Many Hong Kong people have an entrepreneurial dream. But behind every creative idea, an important question remains: can your idea actually be implemented? Have you calculated how much working capital and backup funding are needed to make the idea real?
Even if you plan to apply for government funding such as the Technology Voucher Programme or startup funds, many schemes require payment first and reimbursement later. Entrepreneurs are often new to the field. Before starting a business, they may have enthusiasm but limited industry knowledge, research or financial calculation.
Everyone knows the major trends: unmanned economy, self-service models, digitalization, automation, IoT and increased mobility. Many young entrepreneurs hope to take their first step with information technology, such as developing a mobile app, building a website or creating an e-Shop.
When technine communicates with clients, they often ask why quotes from different app, website and e-Shop development companies can differ so much.
Type One: A Few Thousand Dollars
The price looks very attractive. But have you considered why it can be so cheap? We have seen many situations happen to clients.
Some app development companies verbally promise that anything can be done, but after the project starts, nothing can be changed. Some cannot be contacted after the project begins. Some start without a timeline and keep delaying the project, leaving it unfinished after more than a year.
Other risks include using an unsuitable programming language that makes the app slow and unsmooth, or refusing to fix problems when the app has issues. In more serious cases, the company may already be closed when the client most needs support.
Many enquiries we receive come after payment has already been made, but the app is only half completed and the project has dragged on for more than a year. In the end, many clients lose both time and money, then have to find another app development company and start again.
By now, readers should have a clearer idea of the risks. As the saying goes, cheap work often comes with hidden costs. In the next article, we will focus on what businesses should know about app development fees.
Translation supported by AI.