5 Steps To Your Mobile App Funding

If you already have an mobile app idea in your mind, you are very likely to be eager to get started with it. Aye, you must get it rolling as time to market is very important once you have validated your business concept. A recent report by Technavio found that the mobile app market is expected to grow by $497.09 billion with a CAGR of 21% during the post Covid world 2020-2024. The report suggests that there is a positive impact of Covid-19 on the mobile app market.

Infographics Source: Businesswire

To transform your app idea from paper to an actual mobile app, the best option is likely to be to hire a mobile app development company, unless your best friend is an amazing coder. Be it in-house development or outsourcing, mobile app development is a proposition that requires significant investment. While depending on the app specifics and the feature sets, the cost of mobile app development varies. Generally, the mobile app development cost ranges between $15,000 to $80,000. It can go beyond the higher value depending on the app complexity and features.

Not just the app development cost, there will be many other overheads such as user acquisition and marketing, hiring, and other operational expenses. All of it means that if you do not have a significant amount of funds to self-finance your project, you will instead need to raise capital to build and operate your mobile app. So, how do you go about getting mobile app funding? What are the steps to seek funding for an app?

A general answer to these questions is that you gain mobile app funding the same as you would get funds for any other business or startup. You can raise capital from your business contacts or investors. People need to believe that your app idea can generate ROI (return on investment) and is worth investing in. Some mobile apps raise millions of dollars of capital even before pre-development, whilst others struggle to get investment even once the application is live. However, apps getting million-dollar capital investments usually pitch with a clickable prototype of the app. These prototypes clarify the app idea to the investors by illustrating the app functionalities. Click here to knowhow to build interactive mobile design prototypes.

How to Find Initial Funding For Your App Startup?
Most of the times when people think about raising mobile app funding for their startup, they immediately jump to venture capitalists. It is obvious as “Venture Capital Investments” is a very popular term. Venture capitalists make some of the biggest investments and are seen as the “big fish” in the startup funding world. So, venture capitalists is the obvious option, but what are the other options you can look at?

5 Steps to Starting a Lucrative Wedding Venue Business

If you are thinking about quitting your corporate job and becoming an entrepreneur, then the thought of starting a wedding venue business might have crossed your mind.
The thing is couples love to spend a lot of money on their wedding celebrations. As a result, the wedding industry globally generated up to $160.5 billion in 2020. So, if you want to start a business, you should definitely consider owning a venue for weddings as it is very affordable.
Not only will this help couples enjoy and plan their wedding day to the fullest, but it will also allow you to take part in an industry that is worth billions of dollars.
To help you in your journey of becoming an entrepreneur, we give you the steps you will need to start your wedding venue business.
5 Steps to Starting a Lucrative Wedding Venue Business
5 Steps to Starting a Lucrative Wedding Venue Business
Photo by Shardayyy Photography from Unsplash
Create a wedding venue business plan
No matter how simple starting a wedding venue business may seem, it is important that you have a plan to follow. To make the process easier, you can use a wedding venue business plan template to help you build a successful business.
The template will serve as a guide consisting of various strategies you will need to use to achieve your most important goals for your wedding venue business. It will help make you informed decisions about key elements of your business, such as investments and resources. This plan is also required if you are looking for financing from a bank.
Remember to update your business plan as your business evolves so you can keep things running smoothly.
Find the ideal location
Once you have a solid business plan, your next step is to search for a property that can be transformed into the ideal wedding venue. For example, if you are looking for a rustic look, you can search for rural properties such as a barn that will serve as the wedding venue for your upcoming project.
On the other hand, if you are looking for something more urban, you should know that the property costs in these areas will depend on where you live and how the facility is maintained.
When choosing a location for your business, ensure that you have easy access to public transport and that the space is well ventilated.
Also, be sure that there is a flexible lease that can easily be extended as your business grows.
Protect your business with insurance and permits
As is the case with any business, you will need to consult your local authorities to obtain the licenses and permits necessary to open your wedding venue business. The process will typically involve the registration of your business, getting a business license, as well as obtaining liquor, food, and building permits.
In addition to getting your legal permits, make sure you obtain insurance to protect your business, yourself, and your employees from liability. There are two essential types of insurance that you will want to consider and these are employer’s liability insurance and public liability insurance. You may also need special equipment insurance if you have valuable art, antiques, or furnishings.
Offer flexible packages
You might consider other options to make it easier for your clients to hold their wedding at your venue, considering that they can be expensive. You can offer a variety of options, including seasonal discounts and installment plans. You may also consider customizing packages to meet client needs.
For example, you can think about offering up your space to couples that are looking to elope but still want a photographer and a beautiful venue for their ceremony. You can partner up with a local pop-up wedding vendor to provide these types of experiences to people who want to tie the knot in a special and memorable way.
Build a marketing strategy
To promote your business, you and your team must create an integrated marketing strategy. It is not only your ability to plan and execute a wedding, but also your aesthetic and style that matter in this industry. Hire guest bloggers and partner with influencers to market your venue using high-quality images.
If you want your business to achieve even greater success, you should also consider creating a user-friendly website. It should be compatible with all devices and optimized using both on-page and offline SEO.
5 Steps to Starting a Lucrative Wedding Venue Business
5 Steps to Starting a Lucrative Wedding Venue Business
Photo by Adem AY from Unsplash
Final thoughts
Although there are plenty of business ideas you can consider for your startup, launching a wedding venue business is one of the most lucrative ideas for upcoming entrepreneurs. The wedding industry is one of the ever-growing industries in the world, allowing people to start a successful business while helping couples have the best time getting married.

Navigating a Temporary Block on Facebook: Effective Solutions

Understanding the Reasons Behind Facebook Account Blocks
Facebook, with its vast network of over 2.9 billion monthly active users as of 2021, is a social media powerhouse that facilitates personal connections and business growth. The platform’s user-friendly features allow for seamless sharing, chatting, and multimedia communication. However, Facebook enforces strict community standards to maintain a safe and respectful environment. Violations of these standards can result in temporary account restrictions.

Here are some common reasons why Facebook might block your account:

Suspicious Activity: Facebook’s security algorithms may detect unusual behavior on your account, prompting a temporary lock to prevent potential harm.
Mass Reporting: If multiple users report your account as fake or for inappropriate content, Facebook may take action against your account.
Unauthorized Access Attempts: To protect your personal information, Facebook will lock your account if it suspects unauthorized login attempts.
Guideline Violations: Engaging in prohibited activities, despite warnings from Facebook, can lead to account restrictions.
Excessive Friend Requests: Sending too many friend requests in a short period can flag your account as spammy or suspicious.
Effective Strategies to Restore Your Temporarily Locked Facebook Account
If you find yourself locked out of your Facebook account, there are several steps you can take to resolve the issue:

Submit an Appeal
Visit the official Facebook website.
Enter your email address or phone number associated with your account.
Provide your full name as it appears on your Facebook profile.
Attach a copy of your ID to verify your identity.
Seek Assistance from Friends
Navigate to the Facebook login page.
Enter your username and password.
Select the “get help from friends” recovery option.
Choose a trusted friend from the list provided and continue.
Your friend will receive a security code.
Obtain the code from your friend and enter it into the designated field.
Upon successful code verification, your account will be unlocked.
These methods can help you regain access to your Facebook account with minimal hassle. For additional support, you can always visit the Facebook Help Center.

Lesser-Known Statistics and Insights
While the common reasons for account blocks are widely known, there are some interesting statistics and insights that are less talked about:

Account Recovery Success: According to Facebook’s transparency report, millions of users submit account recovery requests each year, but the success rate varies widely based on the accuracy of the information provided.
User Behavior Analysis: Facebook employs advanced machine learning algorithms to analyze user behavior patterns, which can sometimes lead to false positives in account blocking.
Global Differences: The standards for account blocking can differ based on regional laws and cultural norms, leading to a varied experience for users worldwide.
By understanding the intricacies of Facebook’s policies and the reasons behind account restrictions, users can better navigate the platform and avoid potential blocks. Remember to always follow Facebook’s community guidelines and use the platform responsibly to ensure a positive social media experience.