japanese drinkers love whisky.  They prefer local distilleries whose offerings are sold with water on the side.  Whisky is generally drunk by older men with substantial financial means.
  3. Previously thought of as a foreign drink, it is becoming more common place to drink wine or ‘clear’ spirits.  Women favor these alcoholic beverages more than men; but, as previously mentioned, women drink beer as well.
  4. This drink is the quintessential Japanese alcohol, and is surprising low on the list of the favorite Japanese alcoholic drinks.  It is served cold in the summer and hot in the winter.  Made from rice, it is favored by the older generation and those who enjoy their retirement years.  It also has a strong kick, and should be drunk with great care.
  5. There are many combinations of cocktails offered in Japanese bars.  Everything from a Sake Mojito to a Choya-tini, which is a combination of Choya Shiso, dry vermouth and a lemon twist can be on a menu, but mainly in high end bars and hotels.

Chinese historians have documented the fact that even ancient Japanese liked to drink alcohol.  As far back as the third century, the Japanese people celebrated life events such as weddings, funerals and festivals with drink.

Today’s Japan is no different.  Even though their drinking culture is far removed from the westerns culture, they do have a wide variety of alcoholic beverages available.  In addition to this, as with most things, the Japanese have a code of etiquette associated with it.

One is never expected to pour his or her own drink, for instance.  It is up to your friend, or even a total stranger, to fill your glass.  It is considered in poor taste. Speaking of glasses, they are usually small, with the liquor being poured into the glass from decanted bottles or cans.   Of course, there is also ceremony associated with the pouring of spirits, as both the pourer and receiver are expected to acknowledge the act with a smile and a bowed head as a thank-you.

How to Start a Startup?

Live in the future. Most of us live in the past or the present. It is much easier to examine exactly what already was successful and think of ways to duplicate the success. It’s thinking by example. It is a legitimate way to believe, except that this isn’t the method to create a huge startup. Huge startups are based upon ideas of 2 kinds– apparent and difficult, like Elon Musk’s SpaceX; and non-obvious and tough, like Uber. If you do not see the apparent and difficult or the non-obvious, there is a name for it– “Schlep Blindness”. SpaceX is an apparent idea because the only other business that might send people to Mars, NASA, had no plan to do so at the time SpaceX started. So it is obvious. Because it is apparent and nobody else is doing it– a reasonable presumption is that it is impossible. Yet if you live in the future, it will also be apparent to you that mankind will either go to Mars (or another world) or go extinct at some point. More likely we will find a method to leave this blue pebble. So the difficult must be possible. With UberPool, the concept that at any provided moment there are at least 2 people going from about the very same area to about the same location is non-obvious. It requires at least 3 presumptions. It is hard because you would have to gather and store mountains of data about where people really enter a city. That sort of data analysis is just becoming available now. But Uber thought of it when they provided their first flight back in 2009. They were residing in the future.
See exactly what is missing in the world. You most likely discovered that prior to Uber, taxi trips weren’t pleasurable. You most likely saw that prior to SpaceX individuals were less thinking about space. However that is already the past. What is missing out on now? More significantly what is missing out on from your life now?
Write it down. No matter how smart you are, you will not remember all your insights. Your discussions with others, random observation, and shower ideas that are worth following up on. Compose these done or lose them. Daydreaming has worth. Einstein had another name for it– believed experiment.

Make a prototype. The majority of your thoughts, even the very best ones, will never ever see the light of day regretfully. You will forget them into oblivion even if you compose them down. The only exceptions are those thoughts you model. Makethem physical if they can be– program them, develop them, do anything that makes them more than simply thoughts. The majority of people will stop right here. So if you do this, you are already ahead of the imaginary curve.
Show the model to 100 people. Now you will need to get out of your comfort zone and seek out people who will critique your model. Preferably, these are both individuals you already understand and complete strangers. Why 100? Since you require a breadth of point of view and ideally a pattern to recognize from all the feedback.
Iterate. Although a few individuals will get it right on the very first shot, the chances are you will not. So prepare to renovate whatever from scratch. This is your “creator MBA”, except it is complimentary.
Find a co-founder. When the model begins making sense, go discover another person who will put a decade of their life into this job due to the fact that it will alter the world and they probably do not have a more meaningful thing to do in life at the minute.
Register your service. Split equity. Finally, an easy step. Get an attorney who will register your business. Give your co-founder as much equity as will make them work their hardest, while you keep as much as will make you give it your all.
Search for funding and develop variation one. Unless you have sufficient cost savings to construct version one, go discover a financier. While you are doing that build version one. You have to keep structure due to the fact that there is no guarantee about when or whether you find a financier. Don’t presume that you will even if other start-ups are getting moneyed. Assume the worst, and develop your product.
Launch. By the time there is even an iota of effectiveness in your item, launch it. Additional features, better user interface, faster load time and other optimizations most likely will not save it, if the core features have no usage.

Running a Small Business

Being a small company owner includes challenges unique to the size and function of business. The small business owner needs to handle all the obstacles of selling, providing, financing, handling and growing business with little or no personnel, while trying to make it a success. The most crucial of all is to keep the interest of all stakeholders like customers, suppliers and group to build momentum in a short period of time. Running a small business can be extremely gratifying both personally and economically.

Put your idea into composing. It is necessary to take the concepts in your head and get them down on paper. A lot of successful organisations provide a new product and services or fill an existing niche in the market. Whatever your reasons may be for beginning a small company, make sure to plainly and concisely put them in composing. [1] It can be helpful to go through lots of drafts or models of your company plan.
Consist of as numerous information as you can in your business strategy. Overthinking the information is never as harmful as overlooking the details.
It can also work to consist of concerns in drafts of your company plan. Determining what you have no idea is as handy as noting things you are sure about. You do not want to provide an organisation plan with unanswered questions to possible financiers, but laying out relevant concerns in your preliminary drafts will assist you recognize questions that need answering in your final organization plan.

Meet with your local Small Business Advancement Center. SBDC’s provide assistance during all phases of business life cycle. They can assist you create an excellent company strategy to approach a lending institution with and their therapy is constantly complimentary.

Determine your customer base. In your business plan, you have to recognize who you believe will buy your service or product. Why would these individuals need or desire your services or product? The response to these concerns should assist to identify all other aspects of your service’ operations. [3] Here, it beneficial to ask concerns of your service or product. For example, you may want to ask concerns like, does my product/service interest younger or older people? Is my product/service budget friendly for lower-income consumers or is it a high-end purchase? Does my product/service interest people in specific environments? You will not be selling many snow tires in Hawaii or beach towels in Alaska, so be practical about the appeal of your product.

Detail your financial resources. In your service strategy, you need to deal with essential questions about your business’ fiduciary scenario.
How will your services or product create loan? How much loan will it create? Just how much does it cost to produce your service or product? How do you plan to pay functional expenses and staff members? These, and others, are critical question you have to answer in planning your small business’ financial future.

Interview of Billionaire Mark Cuban!

Billionaire entrepreneur Mark Cuban states he will give a charity of Donald Trump’s option (or Trump himself) $10 million if Trump accepts a four-hour interview with Cuban about his “policies and their substance.” Cuban’s challenge came hours after Trump said Cuban wasn’t clever enough to understand his strategies.

Cuban released his difficulty to Trump on Twitter Friday. Cuban, whose net worth Forbes price quotes is $3.3 billion, is a prolific Twitter user and an outspoken critic of Trump’s campaign. After the preliminary obstacle, Cuban said he could instead compose Trump an individual check for the cash instead of offering it to a charity, if Trump required it. (Previously this summertime, Cuban raised doubts about Trump’s net worth, stating in a tweet that Trump didn’t have the money to support his campaign). On Twitter, Cuban set out ground rules, stating that Trump would just have the ability to discuss his own plans, wouldn’t be allowed to mention the Clintons and would be alone with Cuban for the interview, other than for a broadcast team.

Earlier Friday morning, Trump stated that Cuban wasn’t smart adequate to comprehend his policies in an interview with Fox Business Network. Host Maria Bartiromo played a sound clip of Cuban saying the marketplace would “tank” if Trump won the election. Trump responded: “Well, I know Mark and you know, the issue with Mark, he is not smart enough to understand exactly what we are doing. He’s truly not smart enough in my opinion to actually comprehend exactly what’s going on. I have actually understood him for a very long time. He tweets me all the time.”

Cuban responded to a tweet revealing the records of Trump’s comments about him and called Trump’s strategy “jibberish.” Minutes later, he proposed his $10 million interview idea in a tweet storm, ending with the remark: “In the never-ceasing words of YOU. ‘What do you have to lose?”

Simply yesterday, Bloomberg published an e-mail interview with Cuban, which discussed how Cuban went from initially being thrilled about Trump’s governmental run to being an outspoken Clinton fan. “I liked Trump’s honesty due to the fact that it was different and had a possibility to alter the business of politics,” Cuban said in the interview. “What I didn’t understand he was missing out on at the time was a complete and utter absence of preparation, knowledge, and common sense.”

Cuban is the 2nd billionaire today to pledge money contingent on Trump’s behavior. On Monday, fellow Trump critic and LinkedIn cofounder Reid Hoffman provided to donate approximately $5 million to veterans groups if Trump launches his income tax return prior to the last presidential debate. Hoffman, whose net worth Forbes estimates at $3.8 billion, assured to match donations to a 26-year-old veteran’s crowdfunded campaign with a 5x contribution up to $5 million. So far, the campaign has actually raised $175,000.

Top Startups To Watch 2017

1. DimensionalMechanics commoditizes AI

In some ways, artificial intelligence is no more outstanding than good sense. After evaluating countless Instagram posts and their corresponding likes, the team at DimensionalMechanics, a Bellevue AI company, had created a program on its NeoPulse platform that examines how fascinating people might find an image. A broadcast business the firm is dealing with required convincing, so they ran a test with a series of images to see whether the AI referred editors’ intuition. The image roll included police tape with a blurred police automobile behind it– long a B-roll stalwart– and a shot of Mariah Carey showing generous cleavage. You can imagine exactly what image the AI endorsed.

CEO & Founder

It’s those types of judgments, albeit ones that aren’t as apparent, that DimensionalMechanics intends to help clients with. The company recently started beta screening NeoPulse, which assists business build artificial intelligence programs without an artificial intelligence researcher on personnel. “We wish to turn AI into a commodity,” stated Rajeev Dutt, CEO and creator.

One application predicts the efficacy of headings. During a demonstration, engineer Armen Aghajanyan typed “President Obama and Other half Michelle Obama See Seattle and Cincinnati Gay Pride Parades” into the engine, and, based upon previous analyses of headline performance, NeoPulse predicted that dumping discusses of the First Girl and of parades would double traffic. “I don’t know exactly what people have against parades,” he said.

Dutt believes this is the future of computer-assisted decision making. “Our core focus is to make AI accessible. … Our focus is to enable whatever from small businesses to business applications.”

NeoPulse has been used to tag and search video archives, detect nudity, and render 3D images (the initial vision for the business was in the virtual-reality sphere). So far, clients are amazed; Dutt anticipates to ink at least two contracts this fall.– JB

Given the choice in between biking in the rain or driving in the rain and holding a conference call and receiving turn-by-turn directions, the dedicated professional will choose the latter.

But for a week in August, I picked the previous. Equipped with an electrical bike from Propella and a linked helmet from Coros, I was able to ride uphill without breaking a sweat, to accept calls and hear road sound, and I didn’t look like a buffoon utilizing either product.

After a couple weeks of using Coros’ LINX helmet, I met the company’s CEO, Chuck Frizelle, at a coffeehouse in Seattle. “As I was coming here, I almost faced 2 knucklehead bicycle riders, both which had earbuds (in),” Frizelle stated. “How do we get rid of the earbud? How do we offer individuals the music and podcasts and capability to take call, yet keep their ears wide open?”

The specifying feature of Coros’ product is the bone-conduction speakers that rest on the rider’s cheekbones rather of inside the ears. Combined with the microphone, sneakily installed in the forehead, they make mid-ride telephone call a breeze.

” We have actually had purists who would never ever listen to music” try the helmet, Frizelle said, “and One Hundred Percent of them come back and say, ‘This is amazing.'” Music for me, nevertheless, was an elusive pleasure– traffic sound consistently overpowered the speakers.

Because exact same traffic was where Propella’s bike was most satisfying. My test trip, a single-speed geared up with a six-pound battery where the water bottle generally sits, proved a deserving steed for metropolitan commutes. With the throttle thumbed and a couple of pumps of the legs, the bike rapidly gets up to 20 miles per hour– the motor’s maximum speed– and got me darting between vehicles in downtown Seattle.

Including electricity to cycling’s two most essential products makes the activity immediately more possible for commuters. I’m not a performance-oriented cyclist; buses handle the long legs of my commute. However Coros permitted me to field call and turn-by-turn instructions on a journey to an unknown Redmond office park, and Propella had me travelling at 15 miles per hour up the hill near Microsoft’s school that I typically dread.

” Our target clients are, well, in the gray location,” Propella creator Ben Tarassoli said. “Our minimalist approach helps that. We don’t desire an electrical bike that’s too aggressive or effective, however we don’t desire a regular bike, either. So our target client is … considering updating to get an increase of power.”

Both items have early-generation issues. Coros’ app translates decimal points as commas when it reads off trip stats; I was shocked to hear I had ridden 3,250 miles on a recent journey. Propella’s pedal-assist mode fires up when you stroll the bike, and I have abrasions on my calf to prove it.

But if you consider Coros’ and Propella’s first products as looks into the future of biking, you’ll see a practical road ahead. Strangely enough, these expensive products (Coros will retail for $200, and Tarassoli anticipates Propella bikes to eventually be cost $1,200) could equalize biking for all. After all, those two products are vastly cheaper than a cars and truck, and they’ll still get you to work on time and let you talk with your boss along the way.– JB

How To Finance Your Business

Finding financing in any financial environment can be challenging, whether you’re trying to find start-up funds, capital to expand or cash to hold on through the tough times. But provided our existing state of affairs, protecting funds is as difficult as ever. To assist you discover the money you require, we have actually put together a guide on 10 financing strategies and what you should understand when pursuing them.

1. Think about Factoring

Factoring is a finance technique where a business sells its receivables at a discount rate to obtain cash up-front. It’s frequently utilized by business with bad credit or by companies such as apparel makers, which need to fill orders long prior to they make money. Nevertheless, it’s a pricey way to raise funds. Business selling receivables typically pay a fee that’s a portion of the overall amount. If you pay a 2 percent fee to obtain funds 1 Month beforehand, it’s equivalent to an annual interest rate of about 24 percent. For that reason, the business has gotten a bad reputation for many years. That stated, the economic recession has forced companies to planning to alternative funding approaches and business like The Receivables Exchange are aiming to make factoring more competitive. The exchange allows companies to use their receivables to dozens of factoring companies simultaneously, along with hedge funds, banks, and other finance business. These lending institutions will bid on the invoices, which can be offered in a package or one at a time.

2. Get a Bank Loan

Loaning standards have gotten much stricter, but banks such as J.P. Morgan Chase and Bank of America have allocated extra funds for small company lending. So why not apply?

Find out more on what you have to learn about filling out a loan application.

3. Use a Credit Card

Using a credit card to fund your service is some severe risky business. Fall behind on your payment and your credit history gets whacked. Pay just the minimum each month and you could produce a hole you’ll never ever get out of. However, utilized responsibly, a credit card can get you out of the periodic jam and even extend your accounts payable period to shore up your cash flow.

Read more on financing your service with a charge card.

4. Use Your 401( k).

If you’re jobless and considering starting your very own organisation, those funds you’ve built up in your 401( k) for many years can look quite tempting. And thanks to arrangements in the tax code, you really can take advantage of them without penalty if you follow the best actions. The steps are easy enough, but lawfully complicated, so you’ll require somebody with experience establishing a C corporation and the appropriate retirement plan to roll your retirement properties into. Remember that you’re investing your retirement funds, which indicates if things do not turn out, not only do you lose your business, however your nest egg, too.

Read more on financing an organisation with your 401( k).

5. Attempt Crowdfunding.

A crowdfunding website like Kickstarter.com can be a fun and efficient method to raise loan for a reasonably low cost, innovative job. You’ll set an objective for how loan you ‘d like to raise over a period of time, state, $1,500 over 40 days. Your good friends, household, and complete strangers then utilize the website to pledge cash. Kickstarter has funded approximately 1,000 tasks, from rock albums to documentary since its launch in 2015. But remember, this isn’t really about long-term financing. Rather, it’s supposed to assist in the requesting and offering of assistance for single, one-off ideas. Typically, project-creators provide incentives for promising, such as if you provide an author $15, you’ll get a book in return. There’s no long-term return on investment for fans and not even the ability to write off donations for tax functions. Still, that hasn’t stopped near to 100,000 people from promising to Kickstarter projects.

Read more on using Kickstarter for business.

6. Promise Some of Your Future Incomes.

Young, enthusiastic and ready to make a bet on your future incomes? Think about how Kjerstin Erickson, Saul Garlick and Jon Gosier are aiming to raise loan. Through an online market called the Thrust Fund, the three have provided a percentage of their future lifetime profits in exchange for upfront, undesignated endeavor financing. Erickson is willing to switch 6 percent of her future lifetime profits for $600,000. The other two business owners are each offering 3 percent of future incomes for $300,000. Be careful: the legality and enforceability of these “individual financial investment contracts” have yet to be established.

Learn more on trading future profits for moneying now.

7. Attract an Angel Financier.

When pitching an angel investor, all the old guidelines still use: be succinct, avoid lingo, have an exit strategy. But the financial chaos of the last couple of years has made a complicated video game even harder. Here are some pointers to win over angel interest:.

Include experience: Seeing some gray hair on your management group will help alleviate financiers’ worries about your business’s ability to handle a difficult economy. Even an overdue, but highly experienced advisor might add to your credibility.
Do not be a fad-follower: Did you begin your business due to the fact that you are genuinely enthusiastic about your idea or due to the fact that you want to capitalize the most recent pattern? Angels can find the difference and won’t provide much focus on those whose companies are essentially get-rich-quick schemes.
Know your stuff: You’ll require market evaluations, competitive analysis and solid marketing and sales strategies if you expect to obtain anywhere with an angel. Even young business have to show a specialist knowledge of the market they will enter along with the discipline to follow through with their tactical plan.
Communicate: An angel might not be interested in your business right away, specifically if you don’t have a track record as a successful business owner. To combat that, you ought to formulate a way to keep them in the loop on huge developments, like a major sale.