Getting an initial round of
investment can be a great deal for any new start-up. At some point, though, you
may realize that you need to go through that process again. Below are four
signs that it’s time to find a new investor for your start-up.
You’re Short on Cash
One of the most common reasons to
seek out a new investor is because of a cash shortage. Note that this does not
mean your business is failing—after all, few investors will touch a failed
idea. Instead, you’re reaching the point at which your on-hand cash cannot keep
up with the real demands of your business. If your ability to make payroll isn’t
lining up with the money your company is making, you might need a new investor’s
You Are Going in a New Direction
You may also need a new investor
to help you when you choose to pivot. You might notice that your online sales
far outstrip your brick and mortar sales, for example, so you might need an
investor who can help you to invest in better online infrastructure. On the
other hand, an investor might be able to help you better set up to make the
switch to offering a new type of service that complements your original ideas.
When you decide to move in a new direction, you’ll frequently need new
investors to help you make the change.
You Are Experiencing Growing Pains
Sometimes a new investor is needed
because your business has simply outgrown its old model. You might need to buy
new equipment to keep up with demand, expand to new facilities to deal with a
growing staff, or you might even need more capital in order to take advantage
of new technology. After undertaking a credit risk assessment for your
business, investors will be able to help
your business to take the logical next step.
There Has Been a Major Shift
It’s also wise to look for a new
investor if there has been some kind of major shift in the way your business
works. This can be due to internal or external factors, but it’s always
something that’s going to cause a commotion. You might have lost a vendor, seen
a new competitor enter the market, or you might even have stumbled upon a more
efficient way of doing business. Regardless of the change, you may need a new
investor to better deal with the new circumstances.
New investors can breathe life
into your company. Make sure you seek them out when it’s time to make a change
or when you absolutely need a cash injection in order to stay successful. With
careful consideration, you can choose an investor who will help you meet and
exceed your goals.
It’s better to late than never… The wait for Android Q is over now, it is one step closer to it’s launching. The final beta 6 of Andriod’s latest version. Now the testing & feedback is close to the end.
The beta 6 of Android Q was launched on 7 August, thus, rumors are also rendering in users minds about the release date of the upcoming version of Android.
As we all are acquainted with the process before launching any Android version. Every Android version goes through the process of the beta version in terms of feedback.
Android Q also does the same, It came with 6 beta version. With every beta version, Android Q is getting better and bug-free UI. All the beta version open to the developers for feedback and bug fixing. This is the right way to launch any products without any hassle.
Whenever any new product or services formed in its actual shape, rumors start rendering in mind. The first rumor for any upcoming product is the launching date. Because it matters.
The official announcement about releasing the date for android is still unclear. Some rumors are waving in the air that is enough to mislead you.
Dave Burke, VP of Engineering at Android posted on 7 Aug, “We’re just a few weeks away from the official release of Android Q! As we put the final polish on the new platform, today we’re rolling out Beta 6, thelast Beta update”.
He also added, “Now is the time to make sure your apps are ready before we bring the official release to consumers. Take this opportunity to finish up your testing and publish your app updates soon to give users a smooth transition to Android Q.”
So it’s not clear that what will be the birthdate for Android Q, but according to the Google events, Android Dev Summit 2019 will be the right time. The Android Dev Summit 2019 will be scheduled at 23-24 Oct. So we can assume that either Android Dev Summit will witness the Android Q or it will release before the summit.
Android Q Coming Soon! Are You Ready?
As the final beta out now, so it’s the last chance for every developer to make a change or give feedback before it’s handover to the consumer. So are you ready to make headway in the terms of the contributor?
To dive into the technicalities, first, we have to check what’s new in Android Q beta 6 updates. It includes Android Q system images for Pixel and Android Emulator, also builds tools for Android Studio. The beta 6 updates are also known as final updates, thus, it is formed as final features, gestures and system behaviors.
According to theAndroid
official statement, Beta 6 includes all
previous bug fixes, optimization, there’s a 200dp vertical app
exclusion limit for the Back gesture. Second, we’ve added a
sensitivity preference setting for the Back gesture.
Being a member of the leadingAndroid app development company USA, we are also excited to test our applications. Our app developers are always craft applications under the App Store Guidelines and Operating System features. As a result, Apps that we created are compatible with the Android Q.
Meanwhile, app developers are allowed to check, test, & update their application according to the latest features and UI gestures for Android Q. Android asking all developers to update current apps for compatibility as soon as possible.
How To Update Your Application
To update the application on Android development mode, all you need is theAndroid Q Beta device or emulator, then test. Since it is developer mode that’s why normal Android device can’t compatible with the Android Q beta 6.
Official Android narrated the step by step guide for updating applications for users. Here are the steps to updating your application…
Install your existing app on Android Q devices.
Test with Android Q latest features & gestures(Navigation, functionality).
Test for the privacy setting(location permission, background activity & identifier).
Test the entire SDK and built for libraries, if any issue just updates it.
Update and Publish your App at Google Play Store for better UX in the future.
By following the entire step by step guide for updating application for developers mode. It must follow the process for Android Q, so whenever Android Q will take it’s actual shape, one can ready with their application. Here are some of the must feature that your app should compatible with…
UI Without Back Button
Compatible For Foldable Phones
The name of the upcoming Android version is still a myth. It can be Android Quiche, Queen of pudding or it can be Quesito.
The Android Q is about to come… maybe it gonna released soon. According to the official statement of Android, they are planning to launch it as soon as possible. Also, it’s the developers’ duty to make their existing application ready for the upcoming changes.
Meanwhile, the Android Q will closer to the reshaping it’s an actual state. Therefore, it’s good to test your application under the latest Android features. Otherwise, anyone else will make headway and it will cost you to lose the customers.
There is no project opportunity that’s too feeble as it can gift you a
great client that lasts a lifetime. It takes more than just the product or
service to win a client. It takes a marketing team to nurture and attract the
lead. And then comes the sales team that offers what the client exactly wants.
Later, the after-sales team will ensure client retention and repeat sales. Winning the first thousand customers is a milestone that any startup
would aim for. It is one way to identify the market and learn more about
clients and their requirements. Having the right team by your side will not
only win that first hefty chunk of customers but will also help you learn to
influence the market. Since they are the ones facing the client they will know
them and their needs better. Having a qualified and an expert team at right
place forges a relationship with clients and demonstrate their abilities while
working with a client while keeping the doors open for prospects.
Here’s how you can have a team dedicated to growth that delivers a blend
of winning clients and influencing the current market.
Business Development Team
This team takes the core responsibility for creating a foundation base
with the clients. They build a certain rapport and relationship with potential
clients. Right from making the cold calls and tracking new leads, they do a lot
of legwork by nurturing potential leads. BD Team may also create informative
resources like RFP (request for proposal) and RFQ (request for qualification)
responses, use cases, client experience lists and other promotional materials.
This team also works in close tandem with the marketing team and other
senior staff to keep the value proposition unaltered.
Defining Content Marketing Roles for Account Service Teams
First, have small account teams to share the load of all your content marketing
efforts. This will have each team member bringing in some unique skill set to
each of the small teams. Such small teams will help client to attain their
tailored content marketing goals by saving their time. The unique way with
which each team functions independently can custom assist multiple clients at
the same time which also reflects their efficiency to handle multiple projects.
The key is to have an account team having an account strategist and a
content strategist with a couple of editors to help them. These small teams can
largely influence the market and push the prospective buyers to the top funnel
of lead. This is where the BD team, as discusses above, comes to play.
Comprehensively, all will come under your startups’ A-Team striving their best to come out as a winner in the long run.
Role of Senior Staff and Principals
These are the people who shoulder the responsibility of building a relationship
with clients and managing it. Clients are looking for someone whom they can put
their trust in. Reliable individuals with expertise and proven track record
help in winning more clients. They can even influence clients to a great extent
through their proactiveness and responsiveness.
Clients love those who walk the extra mile for them. In turn, they
spread positive word of mouth and help you get more leads as well. Senior staff
handle clients beyond just reports and drawings. The senior staff also works
for writing fee proposals and helps BD team by providing technical inputs as
and when needed.
Nurturing Business Development Skills in Teams
It is best to run scheduled activities for BD and marketing in parallel
with the specific staff responsibilities and assignments. Try nurturing more
in-house talents for multiple positions that help to keep a flexible bandwidth.
Registering startup as a private limited company will keep open the options to
get funding in future. And for raising that, you will need to demonstrate a
team who’s capable of pulling things together on the client front. Therefore,
try incorporating training and assignments to bring out latent capabilities of
the current staff under different departments to fit them in multiple roles.
Once the grooming is done, see who fits where – Farming or Hunting.
Farming: Act of nurturing and cultivating existing clients, eyeing repeat sales. This will need individuals who can subtly influence the market by understanding the targeted market segment. Avoid overlooking the farming aspect by rewarding the team which is experienced in retaining old customers and maintaining the relationships.
Hunting: This is an active pursuit of targeting a specific set of clients or certain projects. It largely involves identifying your differentiators and gathering recon information. Another key aspect of hunting involves roping in skilled individuals from each department that brings value to customers and win them over the competitors.
Forming the team based on requirements
Start with pairing the right team members based on their expertise and
allocated resources that fit the client’s bill and need. Every business
opportunity is unique and crafting unmatched value for clients will help to
retain them. Requirement-based teams will help by stepping up to the client’s
requirements. This will have clients valuing your services and capabilities.
This is where even higher rates of providing services will not be questioned.
When you are tailoring the team it is recommended to review staff
competencies periodically for identifying operational, analytical or leadership
gaps. Hiring for the project should then be done based on the data-driven
marketing maturity and priorities as per the analytics roadmap.
In today’s competitive times, multiple teams need to function as a
single unit with a common goal. This calls for alignment in marketing, sales
and BD teams for client acquisition, retention and market disruption. Such a
mindset is bound to take your business forward by winning more and more
customers over time.
Shrijay is an entrepreneur
with more than ten years of experience in working with hyper-growing digital
commerce companies across the globe. He is a data savvy leader, and a true
believer of people first philosophy. Currently, he runs an eCommerce strategy
and Analytics consulting company, along with a LegalTech venture in India – www.LegalWiz.in.