The “How To” Guide to get Investors for your Startup!

The right investors for your startup won’t just provide capital. The right investor can add value as an industry expert, an insightful mentor, a well-connected network contact – pretty much as a driving force to accelerate your startup! To help you grab the attention of the right investors, here are the 5 key attributes they seek from startup businesses.

 

“How do I get investors for my startup?” It’s one of the most frequently asked questions from budding entrepreneurs. It’s a question we address during our Rocketfuel Workshop to help clients determine the best business model for their app startup.

In the future you might be looking towards increasing your investor base to gain startup funding. Whether it’s through investor networks, it is important to know what investors look for in a startup. In this guide, we’ll be going through the five traits investors look for in startups to increase your chances of getting funding.

What are the 5 things investors look for in startups?

 

1. The Right Team

The first important criteria that investors focus on consist of the founders and management team of the startup. In fact, many investors see this as the most important aspect. Investors look at the technical areas in founders, such as their skills, education, and experience. For instance, their experience with overcoming obstacles and leadership.

 

Investors also look for certain personality and characteristics of founders that are congruent with theirs. While there are many traits, the main ones desirable to investors include teamwork, determination, willingness to learn and perseverance. In addition, investors look at the founders’ past investments to identify whether business operations match their expertise and own experience. For instance an investor with a focus on health and wellbeing would most likely help a startup offering healthy snack bars. Overall, they want to make sure that the people they will be working with in the long term are trustworthy, committed and have the ability to get the job done.

2. Big Idea

The second aspect that investors look at is your overall business idea. The main aim here is to show that your idea will work and benefit the investor in the long run. To do this, you could create a Proof of Concept (PoC), which basically shows that your idea is feasible and scalable. Your PoC should answer questions that look at your product or service’s potential or is adaptable to future trend.

As mentioned previously, another aspect relating to your idea that is desirable to investors is your product or service’s ability solve a problem, be unique or innovative. For instance, Uber got its first funding, back in its early days, through solving San Francisco’s problem on the lack of cabs and transportation. One other way to further enhance the validity of your idea is through social proof, which is essentially where others, whether it be through customer testimonials or media reports, provide a good form of evidence.

3. Business Market

Another aspect investors look for when funding startups is the market landscape where your startup is competing, as it is a potential indicator of growth. Investors are looking to fund businesses with potential to be the next big thing in the present and in the future and, as a result, also offer a large return on investment. They need to make sure the market has enough demand and the potential for a large customer base.

The bigger and more stable your customer base, the more likely you’ll win over investors. In fact, investors even look at funding startups in new and promising markets, as long as you prove there’s growth and potential. If you’re operating in a highly competitive market, you’ll need to show how your solution stands out among others, which is tied back to your overall business idea.

infogThe 3 elements investors see as a successful startup

4. Business Plan

The next element investors want to see is your startup’s plans and strategies down on paper. It is important to note here that investors may have different criteria on your plan. However, the aim is to prove you can compete and there will be returns.

It should be detailed and have the basics of a standard business plan, such as background on your startup and strategies. Going beyond the basics, investors are particularly interested in elements focusing on the business’s potential. For instance, competitive landscape, financials and how your product/service offerings solves a need or problem. Additionally, investors want to see that you’re building your startup, so you’ll also need to provide evidence that you’ll gain continual traction, which I’ll speak more about later, through research and data.

5. Traction

Finally, investors look at a startup’s business traction, which refers to the startup’s progress and momentum in a market. You can show investors traction, through your current customer base or sales figures on your product or service offerings. Essentially, traction shows investors that your product or service offerings are in demand and are on its way towards success. Having traction gives you the opportunity to stand out among other startups.

For startups with limited or no traction, you can show investors that you will be creating traction through clear goals and metrics to measure its success. These aspects should be stated in your business plan. Other ways of getting traction include reaching out to customers and influencers, getting customer feedback and also getting publicity by showing your products and services at events. In fact, this is a method used by Twitter to gain success when they first started out.

 

tim-draper-infographicTo gain investors, you’ll need to think like an investor

 

 Key Takeaways

While there could be many more different criteria investors are looking for, in general they will be looking at the startup’s human resource aspect (Founders and Management), business plans, your overall idea, the market you’re operating in and the traction in the market. Remember to show and not just tell investors with evidence and research, which I’ve already mentioned throughout this post.

If you would like any further advice or assistance, contact Launchpad App Development to find out how we can help you launch your startup.

 

So what are your thoughts? Let us know in the comments section below or on our Facebook page.

Why Restaurants Are Moving to Mobile Apps and Facebook

At Launchpad App Development, we are always keeping up to date with the latest trends and insights in the world of apps and mobile. A notable trend we’ve been witnessing is the increase of businesses in the hospitality industry using apps and social media. It’s easy to see why. Social media and mobile has benefited many industries in the past few years by increasing efficiency, sales and innovation. Restaurants and cafes can also achieve these benefits through mobile, allowing them the opportunity to increase customers and sales. Today we give you an insight on why your restaurant should take advantage of mobile browsing, social media and smartphone apps.


Smartphones are changing our lives

Smartphones have changed many elements of people’s lives. For example, many young people rely on the clock on their phones, instead of wearing watches. In addition, it has also changed our purchase behaviour, where people buy things due to mobile commerce, which is a growing and lucrative market.

For instance, Restaurant App Engines found that 51% of smartphone users say they would be far more likely to make a purchase from a retailer or restaurant with a mobile specific website or app then search a retailer on a desktop. However, currently only 4.8% of retailers currently have a mobile specific site or app for their hospitality business.

 

How will an app benefit my business?

There are many benefits of creating an app for your hospitality business, such as:

  • Gaining more reviews:

An app gives users the opportunity to establish a database of reviews from customers. Customers can rate and write their own reviews, while also reading reviews from previous customers. Online reviews are one of the main elements that influence a consumer’s purchase decision. According to Invesp, 90% of consumers online reviews before they visit a general business. As a result, having positive reviews will most likely increase sales and customer conversion.

 

 

  • Creating convenience for customers:

Creating an app can increase convenience for your customers, enhancing customer experience. Building an app can provide customers easy access to information, such as your menu, daily specials, business hours and store location.
In fact, previewing menus could influence customers visiting your restaurant. Research firm Chadwick Martin Bailey found that 62% of customers would less likely go to your restaurant if they can’t see a menu on their mobile.

 

Melbourne App Developer      Source: Guzman y Gomez’s app from the Google Play store

In addition, an app can help make the entire purchase process much easier. Customers can order their meal on their mobile and collect it in store. This decreases any long wait times or queues that consumers might experience during peak hours, reducing customer annoyance.

 

 

  • Gaining the competitive edge through incentives:

With an app you could even offer incentives, such as loyalty programs or mobile coupons, to increase sales and repeat customer visits, giving you the competitive edge. For example, Starbucks has a rewards program on its app, allow customers to redeem free music, drinks and apps.

Mobile App Development Melbourne

Source:  Google Play Store


Case Study: Domino’s Pizza

Domino’s Pizza is an example of a restaurant that gained success through creating an app. The app allows customers to view menus, order and customise pizzas with ease, while also tracking their order in real time. Released in 2009, starting with the iPhone, the app helped increase $2 million in sales within weeks upon release. Combined with its Android and Smartwatch platforms, the app continues to contribute in the pizza chain’s profit increases.

 

App Development Australia

Domino’s app allows you to order, pay and track delivery on your smartphone.

 

How will Facebook benefit my business?

Facebook now has over 1.13 billions daily active users with 1.03 billions users who access social networks via mobile devices. People spend a lot of time on social networks with an average of 50 minutes on Facebook, Instagram and Messenger every day.

This is a great opportunity to interact and engage with your target market. This can be done in various ways, such as providing menu updates, offering discounts or gaining feedback from customers. In addition, you can use images and videos to capture the interest of your target market, which can instantly become a return on investment.

Facebook campaign uses a pay-to-pay network, which gives you the ability to target users by their location, demographics, age, gender, interests, behaviours and much more. Facebook gives you the ability to easily track your users and provides you with an immediate influx of traffic.

As a result, Facebook marketing will give you the opportunity to capture your audience’s attention before they begin searching for other business like yours and potentially increase sales.

 

So what does this mean for restaurants today?

People are far more selective when it comes to eating out and are more inclined to share their dining experience on social media and blogs. Today, a majority of our decisions are influenced by research and information found online or recommendations by family and friends who post about their experiences through social media.

Users tend to use online reviews such as Google or Facebook when making their decision about where to eat. According to Modern Restaurant Management, around 80% of people will check the rating of a restaurant online before stepping inside. This can include checking websites or looking at reviews on different social media platforms. In addition, these 80% of people are more likely to take action the same day as their search.

At Launchpad App Development, we create innovative apps that will benefit your business and give you the competitive edge. We work with you throughout the app making process to enhance your app idea. We have worked with entrepreneurs and businesses from various industries around Australia to create the app of their dreams.

Have an app idea? Contact us today!

 

 

5 Reasons App Development Should Be Your #1 Business Strategy

Are you caught up in the thought that only corporations with an abundance of financial backing need to create an app? Think again. In this post, we outline five reasons why all businesses, big and small, should make Mobile App Development a top priority in 2016.

A 2008 study by Deloitte Mobile Consumer Survey found that 69% of users only used their mobiles for voice calling and SMS. In 2014, the same survey found that 7% of users only made use of their mobile for voice calling and SMS. Why is there a huge change in just six years?

Thanks to the rise of the smartphone we can now be connected to the Internet at all times. The way we make use of this connection on our phones is through mobile apps.

81% of Australians now own a smartphone with mobile apps playing a key role in how we go about our daily lives. Mobile apps can help us do chores and order food all with a few clicks on my phone.

But it’s not just smartphone users who can benefit from apps. Businesses can too.

Many businesses still prioritise the desktop/laptop experience for customers over mobile. However, mobile Internet access has overtaken desktop in 2014. with 21% of users now only accessing the net via their mobile devices.

That’s where the benefit lies for businesses. Having a mobile app that is beneficial for customers and a potential revenue generator must become a top priority for any business to consider, from local start-ups to multinational corporations.

Here are five reasons why your business must have a Mobile App Development strategy.

 

1. Internet use is occurring more on Mobile than Desktop – You need a mobile strategy to not miss out on this audience.

Desktop is dead! Long live mobile! While it might not be quite that bleak, it’s not far away from being reality. Mobile is now king when it comes to how users make use of the Internet.

Your customers are waking up to social media notifications on their mobile, looking at their emails over breakfast and making use weather apps to check if they need an umbrella – all just a few moments before leaving for work. You’re probably even reading this blog on your mobile right now.

Take a moment to look around at your fellow commuters the next time you walk onto a train. I’m betting you’ll see that their eyes are glued to their phones. Soon your eyes will be entrenched on your phone too. The point is, people spend a tonne of time on their mobile phones and they are now truly intrinsic to our everyday lives.

But what does that mean for your business?

Firstly, there is a large audience out there, whose daily Internet use is done largely through mobile apps, which your business is missing out on. And let’s not forget that 21% of users who exclusively access the Internet via their mobile.

Secondly, having a web presence is simply no longer good enough for small to medium size businesses. Many businesses are still creating and relying on websites, without the knowledge that developing a mobile app would be far more efficient and effective at targeting a mobile app-driven market.

Thirdly, and most importantly, it means that there is now an opportunity. Opportunity for your business to develop a mobile strategy that will help market your product to a large audience that is yet to be reached by your competitors and will only become more mobile-focused for years to come.

Long live mobile apps!

 

2. Mobile notifications allow you to connect with customers 24/7, 365 days a year.

Does your business struggle to bring in new customers or reconnect with old ones? This is a problem for businesses worldwide as traditional forms of advertising are becoming less effective.

But with strategic mobile notifications, connecting with customers is easier and more effective than ever before.

Before mobile, traditional forms of customer engagement included flyers, catalogues and emails. They are still used today, but the fact is that mobile notifications are the most efficient method of connecting with customers. Mobile notifications are also more effective at capturing and engaging users too.

Customers can so easily put down a catalogue or just delete an email. Not to mention the fact that you constantly have to produce new and engaging content for these forms of advertising.

How about that email marketing campaign you’re running? According to Smart Insights, it’s only getting a click thru rate of 3% to your website from recipients. In comparison, check out the infographic below to see how effective mobile notifications are.

Melbourne App Development

Your eyes are not deceiving you – mobile app notifications really do get an incredible 6% Click Thru Rate across all industries. Source: Accengage

Mobile app notifications have a click thru rate of 6%. That’s twice as effective as that email marketing campaign you’re spending so much time and money on.

With mobile notifications, there are constant alerts and interaction between your business and its customers in real time – 24/7, 365 days a year.

You can nudge your customers to do something, remind them of an upcoming service or even provide offers exclusive to mobile users. The options are endless when it comes to using mobile notifications.

Mobile notifications are here, they’re effective and are ready to be used on your potential app. So what are you waiting for?

 

3. Apps have customer’s full attention and improve customer engagement.

15.3 million Australians own a smartphone, but just how engaged are we with them? I called out my fellow commuters for being engrossed in their phones but I have the evidence to back it up.

Below is a table displaying how much time a month users are spending on their mobiles and how they use them. You might be surprised by the amount.

App Development Australia

Source: Nielsen

That’s 36 hours a month spent on smartphones, with users spending 33 hours of that time on mobile apps.

Further analysis by Deloitte found that Australians look at their smartphone more than 30 times a day on average, with all our daily views combined making a total of 440 million views a day.

What if Australians were spending some of those 33 hours or 440 million views on your business’s mobile app? With the right app, this possibility can easily become a reality.

While it’s clear that mobile apps have our attention, it’s important to understand why certain apps have our attention and how they improve customer engagement.

The great thing about an app is that your customer is locked into your app while using it. They can’t just open up another tab or look up something else, like they can on a desktop or laptop.

Once customers are using an app, the best ones keep them engaged enough to understand the value of the app, without the desire to search for an alternative.

You can keep users engaged with your app in a number of ways.

Apps that provide value to customers are always the biggest engagement winners. Whether it’s having a mobile store that provides a streamlined shopping experience or a loyalty system that incentivises ongoing purchases, provide value to app users will keep them returning for that same value again and again.

Remember that dinner reservation I mentioned before? It was done in a few easy clicks and without that loud, tedious phone call to the busy restaurant. Now that’s value right there.

Mobile notifications keep your customers engaged and help to reconnect with users. They are attention grabbing and remind customers of your products/services in a more personalised and strategic manner.

My personal favourite are in-app rewards. The offer of a small reward, eg. 10% off for ordering through an app, is another highly effective method to keep customers engaged.

At the end of it all, creating more interesting and sophisticated apps that provide the customer with real value will command the attention of users, keep them using your app and generate revenue for your business.

 

4. Mobile apps can be personalised for each user, creating a better user experience.

No two people are the same. So why give everybody the same experience? With apps, you can personalise the customer experience, generate a loyal user base and, ultimately, provide a better performing app.

Again, we bring it back to making the customers life better or easier. If the app is more tailored to the user, then it’s easier for them to perceive the benefits it provides.

A major hurdle in personalisation is the log in process. Customers have to log into a website every time they come back to use it. If you’re anything like me, you’ve got better things to do than continuously log back into websites.

With a mobile app, your customers only need to log in once to access their account and make use of the app. The best form of log in is through a social network (E.g. Facebook) as this provides your app with rich user data to aid the personalisation process.

A personalised app can use data to understand details about your customer. You can find out likes/dislikes, where they are using your app and time spent in the app.  Additionally, you can gain personal information, such as birthdays and gender. Your app continuously responds to this information and creates a constant personalised experience for the user.

There are no limits for how personalised an app can be to each user.

You can even use personalisation as a marketing engagement tool. Mobile notifications can be personalised to each user to increase click thru rate and create cost-effective mobile marketing campaigns.

When investing in a mobile app for your business, make sure your app provides a personalised user experience.

 

5. Stand out from the competition.

Mobile app development gives your business the opportunity to stand out in your industry and gain the competitive edge.

More small business owners are recognising the response digital media advertising garners from consumers and are keen on making use of that strong response. Instagram advertising is being embraced by small businesses, but soon too will mobile app development.

Mobile apps at small business level are still rare, but by being the first to adopt a mobile app strategy, your business can stand out from the competition and validate your brand to its customers.

A great app also helps businesses differentiate themselves from competitors. If your business offers a great service and an enticing app that provides real value, then customers will flock to your business in droves.

Ultimately, having your own app means that your business will be a step ahead of its competitors and be perceived as a forward-thinking business in your industry. That’s the power great mobile apps have.

Look at Netflix. The DVD-by-mail business was failing badly in 2011 and looked in dire straits. However, the company embraced mobile apps, which led them to be an iconic company. They have also dominated the DVD and online video industry, which made Blockbuster go bankrupt.

Mobile App Developers

Netflix subscription rates have increased significantly since the introduction of its mobile apps. Source: Daily Tech

I’m not saying that you need an app to bankrupt your competitors, but I’m sure that you would like a way for your business to one-up the competition.

This is all possible with your own app. Embrace the idea and be ready to stand out.

 

Key Takeaways

Mobile apps are the future of how we use the Internet and connect with customers in the online world.

There should always be a place for desktop in business strategy, but with mobile apps taking on greater relevance in our lives, your business must have a mobile app strategy to remain relevant in today’s ever connected digital world.

Being an early adopter of a mobile app strategy helps your business stand out competition and open up opportunities.

Remember – there’s nothing holding back your competitors from developing an app of their own. Nothing should be holding you back either.

Do you have any other reasons why businesses should adopt a mobile app strategy? Feel free to leave us a comment below.

The 4 Myths of Mobile App Development

“For an industry that’s built on science, the technology world sure has its share of myths.”

–David Pogue, Founder of Yahoo Tech.

The app market continues to evolve as developers and users explore the possibilities of mobile technology. In 2015, the number of mobile-only internet users surpassed that of desktop-only, with people now spending at least 54% of their digital media time interacting with mobile apps.

As the top digital disruptor in business today, it comes as no surprise that everyone, from first-time entrepreneurs to multinational corporations, is sensing the urgency to break into mobile in a big way.

However, there are so many misconceptions around mobile app development that a lot of entrepreneurs and businesses end up squandering time and money they simply can’t afford. In my experience at the helm for numerous app development projects, I’ve been able to observe what works and what doesn’t when it comes to creating a best-in-class app product.

If you’re looking to create an app that innovates rather than regulates, here are the top 4 myths that you need to bust to do mobile right.

 

MYTH #1: Developing apps natively per platform is a waste of time and money.

REALITY: 

If you want a five-star app, build natively. Period.

The benefits of building a cross-platform app seam clear. You only have to code some once and you can push it out to everyone using any device. Sounds simple. Logical. Facebook thought so initially, as did LinkedIn. But the ease was countered by some pretty dramatic downsides. How dramatic you ask? Well, Mark Zuckerberg called Facebook’s over-reliance on HTML5 as opposed to native as “the biggest mistake we made as a company”.

In comparison to native apps, a cross-platform app is worse across every important metric: functionality, performance, UI etc. When entrepreneurs and business go the easy route of app development, they don’t realise that all they’re doing is creating a crappy experience for everyone everywhere.

But cross-platform approaches still lure startups that don’t want to invest more time and money developing separately for iOS and Android Operating Systems. Instead, they rely on HTML5, hybrid applications and cross-platform toolkits, but none of these work well enough to build the high-end mobile experiences users expect. They will eventually, but they don’t right now.

Each of these solutions come with their own set of drawbacks:

  • HTML5: Cross-browser compatibility issues are difficult to resolve, which means that you end up needing to optimise for each platform anyway.
  • Hybrid Apps: There’s a leaky abstraction layer (E.g. “Is that a URL bar refreshing in the app?… Seriously??”) and the communication layer between the app and web view is complex and littered with errors.
  • Cross-Platform Toolkits: Require large amounts of custom code per platform, making it easier and faster to write native code for each.

The takeaway: Instead of going broad and writing something once, spend the time and go deeper on your most popular platform first. Then expand from there. You want to pick the platform that resonates most with your users — whether it be iOS, Android or both. It all depends on what you want the app to do and the audience it’s designed to reach.

Figuring out your optimal platform means you need to dig into the demographics of your user base. In a previous post about validating your app idea, I discussed how researching the size and shape of your market is a critical step in influencing the direction of your app concept. You need to see firsthand that different users’ habits are largely driven by the platforms they use. Android users look for functionality in different places than iOS users, and so on. From both a speed and quality perspective this is the only way to go.

 

MYTH #2: My backend server is ready to support mobile apps.

REALITY:

You will need to change, upgrade, or completely rebuild your backend to create the best mobile experience.

Most companies still aren’t used to building the type of backend server that creates top mobile apps. Without the right API design and implementation, an app will perform poorly in the real world. Some companies see increases in mobile traffic that are 200% higher — or more — than their website. Take banks as an example: Whereas customers can now check their account 10 times a day on their smartphone. Your server needs to be able to handle that kind of workload.

To avoid crash issues due to increased mobile traffic, here’s a checklist to consider when integrating a mobile app with your web server:

  • Maximum Payload Size: In mobile, the best experiences are the ones where the minimum amount of data is sent. A good API for mobile should allow the client to specify the maximum payload size returned from the server (4 KB is usually enough).
  • Retry rather than Redo: Given the flakiness of network connectivity, users should be allowed to send the same API call to the server multiple times for certainty. Retrying the same API call should not mean two calls on the same server end (E.g. Posting the same Facebook status message twice).
  • Low Latency: Bandwidth isn’t the only networking issue when dealing with mobile devices. The lower the latency on each API call, the snappier your app will feel.
  • Single API Call per Screen: This requires tighter coupling between the mobile device and the server, but can make for a very compelling mobile experience. Ideally, every screen on mobile would make at most one API call to the backend. To loosen the coupling, the API could be designed to allow variable return data, with much of the heavy lifting done on the server side.

 

MYTH #3: You can develop your mobile app internally as fast as an outside company.

REALITY:

Developing your app yourself will take 3x longer.

Throughout my time helping entrepreneurs and business embrace mobile innovation, lots of folks have asked how long their app will take to make. I may assess that an app would take three months to develop for one platform. Sometimes they’d come back with the decision to develop the app internally. Keeping tabs on these app projects, it comes as no surprise to see them finally launch almost a year later in the App Store.

If you want to develop an app, you can’t make the mistake of thinking just because you have HTML, CSS and JavaScript capabilities that mobile will be plug-and-play for you. Unless you have a dedicated, built-out mobile team, this will probably not be the case. And very few entrepreneurs and startups have this luxury. When they decide to go internal, they’re essentially choosing to pay with time instead of money.

Why does it take startups so much longer to do it on their own? They don’t anticipate their most critical need: Hiring.

If you are planning to build internally, you want to be confident that you already have the people and skill sets you need to execute. This isn’t just about coding talent either. You need to have people with mobile product experience, mobile Quality Assurance (QA) testers, and mobile UI/UX Designers. You need all of these people working together to put out a great product. Otherwise your developers may head down one road only to discover they had the wrong product vision, or they hadn’t even thought of QA.

When you bring in a development company, you are provided with experts in all of these areas who can work in parallel to iterate quickly and deploy internally. Having a Mobile Product Manager keeps you focused on the three to five (maximum!) core functionalities an app should have.

Speed isn’t just important for its own sake either. The sooner you get your app into the App Store or on Google Play, the sooner you get to see people’s reactions to it. The faster you can gather that feedback, the closer you are to your next release.

There’s also the chance that you’ll realise halfway through that your company simply doesn’t have the people or resources to finish an app it’s started. Then you have to call in a company for what we like to call “a rescue.” It doesn’t sound good — because it isn’t.

This doesn’t mean that working with any outside developer will do. When choosing an app development company, you’re really choosing a partner. To make sure you end up working with the right partner, we suggest asking every company a series of probing questions:

  • How do they learn as they develop new mobile capabilities?
  • How do they capture and leverage the data from their previous projects and experiences? What have they learned from working with other clients?
  • Do they offer the ability to co-innovate (pairing their own staff with the client’s to develop, design, and test)?
  • Do they follow agile methodologies (test driven development, quick iterations, constant communication)?

For all of these questions, the ‘right’ answer is not a one-size-fits-all, but the one that best suits your business. At agile development companies, internal knowledge sharing is accomplished through a combination of human and technical means: lunch and learns, demos, company-wide standups, an internal project management site, and rotating staff across projects to expose them to a wide range of experiences. You want answers that make it clear that it’s easy and encouraged for you to participate.

 

MYTH #4: If I outsource to a mobile development company, I won’t have to do any work.

REALITY:

For the best outcomes, clients need to be heavily involved with the company they’ve contracted.

Sometimes we have clients who just say “Hey, pretend to be me and make the decisions you think I would make”. In other words, they just want to hand the whole project over. At Launchpad, what we’ve found is that to do the best work, we need as much information as we can get as fast as we can get it, and that requires client participation.

In my experience as a Product Manager across a wide variety of app development projects, the greatest apps I’ve been involved with resulted from the client working very closely with the design, coding and QA teams. Ideally, they have the opportunity to collaborate with the client to see what everyone wants and envisions.

The best case scenario is actually having our client sit with us to work toward building a solution — not just trading emails or checking in every so often over Skype. We call this co-innovation, as it allows the key stakeholders to build together.

When you work side by side with someone, trust forms so much faster. It’s so much easier to make decisions and work through issues. Simply put, the ability to be co-located with someone and to co-invent is a key factor for app development success.

Ultimately, busting all of these myths depends on finding the right partner. You want someone who gets you, gets your app, and is just as invested in your success as their own especially if you’re at a smaller startup or a company that is only beginning to invest in mobile. Given the increasing importance of these platforms, finding this exact fit could not only make or break your mobile strategy, but your entire business.

Do you have any questions about mobile app development? Feel free to ask in the comments section below.