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Maksym Babych 2021-11-05
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Are you a founder, a product manager, a FinTech company, or an executive from a financial institution with a desire to build an e-wallet application?If you gave a positive answer to this question, then read this for all you need to know about creating an e-wallet app from scratch.In this article, we’ll touch on the following points:What is a digital wallet application?Basic information about e-wallet startups;A step-by-step guide to building your e-wallet product;How much does it cost to create a digital wallet mobile app;How to find a reliable FinTech development partner;And more!If you prefer visual to text, then go straight to the bonus infographic “How to develop mobile wallet application”.Let’s get straight to the point.Why Every Fintech Startup Develop an E-wallet AppTake a look at some statistics suggesting why you should own an e-wallet:It is estimated that the market for e-wallet will enjoy a 28.2% CAGR, representing growth from $1 trillion to $7.5 trillion in 2027.

This CAGR reflects the opinions of many that mobile payment apps have a high adoption rate by new users.A 2021 study by FIS  shows that the use of e-wallets at the point of sale (or POS) has increased by 19.5% in the past one year.The global e-wallet money transfer industry is expected to be worth $2.1 trillion by 2023.66% of Americans consider e-wallets as the most convenient option for financial transactions.To avoid just dry numbers, let’s look at a real-life example of mobile app development in the e-wallet niche.Example to Learn From: RevolutA company that has excelled in this industry within a short time frame is Revolut.Revolut is a financial technology company with an e-wallet app that helps users gain more from their money.Although the startup launched in 2015, it currently has 4.5 million users worldwide and is valued at $1.7 million.Revolut is the perfect example of how fast a FinTech startup can grow with an e-wallet application to make payments, and then transform it into a super app, an all-in-one service provider with a bunch of different financial services.We hope that you and we now have the same understanding of the market reasons for launching a new wallet app.Let’s take a look at the cost of developing an e-wallet application.What’s the Cost of Developing an E-wallet App?The cost of e-wallet app development varies from $45,000 to $250,000.The required budget depends on multiple developmental factors such as the number of integrations, complexity of workflow, and type of the development team.Beyond these developmental factors, the design and discovery phase also has a role to play in determining the overall app cost.Step-by-Step Guidance in E-wallet App DevelopmentHere are the steps to follow in developing your e-wallet.

Let’s go through the details of creating an e-wallet app from scratch.Step 1: Discovery PhaseThe discovery stage is the first step in developing an e-wallet.

This stage is designed for the development team to understand the concept, audience, and market of the future application.This will greatly reduce the risks of creating a useless product, and help plan the budget for the design, development, support, and promotion of your FinTech startup.In turn, the discovery phase consists of sub-steps that are incorporated into the overall development process, namely:Idea validation.

It’s a conceptual design that guarantees that every user has the most remarkable experience achievable while using your app.Create a project blueprint.

This will help create a useful product that your users will love.It also allows you to see the weak points of the existing concept and plan with the development team on how to improve it.Now let’s look at some specific key points to consider during the project discovery phase of your e-wallet app development.Point 1.

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Maksym Babych 2021-10-01

How to Make an On-Demand Grocery Delivery App: A Comprehensive GuideHi there!Looks like you’re interested in how to create a grocery delivery application.

Here we go.This guide is designed to help startup founders, product managers, and serial entrepreneurs to find out all the details of a custom grocery delivery app development.You’ll learn about:Why now is a good time in the market to launch a new grocery delivery app,How much it costs to develop a grocery delivery app,What the steps to develop a grocery delivery app are,A checklist to find and choose a technical partner,And more!Without further ado, let’s start with the definition of a grocery delivery app, and how it differs from similar apps.If you prefer visual to text, then go straight to the bonus infographic “How to make a grocery delivery app”.What Is a Grocery Delivery Mobile App?A grocery delivery application is an app that allows users to order their groceries online.

The app owners are responsible for facilitating the grocery delivery to users’ homes according to their terms and conditions.Most grocery apps are subscription-based, meaning that users have to pay monthly fees or annual fees in addition to the price of groceries on the platform.As a startup, you have the option of creating different types of grocery delivery apps.

The two most prominent applications are:AggregatorsMarketplacesAggregatorsAggregators are apps that basically list nearby grocery stores to platform users.

However, they differ in their core mode of functioning.This grocery app allows merchants nearby to display their groceries while customers contact them via the platform.

Well, now is the best time to have one as an entrepreneurial endeavor.According to data from AppTopia, owning a grocery delivery product is a very profitable move.

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Maksym Babych 2021-07-20

Today, there is no need to go to your bank branch to transfer cash or check your account status.One can simply do this using a banking app on their smartphone.To your surprise, these apps have gained a lot of popularity in the last ten years.

Around 90% of the users use mobile banking apps to check balance and 79% use them to view their transactions.All these stats prove that the idea of banking app development will be a goldmine for you in the coming time.If you are in for this, then keep reading to know more!A Quick RefresherHere are some more stats that favor the idea of mobile banking application development:The Allied Market Report suggests that the market of global mobile banking stood at $715.3 million in 2018.

Plus, it is speculated to rise up to $1,824.7 million by the year 2026 at a CAGR of 12.2%.People within the age group of 25-34 use banking apps most frequently.

So, developing a banking application is a great idea to implement.How to Make a Banking Application?The road to mobile banking application development is an easy one if you consider all the indispensable aspects and take one thing at a time.So, before you jump into the development formalities of the banking application, you need to make sure if your application idea is viable or not.Stage 0.

As long as one is not focused on his or her business goal, they may end up in the 13% of the startups that fail due to losing their focus.Identify target audienceIf you have undertaken the market research process well, then this will be a bit easy for you.

And if they do, which users need it.Gen X, Gen Z, and Millennials should be your primary target audience for a banking application.What Are the Pros of the Discovery Phase?If you are a founder and take up the discovery phase of your banking application seriously, you will surely get rewarded with the following:Validates the idea: This phase will validate the viability of the idea.

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Maksym Babych 2021-04-16

The app redesign was not liked much by the users.You know you are going for an app redesign, but are you aware of the reason for the redesign.

How will you deduce the results?If you are looking for clear answers to these questions, we‘ve got your back.

Ask yourself, “how to redesign an app UX.” Find the answer to, what do the customers like or don’t?By understanding their perspective, you will have clarity on the facets that aren’t working well on the mobile app or the website.Here are some aspects that will help you know your customer perspective better.FactorDescriptionBad feedbackSometimes funny, sometimes rude, and sometimes a tad straightforward.

Getting all the opinions should help you in visualizing the kind of redesign you should go for.Also, note that If a website isn’t updated or redesigned for more than five years, 88% of consumers may never come back.You may get an idea about this through the feedback.This makes it necessary to undertake the process of how to redesign a website UX.Low conversionsPositive feedback and reviews boost conversions.

If the feedback is bad, expect the conversions to be less.

Features like on-page videos, readability, and speed of your website also affect conversions.Hence, you need to focus on all of these to boost conversions.

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Maksym Babych 2021-11-02
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Are you an innovator, a founder, or a product manager who is looking for cutting-edge FinTech startup ideas?Are you looking for an idea to awe potential investors to your Startup?If you answered yes to both questions or even one of them, then you’re in the right place.This article will help you generate new ideas and make your FinTech startup thrive in the $300 billion FinTech industry.Let’s dive right into the crux of the article.An Exposé on the FinTech MarketThe FinTech Market is undoubtedly the fastest growing in the finance industry, as it has a CAGR of about 8.6%.Financial transactions volume done via FinTech is expected to grow to $6.6 trillion by the end of 2021, from $5.47 trillion in 2020.Thus, if you’re wondering, “when is the best time to launch a FinTech product?” The answer is “Now.”Want more statistics to support the opinion on why this is the best time to own a FinTech startup?

Check the points below:90% of smartphone users make mobile-based payments.Ant group is the most prominent FinTech company in the world, and it currently boasts of over $300 billion net worth.23% of US consumers use the services of a FinTech company, and this is expected to grow exponentially over the years.94% of financial service companies are optimistic that FinTech will drive growth in the sector.From the statistics above, you’ll be missing out on the highly profitable gains from owning a FinTech product now.Need some blockbuster FinTech ideas to inspire your next product?

Let’s dive right in.8 Ideas to Launch FinTech Startup Right Now1.

Digital Banking AppDigital banking is considered the goose that lays the golden egg for startups in FinTech.

This is primarily due to its importance in the automation of financial transactions and other traditional banking services.Banking service consumers are particularly enthusiastic about digital banking as it grants them access to a gamut of banking products and services without the hassle of visiting financial institutions.

You can find out more about banking app development.Let’s take a look at key insights for this idea for a FinTech app.2.

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Maksym Babych 2021-09-20

Are you a founder struggling to develop that cutting-edge idea for your startup?

Have you come up with a plan to create an EdTech app, but you don’t know how to go about it?Are you stuck with the question: Is this the right time to develop an educational app?If you have any of these questions in mind, then you should read this article on educational mobile application development.This article will help you learn how to create an e-learning app that will give your startup the breakthrough it needs.If you prefer visual to text, then go straight to the bonus infographic “How to build EdTech startup”.Let’s get started.Why Is It a Good Idea to Create an EdTech Startup Right Right Now?As we all know, the Covid-19 pandemic and the consequential restrictive laws changed the way people interact, work, and learn.A prime example is the concept of learn-unlearn-relearn, which is widely adopted.

You could even say that it is a highly concise framework for the entire learning process in the 2020s.The outcome of this opens opportunities for educational app development to develop new EdTech products and bring new business models and innovation.Therefore, future founders should create innovative apps that appeal to students, tutors, and educational institutions.Some online educational solutions that entrepreneurs should consider due to the surge in demand include:Learning applications for easing the learning process of toddlers.Students, applicants, and pupils that need help to prepare for exams,Specialists willing to get a new qualification,Individuals with the desire to try something different, upgrade their educational qualifications and master a skill.To help you make an educated decision on the type of app you’d like to opt for, we’ll discuss the cost involved in subsequent sections but first, let us discuss the market landscape.E-Learning Market StatisticsResearch by Statista suggests that the eLearning market will be worth $243 billion by the end of 2022.Another report indicates that the market will increase by $289 billion in 2024.Prediction by Research and Markets data provider suggests that the global EdTech market will be worth a staggering $398 billion by the end of 2026.The online learning market is well on course to bring this prediction to reality as investments in this sector peaked in 2020.Most of that money, 42.9%, which are going into EdTech are based in the US.Of all those investments, a significant part of that money went to AI-based learning tools, e.g., virtual reality, while mobile learning tools account for 15.9% of the investment.Best Time for Mobile App DevelopmentDuring the first half of 2019 and up to now, the Covid-19 pandemic caused a surge in traffic going to online educational platforms and learning materials.Both Android and Apple app stores experienced a near 100% increase in educational application download within this period.Educational apps currently rank the third most popular application category on Apple Store and the second most downloaded category on the Google Play Store.The primary reason for the increase is the impact of the Covid-19 pandemic that has shifted from the traditional teaching method.

It shows that people are gradually beginning to embrace the idea of learning with apps.More and more tech companies recognize this demand surge and are filling the gap by venturing into application development for the education industry.For example, TikTok launched #LearnOnTikTok in 2020, a platform that helps TikTok users self educate in a fun but highly educative way.As they say, use gamification correctly, and it will become a viral trend.What’s the Cost of an Educational App Development?The cost of the development of an educational app varies from $25,500 to $50,000.

It is the price of creating an MVP.The price depends on various factors: from the complexity of an idea to the level and location of an app development company.

Let’s take a closer look at a few factors.

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Maksym Babych 2021-07-20

It is most beneficial for startups who need web designers on a one-time or even continuous basis.Some may still say, “Why should I outsource website design?” To clear the air, here are a few eye-opening statistics:As many as 78% of businesses feel optimistic about outsourcing.24% of businesses believe that outsourcing helped them handle their projects better.The global outsourcing market grew to 92.7 billion dollars in 2019.Let’s move ahead and know more about outsourcing web design work.Some Quick Benefits of Outsourcing Web Design WorkOutsourcing web design work serves many purposes.

Saves TimeBuilding a web design team takes ample time.

Let You FocusWhile you outsource website design work to others, it leaves you with sufficient time to focus on other essential business operations.

You can leverage this time to get more clients, marketing, and grow your business.For instance, Intel, the largest supplier of computer chips worldwide, is in talks with Samsung and TSMC to outsource some of the manufacturing work to the ace chip builders.

The decision is expected to help the company improve delays they have suffered for years.4.

With digitization, endless opportunities around the world are waiting to be explored.5.

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Maksym Babych 2021-04-09

How many people, so many opinions.Yet, we have been building startups for 8 years and managed to form our own vision.Outsourcing software development means collaborating a founder with an off-shore team.

The goal is to build a successful on-market startup or business solution.Instead, there is an entire science behind how to outsource your software development.

Let us share insights about how to’s and how much does it cost to outsource software development.The Manifold Benefits of OutsourcingSoftware development outsourcing has many benefits apart from cost-efficiency.

BenefitDescriptionSmall In-House TeamWith outsourcing, you only need a handful of people to work on a payroll basis.

This will reduce the workspace requirements and go through hiring, managing, and retaining people.Global TalentTo outsource software development means you can access a global talent pool.

You will work with developers, designers, testers, analysts, and others from different countries with new perspectives.Leverage the CloudOutsourcing gives you several opportunities to utilize proficient cloud technologies.

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Maksym Babych 2021-10-13
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How to Create a FinTech Startup: A 6-Step Guide to Make a Fast-Growing ProductAre you a startup owner, product manager, or serial entrepreneur with an inherent desire to start a FinTech company from scratch?

Do you need a concise guide that can help you set up a FinTech startup in your quest?If that sounds like what you need help with, then this article is for you.What Lies Behind Starting a FinTech Startup?Starting a FinTech startup entails more than meets the eye.

Check out the statistics in the section below.FinTech Market StatisticsFinTech is transforming the financial sector at a rapid rate.

This growth is expected to continue till 2024.Here are other impressive FinTech Statistics:FinTech market size is going to reach $300 billion by 2025Over 10000 FinTech startups existThe adoption rate of financial technology rose to 64% by 2020Two-thirds of financial transactions are made onlineStripe is the largest venture-backed FinTech company, and it has a current valuation of $95 billionFinTech online payment services are the backbone of e-commerce.I’m pretty sure you are impressed with those statistics.

How to Start a FinTech startup?Now that you understand the viability of Starting a FinTech Start.

Here are the steps to follow so you can get that done:Come up with an ideaValidate your ideaCategorize your ideaCheck regulationsFind app development expertsStart an app developmentNow let’s consider the nitty-gritty of what each step entails:Step 1: Come Up With an IdeaEvery venture begins with an idea.

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Maksym Babych 2021-09-13
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Interested in how much does it cost to develop a custom HR management system?Here you’ll find the answers to the questions:What are the market conditions to launch an HRIS startup?How to develop your own HR app from scratch?How does the development process look like?Is it profitable to develop an HR management solution in-house or hire an external team?How to find the right development team?We will also explore the main features of the HR solution and get an idea of the cost of its development process in different countries.If you prefer visual to text, then go straight to the bonus infographic “How to create an HR app in 5 easy steps.”Let’s move on!Why Now Is the Best Time to Launch an HRMS Startup?Two key factors make launching an HR startup in 2021 a good idea.On the one hand, the trend towards globalization showed that remote is the future of any business, especially in the field of IT and software development.We can take a look at these processes and HR functions as an example:Company’s performance managementEmployee performance tracking  and payroll managementRemote hiring process and talent managementOn the other hand, the pandemic changed the way people work.

How do we know?Ravish Agrawal, CEO at Able Jobs, revealed that less than 15% of their entry-level interviews with customers were online before the pandemic, but now it’s more than 75%.Regarding the digital touchpoint, less than 20% of companies used it before COVID, while now it’s more than 60%.HR departments started to aim at employee retention, which increased the need for employee engagement.According toUnleash, Global HR technology investments had deals of $100 million or more at the end of 2020 – one of the highest levels since 2017.According toPwC’s HR Technology Survey, in 2020, there were $148 billion of investments in HR solutions.Now, let’s take a look at the details of the development process.How to Build HR Management Software from Scratch?The first thing you should remember about human capital management system design and development is that it requires time, effort, and money.After all, you can consider this software like real estate – your private property.

And you are in charge of its construction and arrangements.But unlike real estate, investment in a startup can pay off a hundredfold in a short time.

So it is better to take enough time to create a high-end product that your customers will love.That’s why it is crucial to think through all the details, starting from the business analysis, design, software development, and testing stages.The Discovery PhaseAmong the various stages of software development for the HR team department, the discovery stage is fundamental.The team identifies and analyzes requirements and business goals to propose a technical implementation, set project timelines, and estimate development costs.As a founder, you should start by identifying your target audience and analyzing your competitors.The goal here is to think through the concept of your own “betterness” instead of existing solutions.And it is not only about other digital platforms but also about other non-digital ways to solve the same problem.We have prepared a list of questions to help you in the research phase:Who is the primary target audience?What is the biggest problem the customer currently has?What have they done in the past to resolve this problem, what went well, and what do they want to change?What have they paid in the past to solve this problem?What is the ideal outcome they want to experience if the problem were perfectly solved?The discovery phase involves several steps.

Define What Type of HR HRMS Platform You Want to BuildMoreover, the vision, of course, determines the complexity of the future human resource management system.The complexity of the platform directly determines the final cost of the development of your custom HR web or mobile application.Among other options, evaluate the following software development opportunities:Recruiting-focusedOnboarding-focusedPerformance-focusedTalent-focusedTraining-focusedAdministrative-focusedWorkforce management-focusedEmployee management-focusedBenefits administration-focusedAs for examples of the recruiting-focused software, we can mention such companies as:Yello, which provides employee referrals, schedule automation, video interviewing features;Beamery, a British startup that is among the ten fastest-growing companies in the UK and specializes in self-styled recruitment marketing software for fast-growing companies;Avature, a platform for Global Talent Acquisition with more than 650 customers.2.

The technical ones include the design and the code requirements.Based on the requirements file, the team will define what and how they have to build.

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Maksym Babych 2021-07-07
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Global IT expenditure may be going against expectations.

Moreover, the global software as a service market is estimated to touch 623 billion US dollars by 2023.So, does this mean more SaaS products?

If yes, then how to design a SaaS product?Also, do all SaaS products do well?

If not, how can you make your SaaS software satisfy the customers and bring in good revenue?To know, read our all-inclusive guide on how to design a SaaS product.

It should help you create the software from scratch without difficulty.In the further sections, we will also talk about some practical tips on designing.The guide is segregated into four parts for easy understanding:The role of design in SaaSDesigning a SaaS productDesign checklistSome useful SaaS website design tipsLet’s get started!The Role of Design in SaaSGreat User Experience + Great User Interface = Great Product.

And these design components are not just limited to fewer aspects.

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Maksym Babych 2021-03-23

Hi folks!SaaS the core model of software in the age of cloud.

Many of your daily use apps are SaaS: GMail, Zoom, Dropbox.Related to development and design they are Slack and Figma.To marketing and sales: SalesForce, HubSpot, Mailchimp.The list is endless for all industries.

Even religion!That's why startup founders often think about launching another game-changer SaaS in a specific field.But what to do non-technical founder?

Of course find a technical partner!And today I want to consider SaaS development outsource as a win-win solution to quickly launch an MVP and test core product hypothesis.Enjoy reading and share your thoughts about outsourcing saas!

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Maksym Babych 2021-10-06
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If we’re right about this, then you’re on the right page.This guide provides all the information you need as a startup founder, an investor, a tech executive, and a product manager to develop a FinTech app.What you’ll learn in this article:Why now is a good time to develop your own FinTech app,What are  the  costs involved in developing a FinTech app,Steps in creating your FinTech app,And more.Now that you’re familiar with what this article is about, let’s dive right into the crux of the topic.If you prefer visual to text, then go straight to the bonus infographic “How to Develop FinTech App in 6 Steps”.When Should You Own a FinTech app?Without a doubt, FinTech apps have gained popularity over the decade.

Check out this chart by Statista below:Based on the chart above, you can deduce that the fintech market has maintained steady growth in value over the last 4-5 years.And research suggests that this growth will remain steady during the next four years.

Revenue from FinTechs is estimated to be  182 billion euros in 2024.

This is an increase of about 100 billion euros in just seven years.What does this mean for your startup?

The market will increase in value, which consequently creates a place for you to tap in.Here are other statistics that support the claim that now’s your best time to own a FinTech product:67% of bank executives believe FinTech is important to money transfer.65% of Americans will use mobile banking by 2022FinTechs grant 38% of personal finance loans in the USA.Digital banking is responsible for 4.6 million new account openingsin 2021I hope we’re on the same page now.

Let’s work out how much it costs to develop a new FinTech product.What’s the Cost of Developing a FinTech Product?The average cost of developing a FinTech app varies from $50,000 to $300,000.

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Maksym Babych 2021-09-13

Интересуетесь, сколько стоит разработать индивидуальную систему управления персоналом?Здесь вы найдете ответы на вопросы:Каковы рыночные условия для запуска стартапа HRIS?Как разработать собственное HR-приложение с нуля?Как выглядит процесс разработки?Выгодно ли разрабатывать решение для управления персоналом собственными силами или нанимать внешнюю команду?Как найти подходящую команду разработчиков?Также мы рассмотрим основные особенности HR-решения и получим представление о стоимости процесса его разработки в разных странах.Если вы предпочитаете визуализацию тексту, переходите сразу к бонусной инфографике «Как создать HR-приложение за 5 простых шагов».Давайте двигаться дальше!Why Now Is the Best Time to Launch an HRMS Startup?Two key factors make launching an HR startup in 2021 a good idea.On the one hand, the trend towards globalization showed that remote is the future of any business, especially in the field of IT and software development.We can take a look at these processes and HR functions as an example:Company’s performance managementEmployee performance tracking  and payroll managementRemote hiring process and talent managementOn the other hand, the pandemic changed the way people work.

How do we know?Ravish Agrawal, CEO at Able Jobs, revealed that less than 15% of their entry-level interviews with customers were online before the pandemic, but now it’s more than 75%.Regarding the digital touchpoint, less than 20% of companies used it before COVID, while now it’s more than 60%.HR departments started to aim at employee retention, which increased the need for employee engagement.According toUnleash, Global HR technology investments had deals of $100 million or more at the end of 2020 – one of the highest levels since 2017.According toPwC’s HR Technology Survey, in 2020, there were $148 billion of investments in HR solutions.Now, let’s take a look at the details of the development process.How to Build HR Management Software from Scratch?The first thing you should remember about human capital management system design and development is that it requires time, effort, and money.After all, you can consider this software like real estate – your private property.

And you are in charge of its construction and arrangements.But unlike real estate, investment in a startup can pay off a hundredfold in a short time.

So it is better to take enough time to create a high-end product that your customers will love.That’s why it is crucial to think through all the details, starting from the business analysis, design, software development, and testing stages.The Discovery PhaseAmong the various stages of software development for the HR team department, the discovery stage is fundamental.The team identifies and analyzes requirements and business goals to propose a technical implementation, set project timelines, and estimate development costs.As a founder, you should start by identifying your target audience and analyzing your competitors.The goal here is to think through the concept of your own “betterness” instead of existing solutions.And it is not only about other digital platforms but also about other non-digital ways to solve the same problem.We have prepared a list of questions to help you in the research phase:Who is the primary target audience?What is the biggest problem the customer currently has?What have they done in the past to resolve this problem, what went well, and what do they want to change?What have they paid in the past to solve this problem?What is the ideal outcome they want to experience if the problem were perfectly solved?The discovery phase involves several steps.

Define What Type of HR HRMS Platform You Want to BuildMoreover, the vision, of course, determines the complexity of the future human resource management system.The complexity of the platform directly determines the final cost of the development of your custom HR web or mobile application.Among other options, evaluate the following software development opportunities:Recruiting-focusedOnboarding-focusedPerformance-focusedTalent-focusedTraining-focusedAdministrative-focusedWorkforce management-focusedEmployee management-focusedBenefits administration-focusedAs for examples of the recruiting-focused software, we can mention such companies as:Yello, which provides employee referrals, schedule automation, video interviewing features;Beamery, a British startup that is among the ten fastest-growing companies in the UK and specializes in self-styled recruitment marketing software for fast-growing companies;Avature, a platform for Global Talent Acquisition with more than 650 customers.2.

The technical ones include the design and the code requirements.Based on the requirements file, the team will define what and how they have to build.

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Maksym Babych 2021-06-23

It was not the same.The cutting-edge technology of today is the reason messengers like WhatsApp, Viber, Telegram, and countless more are in the market.Moreover, today, they are not just messengers.

They have also become a key medium to handle businesses and share data.

The recorded gain pushed the number to 500 million for the messaging giant.Signal, a private messaging tool, was endorsed by Tesla’s CEO recently.

Although he mentioned that “use Signal (the messaging app),” investors went on to buy shares of a texas-based firm with the same name.

PrivacyThis is another reason that encourages the need for new messaging startups.

The ownership of user data has also led to some problems for these firms in the past.Hence, if you are planning to create a messaging app, it is necessary for you to focus on the privacy parameter from the beginning.3.

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Maksym Babych 2021-03-17
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The advocates of in-house development talk about stuff that is essential for app development.But what they fail to share is that as a founder or a startup owner is;You can get the same benefits of in-house app development with outsourcing at a lower cost.Are you looking for application development outsourcing?It is safe to think that you already have the idea for your application ready.Kudos to you that you have completed the first part of the development process.Make sure that you have validated your app idea.This means that you need to identify the core offerings of your product.

And understand the Unique Selling Proposition.After the idea validation, it is time to start the development process.There is not one but multiple routes that a founder can take for this process.But as a startup owner, your motive must be to step into the market as quickly as possible to test the most risked product hypothesis in the real conditions.Having an in-house development team means spending thousands of dollars on hiring and compliances.As a new founder, cost efficiency has to be your primary motive.This is because 29% of startups fail because they run out of cash.When you outsource mobile app development you need to identify the core aspects of the job.There is a set of duties and responsibilities in mobile development outsourcing.Outsourcing does not protect you from those duties.Application development outsourcing must be done with meticulous planning.In this article, we will talk about the aspects you must understand before outsourcing the application development works.23% of the startups do not celebrate their first year anniversary because they did not choose the right team.The right team is not the one;Which has the lowest chargesORWhich has the highest cost of app developmentRather there are a lot of other variables that you need to take into account to outsource mobile app developmentLet’s go through the entire process of outsourcing your mobile development work.How to Find a Reliable Agency?We are rooting for an agency because this is a system where you will get access to an entire team at cost-effective prices.So to find an agency, there are five options.Take Google’s HelpFind an Agency from the templated listingsLook towards the freelance platformsLeverage the Networking power of LinkedInGet recommendations1.

Search on GoogleWhat will you search on Google pertaining to application development and outsourcing?Your initial searches will be the “cost of MVP development” or “how much does it cost to build an app”.You can also look for “how to develop an app?”.All these questions will have billions of results on Google SERPs.But the key is you shouldn’t go beyond the first.Search for different terms including application development and outsourcing.Find out how the service providers have listed their;Key featuresShares information on the blog as well as their website.Take a look at how your potential service providers have organized their information.Not only that, also check out how they have written the information and designed their website.While searching through the SERPs, have a set of conditions in your mind.This will help you filter out agencies to outsource mobile app development.Look for a company that shares the same set of values as you and want to reflect the same in your product.To outsource mobile app development means you have to find the right organization that resembles your offerings.You may also need to look at their costs, team composition, past projects.In other words, vet the potential development agency before application outsourcing.2.

Look at the ListingsWebsites like Clutch, GoodFirms, Manifest, and others have listicles.Use them to find the best software development agency for outsourcing.They share the best organizations based on different sets of parameters.You may find agencies listed on the basis of;Their cost of operationRankingsNumber of projects developed and so on.If needed, change the search variables.This will help find the right type of agency to outsource your mobile app development work.Look for the service they offer, past projects, and their expertise.Application outsourcing requires the founder to resonate with the development team.You also need to understand their market value in terms of mobile development outsourcing.For this;Gather social proof by visiting their social media handlesLook at the posts they have published along with the reviews and commentsLook for reviews on the listing websites and Google3.

Search on Freelance PlatformsFreelance platforms like Upwork, Fiverr, Toptal, and others have a large repository of individual freelancers.They also have teams who are ready for mobile development work via outsourcing.However, there is a caveat attached to finding the required personnel for application development or an outsourcing firm from freelancer platforms.You need to be adept with the concepts of developments yourself before moving ahead with this option.For instance, you should know about the app design process and cost.Also, it will be helpful to understand how to find and hire developers with this method.Knowing these things will make you a better recruiter.It will also help with outsourcing mobile development work easily.

.And make you good at negotiating the cost of hiring the personnel.For the full mobile app development outsource process, make sure to read till the end of this guide.We will talk about everything related to application development outsourcing in the following chapters.4.

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Maksym Babych 2021-11-05
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Are you a founder, a product manager, a FinTech company, or an executive from a financial institution with a desire to build an e-wallet application?If you gave a positive answer to this question, then read this for all you need to know about creating an e-wallet app from scratch.In this article, we’ll touch on the following points:What is a digital wallet application?Basic information about e-wallet startups;A step-by-step guide to building your e-wallet product;How much does it cost to create a digital wallet mobile app;How to find a reliable FinTech development partner;And more!If you prefer visual to text, then go straight to the bonus infographic “How to develop mobile wallet application”.Let’s get straight to the point.Why Every Fintech Startup Develop an E-wallet AppTake a look at some statistics suggesting why you should own an e-wallet:It is estimated that the market for e-wallet will enjoy a 28.2% CAGR, representing growth from $1 trillion to $7.5 trillion in 2027.

This CAGR reflects the opinions of many that mobile payment apps have a high adoption rate by new users.A 2021 study by FIS  shows that the use of e-wallets at the point of sale (or POS) has increased by 19.5% in the past one year.The global e-wallet money transfer industry is expected to be worth $2.1 trillion by 2023.66% of Americans consider e-wallets as the most convenient option for financial transactions.To avoid just dry numbers, let’s look at a real-life example of mobile app development in the e-wallet niche.Example to Learn From: RevolutA company that has excelled in this industry within a short time frame is Revolut.Revolut is a financial technology company with an e-wallet app that helps users gain more from their money.Although the startup launched in 2015, it currently has 4.5 million users worldwide and is valued at $1.7 million.Revolut is the perfect example of how fast a FinTech startup can grow with an e-wallet application to make payments, and then transform it into a super app, an all-in-one service provider with a bunch of different financial services.We hope that you and we now have the same understanding of the market reasons for launching a new wallet app.Let’s take a look at the cost of developing an e-wallet application.What’s the Cost of Developing an E-wallet App?The cost of e-wallet app development varies from $45,000 to $250,000.The required budget depends on multiple developmental factors such as the number of integrations, complexity of workflow, and type of the development team.Beyond these developmental factors, the design and discovery phase also has a role to play in determining the overall app cost.Step-by-Step Guidance in E-wallet App DevelopmentHere are the steps to follow in developing your e-wallet.

Let’s go through the details of creating an e-wallet app from scratch.Step 1: Discovery PhaseThe discovery stage is the first step in developing an e-wallet.

This stage is designed for the development team to understand the concept, audience, and market of the future application.This will greatly reduce the risks of creating a useless product, and help plan the budget for the design, development, support, and promotion of your FinTech startup.In turn, the discovery phase consists of sub-steps that are incorporated into the overall development process, namely:Idea validation.

It’s a conceptual design that guarantees that every user has the most remarkable experience achievable while using your app.Create a project blueprint.

This will help create a useful product that your users will love.It also allows you to see the weak points of the existing concept and plan with the development team on how to improve it.Now let’s look at some specific key points to consider during the project discovery phase of your e-wallet app development.Point 1.

Maksym Babych 2021-10-13
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How to Create a FinTech Startup: A 6-Step Guide to Make a Fast-Growing ProductAre you a startup owner, product manager, or serial entrepreneur with an inherent desire to start a FinTech company from scratch?

Do you need a concise guide that can help you set up a FinTech startup in your quest?If that sounds like what you need help with, then this article is for you.What Lies Behind Starting a FinTech Startup?Starting a FinTech startup entails more than meets the eye.

Check out the statistics in the section below.FinTech Market StatisticsFinTech is transforming the financial sector at a rapid rate.

This growth is expected to continue till 2024.Here are other impressive FinTech Statistics:FinTech market size is going to reach $300 billion by 2025Over 10000 FinTech startups existThe adoption rate of financial technology rose to 64% by 2020Two-thirds of financial transactions are made onlineStripe is the largest venture-backed FinTech company, and it has a current valuation of $95 billionFinTech online payment services are the backbone of e-commerce.I’m pretty sure you are impressed with those statistics.

How to Start a FinTech startup?Now that you understand the viability of Starting a FinTech Start.

Here are the steps to follow so you can get that done:Come up with an ideaValidate your ideaCategorize your ideaCheck regulationsFind app development expertsStart an app developmentNow let’s consider the nitty-gritty of what each step entails:Step 1: Come Up With an IdeaEvery venture begins with an idea.

Maksym Babych 2021-10-01

How to Make an On-Demand Grocery Delivery App: A Comprehensive GuideHi there!Looks like you’re interested in how to create a grocery delivery application.

Here we go.This guide is designed to help startup founders, product managers, and serial entrepreneurs to find out all the details of a custom grocery delivery app development.You’ll learn about:Why now is a good time in the market to launch a new grocery delivery app,How much it costs to develop a grocery delivery app,What the steps to develop a grocery delivery app are,A checklist to find and choose a technical partner,And more!Without further ado, let’s start with the definition of a grocery delivery app, and how it differs from similar apps.If you prefer visual to text, then go straight to the bonus infographic “How to make a grocery delivery app”.What Is a Grocery Delivery Mobile App?A grocery delivery application is an app that allows users to order their groceries online.

The app owners are responsible for facilitating the grocery delivery to users’ homes according to their terms and conditions.Most grocery apps are subscription-based, meaning that users have to pay monthly fees or annual fees in addition to the price of groceries on the platform.As a startup, you have the option of creating different types of grocery delivery apps.

The two most prominent applications are:AggregatorsMarketplacesAggregatorsAggregators are apps that basically list nearby grocery stores to platform users.

However, they differ in their core mode of functioning.This grocery app allows merchants nearby to display their groceries while customers contact them via the platform.

Well, now is the best time to have one as an entrepreneurial endeavor.According to data from AppTopia, owning a grocery delivery product is a very profitable move.

Maksym Babych 2021-09-13
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Interested in how much does it cost to develop a custom HR management system?Here you’ll find the answers to the questions:What are the market conditions to launch an HRIS startup?How to develop your own HR app from scratch?How does the development process look like?Is it profitable to develop an HR management solution in-house or hire an external team?How to find the right development team?We will also explore the main features of the HR solution and get an idea of the cost of its development process in different countries.If you prefer visual to text, then go straight to the bonus infographic “How to create an HR app in 5 easy steps.”Let’s move on!Why Now Is the Best Time to Launch an HRMS Startup?Two key factors make launching an HR startup in 2021 a good idea.On the one hand, the trend towards globalization showed that remote is the future of any business, especially in the field of IT and software development.We can take a look at these processes and HR functions as an example:Company’s performance managementEmployee performance tracking  and payroll managementRemote hiring process and talent managementOn the other hand, the pandemic changed the way people work.

How do we know?Ravish Agrawal, CEO at Able Jobs, revealed that less than 15% of their entry-level interviews with customers were online before the pandemic, but now it’s more than 75%.Regarding the digital touchpoint, less than 20% of companies used it before COVID, while now it’s more than 60%.HR departments started to aim at employee retention, which increased the need for employee engagement.According toUnleash, Global HR technology investments had deals of $100 million or more at the end of 2020 – one of the highest levels since 2017.According toPwC’s HR Technology Survey, in 2020, there were $148 billion of investments in HR solutions.Now, let’s take a look at the details of the development process.How to Build HR Management Software from Scratch?The first thing you should remember about human capital management system design and development is that it requires time, effort, and money.After all, you can consider this software like real estate – your private property.

And you are in charge of its construction and arrangements.But unlike real estate, investment in a startup can pay off a hundredfold in a short time.

So it is better to take enough time to create a high-end product that your customers will love.That’s why it is crucial to think through all the details, starting from the business analysis, design, software development, and testing stages.The Discovery PhaseAmong the various stages of software development for the HR team department, the discovery stage is fundamental.The team identifies and analyzes requirements and business goals to propose a technical implementation, set project timelines, and estimate development costs.As a founder, you should start by identifying your target audience and analyzing your competitors.The goal here is to think through the concept of your own “betterness” instead of existing solutions.And it is not only about other digital platforms but also about other non-digital ways to solve the same problem.We have prepared a list of questions to help you in the research phase:Who is the primary target audience?What is the biggest problem the customer currently has?What have they done in the past to resolve this problem, what went well, and what do they want to change?What have they paid in the past to solve this problem?What is the ideal outcome they want to experience if the problem were perfectly solved?The discovery phase involves several steps.

Define What Type of HR HRMS Platform You Want to BuildMoreover, the vision, of course, determines the complexity of the future human resource management system.The complexity of the platform directly determines the final cost of the development of your custom HR web or mobile application.Among other options, evaluate the following software development opportunities:Recruiting-focusedOnboarding-focusedPerformance-focusedTalent-focusedTraining-focusedAdministrative-focusedWorkforce management-focusedEmployee management-focusedBenefits administration-focusedAs for examples of the recruiting-focused software, we can mention such companies as:Yello, which provides employee referrals, schedule automation, video interviewing features;Beamery, a British startup that is among the ten fastest-growing companies in the UK and specializes in self-styled recruitment marketing software for fast-growing companies;Avature, a platform for Global Talent Acquisition with more than 650 customers.2.

The technical ones include the design and the code requirements.Based on the requirements file, the team will define what and how they have to build.

Maksym Babych 2021-07-20

Today, there is no need to go to your bank branch to transfer cash or check your account status.One can simply do this using a banking app on their smartphone.To your surprise, these apps have gained a lot of popularity in the last ten years.

Around 90% of the users use mobile banking apps to check balance and 79% use them to view their transactions.All these stats prove that the idea of banking app development will be a goldmine for you in the coming time.If you are in for this, then keep reading to know more!A Quick RefresherHere are some more stats that favor the idea of mobile banking application development:The Allied Market Report suggests that the market of global mobile banking stood at $715.3 million in 2018.

Plus, it is speculated to rise up to $1,824.7 million by the year 2026 at a CAGR of 12.2%.People within the age group of 25-34 use banking apps most frequently.

So, developing a banking application is a great idea to implement.How to Make a Banking Application?The road to mobile banking application development is an easy one if you consider all the indispensable aspects and take one thing at a time.So, before you jump into the development formalities of the banking application, you need to make sure if your application idea is viable or not.Stage 0.

As long as one is not focused on his or her business goal, they may end up in the 13% of the startups that fail due to losing their focus.Identify target audienceIf you have undertaken the market research process well, then this will be a bit easy for you.

And if they do, which users need it.Gen X, Gen Z, and Millennials should be your primary target audience for a banking application.What Are the Pros of the Discovery Phase?If you are a founder and take up the discovery phase of your banking application seriously, you will surely get rewarded with the following:Validates the idea: This phase will validate the viability of the idea.

Maksym Babych 2021-07-07
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Global IT expenditure may be going against expectations.

Moreover, the global software as a service market is estimated to touch 623 billion US dollars by 2023.So, does this mean more SaaS products?

If yes, then how to design a SaaS product?Also, do all SaaS products do well?

If not, how can you make your SaaS software satisfy the customers and bring in good revenue?To know, read our all-inclusive guide on how to design a SaaS product.

It should help you create the software from scratch without difficulty.In the further sections, we will also talk about some practical tips on designing.The guide is segregated into four parts for easy understanding:The role of design in SaaSDesigning a SaaS productDesign checklistSome useful SaaS website design tipsLet’s get started!The Role of Design in SaaSGreat User Experience + Great User Interface = Great Product.

And these design components are not just limited to fewer aspects.

Maksym Babych 2021-04-16

The app redesign was not liked much by the users.You know you are going for an app redesign, but are you aware of the reason for the redesign.

How will you deduce the results?If you are looking for clear answers to these questions, we‘ve got your back.

Ask yourself, “how to redesign an app UX.” Find the answer to, what do the customers like or don’t?By understanding their perspective, you will have clarity on the facets that aren’t working well on the mobile app or the website.Here are some aspects that will help you know your customer perspective better.FactorDescriptionBad feedbackSometimes funny, sometimes rude, and sometimes a tad straightforward.

Getting all the opinions should help you in visualizing the kind of redesign you should go for.Also, note that If a website isn’t updated or redesigned for more than five years, 88% of consumers may never come back.You may get an idea about this through the feedback.This makes it necessary to undertake the process of how to redesign a website UX.Low conversionsPositive feedback and reviews boost conversions.

If the feedback is bad, expect the conversions to be less.

Features like on-page videos, readability, and speed of your website also affect conversions.Hence, you need to focus on all of these to boost conversions.

Maksym Babych 2021-03-23

Hi folks!SaaS the core model of software in the age of cloud.

Many of your daily use apps are SaaS: GMail, Zoom, Dropbox.Related to development and design they are Slack and Figma.To marketing and sales: SalesForce, HubSpot, Mailchimp.The list is endless for all industries.

Even religion!That's why startup founders often think about launching another game-changer SaaS in a specific field.But what to do non-technical founder?

Of course find a technical partner!And today I want to consider SaaS development outsource as a win-win solution to quickly launch an MVP and test core product hypothesis.Enjoy reading and share your thoughts about outsourcing saas!

Maksym Babych 2021-11-02
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Are you an innovator, a founder, or a product manager who is looking for cutting-edge FinTech startup ideas?Are you looking for an idea to awe potential investors to your Startup?If you answered yes to both questions or even one of them, then you’re in the right place.This article will help you generate new ideas and make your FinTech startup thrive in the $300 billion FinTech industry.Let’s dive right into the crux of the article.An Exposé on the FinTech MarketThe FinTech Market is undoubtedly the fastest growing in the finance industry, as it has a CAGR of about 8.6%.Financial transactions volume done via FinTech is expected to grow to $6.6 trillion by the end of 2021, from $5.47 trillion in 2020.Thus, if you’re wondering, “when is the best time to launch a FinTech product?” The answer is “Now.”Want more statistics to support the opinion on why this is the best time to own a FinTech startup?

Check the points below:90% of smartphone users make mobile-based payments.Ant group is the most prominent FinTech company in the world, and it currently boasts of over $300 billion net worth.23% of US consumers use the services of a FinTech company, and this is expected to grow exponentially over the years.94% of financial service companies are optimistic that FinTech will drive growth in the sector.From the statistics above, you’ll be missing out on the highly profitable gains from owning a FinTech product now.Need some blockbuster FinTech ideas to inspire your next product?

Let’s dive right in.8 Ideas to Launch FinTech Startup Right Now1.

Digital Banking AppDigital banking is considered the goose that lays the golden egg for startups in FinTech.

This is primarily due to its importance in the automation of financial transactions and other traditional banking services.Banking service consumers are particularly enthusiastic about digital banking as it grants them access to a gamut of banking products and services without the hassle of visiting financial institutions.

You can find out more about banking app development.Let’s take a look at key insights for this idea for a FinTech app.2.

Maksym Babych 2021-10-06
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If we’re right about this, then you’re on the right page.This guide provides all the information you need as a startup founder, an investor, a tech executive, and a product manager to develop a FinTech app.What you’ll learn in this article:Why now is a good time to develop your own FinTech app,What are  the  costs involved in developing a FinTech app,Steps in creating your FinTech app,And more.Now that you’re familiar with what this article is about, let’s dive right into the crux of the topic.If you prefer visual to text, then go straight to the bonus infographic “How to Develop FinTech App in 6 Steps”.When Should You Own a FinTech app?Without a doubt, FinTech apps have gained popularity over the decade.

Check out this chart by Statista below:Based on the chart above, you can deduce that the fintech market has maintained steady growth in value over the last 4-5 years.And research suggests that this growth will remain steady during the next four years.

Revenue from FinTechs is estimated to be  182 billion euros in 2024.

This is an increase of about 100 billion euros in just seven years.What does this mean for your startup?

The market will increase in value, which consequently creates a place for you to tap in.Here are other statistics that support the claim that now’s your best time to own a FinTech product:67% of bank executives believe FinTech is important to money transfer.65% of Americans will use mobile banking by 2022FinTechs grant 38% of personal finance loans in the USA.Digital banking is responsible for 4.6 million new account openingsin 2021I hope we’re on the same page now.

Let’s work out how much it costs to develop a new FinTech product.What’s the Cost of Developing a FinTech Product?The average cost of developing a FinTech app varies from $50,000 to $300,000.

Maksym Babych 2021-09-20

Are you a founder struggling to develop that cutting-edge idea for your startup?

Have you come up with a plan to create an EdTech app, but you don’t know how to go about it?Are you stuck with the question: Is this the right time to develop an educational app?If you have any of these questions in mind, then you should read this article on educational mobile application development.This article will help you learn how to create an e-learning app that will give your startup the breakthrough it needs.If you prefer visual to text, then go straight to the bonus infographic “How to build EdTech startup”.Let’s get started.Why Is It a Good Idea to Create an EdTech Startup Right Right Now?As we all know, the Covid-19 pandemic and the consequential restrictive laws changed the way people interact, work, and learn.A prime example is the concept of learn-unlearn-relearn, which is widely adopted.

You could even say that it is a highly concise framework for the entire learning process in the 2020s.The outcome of this opens opportunities for educational app development to develop new EdTech products and bring new business models and innovation.Therefore, future founders should create innovative apps that appeal to students, tutors, and educational institutions.Some online educational solutions that entrepreneurs should consider due to the surge in demand include:Learning applications for easing the learning process of toddlers.Students, applicants, and pupils that need help to prepare for exams,Specialists willing to get a new qualification,Individuals with the desire to try something different, upgrade their educational qualifications and master a skill.To help you make an educated decision on the type of app you’d like to opt for, we’ll discuss the cost involved in subsequent sections but first, let us discuss the market landscape.E-Learning Market StatisticsResearch by Statista suggests that the eLearning market will be worth $243 billion by the end of 2022.Another report indicates that the market will increase by $289 billion in 2024.Prediction by Research and Markets data provider suggests that the global EdTech market will be worth a staggering $398 billion by the end of 2026.The online learning market is well on course to bring this prediction to reality as investments in this sector peaked in 2020.Most of that money, 42.9%, which are going into EdTech are based in the US.Of all those investments, a significant part of that money went to AI-based learning tools, e.g., virtual reality, while mobile learning tools account for 15.9% of the investment.Best Time for Mobile App DevelopmentDuring the first half of 2019 and up to now, the Covid-19 pandemic caused a surge in traffic going to online educational platforms and learning materials.Both Android and Apple app stores experienced a near 100% increase in educational application download within this period.Educational apps currently rank the third most popular application category on Apple Store and the second most downloaded category on the Google Play Store.The primary reason for the increase is the impact of the Covid-19 pandemic that has shifted from the traditional teaching method.

It shows that people are gradually beginning to embrace the idea of learning with apps.More and more tech companies recognize this demand surge and are filling the gap by venturing into application development for the education industry.For example, TikTok launched #LearnOnTikTok in 2020, a platform that helps TikTok users self educate in a fun but highly educative way.As they say, use gamification correctly, and it will become a viral trend.What’s the Cost of an Educational App Development?The cost of the development of an educational app varies from $25,500 to $50,000.

It is the price of creating an MVP.The price depends on various factors: from the complexity of an idea to the level and location of an app development company.

Let’s take a closer look at a few factors.

Maksym Babych 2021-09-13

Интересуетесь, сколько стоит разработать индивидуальную систему управления персоналом?Здесь вы найдете ответы на вопросы:Каковы рыночные условия для запуска стартапа HRIS?Как разработать собственное HR-приложение с нуля?Как выглядит процесс разработки?Выгодно ли разрабатывать решение для управления персоналом собственными силами или нанимать внешнюю команду?Как найти подходящую команду разработчиков?Также мы рассмотрим основные особенности HR-решения и получим представление о стоимости процесса его разработки в разных странах.Если вы предпочитаете визуализацию тексту, переходите сразу к бонусной инфографике «Как создать HR-приложение за 5 простых шагов».Давайте двигаться дальше!Why Now Is the Best Time to Launch an HRMS Startup?Two key factors make launching an HR startup in 2021 a good idea.On the one hand, the trend towards globalization showed that remote is the future of any business, especially in the field of IT and software development.We can take a look at these processes and HR functions as an example:Company’s performance managementEmployee performance tracking  and payroll managementRemote hiring process and talent managementOn the other hand, the pandemic changed the way people work.

How do we know?Ravish Agrawal, CEO at Able Jobs, revealed that less than 15% of their entry-level interviews with customers were online before the pandemic, but now it’s more than 75%.Regarding the digital touchpoint, less than 20% of companies used it before COVID, while now it’s more than 60%.HR departments started to aim at employee retention, which increased the need for employee engagement.According toUnleash, Global HR technology investments had deals of $100 million or more at the end of 2020 – one of the highest levels since 2017.According toPwC’s HR Technology Survey, in 2020, there were $148 billion of investments in HR solutions.Now, let’s take a look at the details of the development process.How to Build HR Management Software from Scratch?The first thing you should remember about human capital management system design and development is that it requires time, effort, and money.After all, you can consider this software like real estate – your private property.

And you are in charge of its construction and arrangements.But unlike real estate, investment in a startup can pay off a hundredfold in a short time.

So it is better to take enough time to create a high-end product that your customers will love.That’s why it is crucial to think through all the details, starting from the business analysis, design, software development, and testing stages.The Discovery PhaseAmong the various stages of software development for the HR team department, the discovery stage is fundamental.The team identifies and analyzes requirements and business goals to propose a technical implementation, set project timelines, and estimate development costs.As a founder, you should start by identifying your target audience and analyzing your competitors.The goal here is to think through the concept of your own “betterness” instead of existing solutions.And it is not only about other digital platforms but also about other non-digital ways to solve the same problem.We have prepared a list of questions to help you in the research phase:Who is the primary target audience?What is the biggest problem the customer currently has?What have they done in the past to resolve this problem, what went well, and what do they want to change?What have they paid in the past to solve this problem?What is the ideal outcome they want to experience if the problem were perfectly solved?The discovery phase involves several steps.

Define What Type of HR HRMS Platform You Want to BuildMoreover, the vision, of course, determines the complexity of the future human resource management system.The complexity of the platform directly determines the final cost of the development of your custom HR web or mobile application.Among other options, evaluate the following software development opportunities:Recruiting-focusedOnboarding-focusedPerformance-focusedTalent-focusedTraining-focusedAdministrative-focusedWorkforce management-focusedEmployee management-focusedBenefits administration-focusedAs for examples of the recruiting-focused software, we can mention such companies as:Yello, which provides employee referrals, schedule automation, video interviewing features;Beamery, a British startup that is among the ten fastest-growing companies in the UK and specializes in self-styled recruitment marketing software for fast-growing companies;Avature, a platform for Global Talent Acquisition with more than 650 customers.2.

The technical ones include the design and the code requirements.Based on the requirements file, the team will define what and how they have to build.

Maksym Babych 2021-07-20

It is most beneficial for startups who need web designers on a one-time or even continuous basis.Some may still say, “Why should I outsource website design?” To clear the air, here are a few eye-opening statistics:As many as 78% of businesses feel optimistic about outsourcing.24% of businesses believe that outsourcing helped them handle their projects better.The global outsourcing market grew to 92.7 billion dollars in 2019.Let’s move ahead and know more about outsourcing web design work.Some Quick Benefits of Outsourcing Web Design WorkOutsourcing web design work serves many purposes.

Saves TimeBuilding a web design team takes ample time.

Let You FocusWhile you outsource website design work to others, it leaves you with sufficient time to focus on other essential business operations.

You can leverage this time to get more clients, marketing, and grow your business.For instance, Intel, the largest supplier of computer chips worldwide, is in talks with Samsung and TSMC to outsource some of the manufacturing work to the ace chip builders.

The decision is expected to help the company improve delays they have suffered for years.4.

With digitization, endless opportunities around the world are waiting to be explored.5.

Maksym Babych 2021-06-23

It was not the same.The cutting-edge technology of today is the reason messengers like WhatsApp, Viber, Telegram, and countless more are in the market.Moreover, today, they are not just messengers.

They have also become a key medium to handle businesses and share data.

The recorded gain pushed the number to 500 million for the messaging giant.Signal, a private messaging tool, was endorsed by Tesla’s CEO recently.

Although he mentioned that “use Signal (the messaging app),” investors went on to buy shares of a texas-based firm with the same name.

PrivacyThis is another reason that encourages the need for new messaging startups.

The ownership of user data has also led to some problems for these firms in the past.Hence, if you are planning to create a messaging app, it is necessary for you to focus on the privacy parameter from the beginning.3.

Maksym Babych 2021-04-09

How many people, so many opinions.Yet, we have been building startups for 8 years and managed to form our own vision.Outsourcing software development means collaborating a founder with an off-shore team.

The goal is to build a successful on-market startup or business solution.Instead, there is an entire science behind how to outsource your software development.

Let us share insights about how to’s and how much does it cost to outsource software development.The Manifold Benefits of OutsourcingSoftware development outsourcing has many benefits apart from cost-efficiency.

BenefitDescriptionSmall In-House TeamWith outsourcing, you only need a handful of people to work on a payroll basis.

This will reduce the workspace requirements and go through hiring, managing, and retaining people.Global TalentTo outsource software development means you can access a global talent pool.

You will work with developers, designers, testers, analysts, and others from different countries with new perspectives.Leverage the CloudOutsourcing gives you several opportunities to utilize proficient cloud technologies.

Maksym Babych 2021-03-17
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The advocates of in-house development talk about stuff that is essential for app development.But what they fail to share is that as a founder or a startup owner is;You can get the same benefits of in-house app development with outsourcing at a lower cost.Are you looking for application development outsourcing?It is safe to think that you already have the idea for your application ready.Kudos to you that you have completed the first part of the development process.Make sure that you have validated your app idea.This means that you need to identify the core offerings of your product.

And understand the Unique Selling Proposition.After the idea validation, it is time to start the development process.There is not one but multiple routes that a founder can take for this process.But as a startup owner, your motive must be to step into the market as quickly as possible to test the most risked product hypothesis in the real conditions.Having an in-house development team means spending thousands of dollars on hiring and compliances.As a new founder, cost efficiency has to be your primary motive.This is because 29% of startups fail because they run out of cash.When you outsource mobile app development you need to identify the core aspects of the job.There is a set of duties and responsibilities in mobile development outsourcing.Outsourcing does not protect you from those duties.Application development outsourcing must be done with meticulous planning.In this article, we will talk about the aspects you must understand before outsourcing the application development works.23% of the startups do not celebrate their first year anniversary because they did not choose the right team.The right team is not the one;Which has the lowest chargesORWhich has the highest cost of app developmentRather there are a lot of other variables that you need to take into account to outsource mobile app developmentLet’s go through the entire process of outsourcing your mobile development work.How to Find a Reliable Agency?We are rooting for an agency because this is a system where you will get access to an entire team at cost-effective prices.So to find an agency, there are five options.Take Google’s HelpFind an Agency from the templated listingsLook towards the freelance platformsLeverage the Networking power of LinkedInGet recommendations1.

Search on GoogleWhat will you search on Google pertaining to application development and outsourcing?Your initial searches will be the “cost of MVP development” or “how much does it cost to build an app”.You can also look for “how to develop an app?”.All these questions will have billions of results on Google SERPs.But the key is you shouldn’t go beyond the first.Search for different terms including application development and outsourcing.Find out how the service providers have listed their;Key featuresShares information on the blog as well as their website.Take a look at how your potential service providers have organized their information.Not only that, also check out how they have written the information and designed their website.While searching through the SERPs, have a set of conditions in your mind.This will help you filter out agencies to outsource mobile app development.Look for a company that shares the same set of values as you and want to reflect the same in your product.To outsource mobile app development means you have to find the right organization that resembles your offerings.You may also need to look at their costs, team composition, past projects.In other words, vet the potential development agency before application outsourcing.2.

Look at the ListingsWebsites like Clutch, GoodFirms, Manifest, and others have listicles.Use them to find the best software development agency for outsourcing.They share the best organizations based on different sets of parameters.You may find agencies listed on the basis of;Their cost of operationRankingsNumber of projects developed and so on.If needed, change the search variables.This will help find the right type of agency to outsource your mobile app development work.Look for the service they offer, past projects, and their expertise.Application outsourcing requires the founder to resonate with the development team.You also need to understand their market value in terms of mobile development outsourcing.For this;Gather social proof by visiting their social media handlesLook at the posts they have published along with the reviews and commentsLook for reviews on the listing websites and Google3.

Search on Freelance PlatformsFreelance platforms like Upwork, Fiverr, Toptal, and others have a large repository of individual freelancers.They also have teams who are ready for mobile development work via outsourcing.However, there is a caveat attached to finding the required personnel for application development or an outsourcing firm from freelancer platforms.You need to be adept with the concepts of developments yourself before moving ahead with this option.For instance, you should know about the app design process and cost.Also, it will be helpful to understand how to find and hire developers with this method.Knowing these things will make you a better recruiter.It will also help with outsourcing mobile development work easily.

.And make you good at negotiating the cost of hiring the personnel.For the full mobile app development outsource process, make sure to read till the end of this guide.We will talk about everything related to application development outsourcing in the following chapters.4.