Getting a New App Built and How To Finance It

People come up with new ideas for applications all the time but struggle to get the application built.  Their first stop is usually a friend or someone they work with to try and get them to build the app without knowing the time and money required.  This usually ends up with the person asked delaying and delaying until the person that finally came up with the idea moves on.  Failed ideas are a dime a dozen and many people become disheartened at the idea that they will never get their idea built whether that is an enterprise solution meant to solve a pressing business problem or a business to consumer solution to bring an idea to the masses.

Financing

Finding money to pay for software development is a tough obstacle to overcome.  For seasoned start up creators the go to place is to raise money from venture capitalists.  The downside to this is the requirement for knowing and having connections.  Also, if you have never raised money and have no track record then you will find selling yourself a very difficult task.  Investors will be extremely wary of giving money to someone that has no history of giving money back to investors.  If you have a good credit history then you may be able to borrow money to finance the development costs.  If you have a bad credit history you can reach out to a Phoenix credit repair company and they can help to correct incorrect and outdated information to raise your score which would give you the possibility of securing financing through either the use of a line of credit or through securing cash from credit cards. Software developers can be very expensive so if you happen to find someone that is willing to work at a discount then you may also have to give up equity in the company which we will talk about in a later section.

Equity

Dispersing equity is going to be one of the primary methods of bringing talent on board to your company.  Navigating how you are going to distribute equity in exchange for bringing in quality workers to help you grow your brand.  Even after the initial costs of building the application you will have ongoing costs related to the building and growth of the brand.  There are different types of stock that can be distributed depending on the type of voting powers you want to distribute where investors are very likely to want more control and voting power than those people brought on board to initially build the project with mostly equity.

Our Favorite Frameworks

developer at computer

In this article we will go over a couple of front end application frameworks designed to make the development process smoother and the user experience better.  Many apps both web and mobile are built on the following frameworks and they provide a solid base as to not force developers to reinvent the wheel.

Angular

Angular competes with React and Vue.  Angular is a fully functional front end framework including both the serving of html pages and doing service functions.  Past versions of Angular 1.x are known as AngularJS.  Going forward the naming convention for Angular 2+ (Angular 2, 3, 4, 5, 6, etc) is just known as Angular.  Angular is built on components where individual components manage individual responsibilities.  Angular uses typescript which is a superscript of java script although any valid java script will work in Angular.  This framework works with observables and RxJS.  Angular is my current favorite framework but it certainly has its downsides.  Many people consider a lot of Angular to be bloat.  Angular comes fully featured and not so much in piece meal like some of the other frameworks.  One of the major selling points of Angular is the 2-way data binding.  Data served from the component to the view that is altered in the view can be bound backwards into the component.

React

React is a Java Script library that offers one-way data binding using properties.  React, along with Angular, are used primarily for single-page-applications or SPA’s.  React provides for stateful components.  React is organized in modules just like Angular and provides for components to hold state and pass that state to the view.  Unlike Angular, React uses Java Script XML or JSX.  JSX is similar in appearance to html and is not required but is typically used when building applications using React.  Pure Java Script can be used in place of JSX though that is not often the case.  Opposed to Angular, React does not aim to offer a full framework for application building but rather is focused primarily on user interface and user experience.