There are so many people out there with excellent app ideas but no coding knowledge or extensive expertise in the area and zero understanding of marketing, for example.

While you can do the hard work yourself and learn the other part of the equation, there's an even better solution - partnering with a compatible professional. Let's see how you'd go about doing that.

https://cdn.pixabay.com/photo/2016/12/01/18/17/mobile-phone-1875813_960_720.jpg

Why Get a Partner?

Let's assume that you're an entrepreneur or developer. You already made sure that your app idea is feasible, and you're ready to start working on it.

If you're not a proficient programmer, you'd need at least half a year to learn the ropes. If you can code, you'd be pulling double duty while designing the visuals, coming up with marketing strategies, and growing a social media presence.

That's too much work for one person, so you could hire a team to work under you. However, unless you already have a group of dedicated experts and the means of paying them, that's not a good approach for a startup.

On the other hand, teaming up with another person ready to pull themselves by the bootstraps can yield much better results, not letting you face complete burnout.

Finding a Partner

You're ready and willing to find a partner, but you don't have a particular person in mind. Here's where you could look:

• The Internet. There are so many high-quality developer communities for you to visit and explore.

• Events. IT is the hottest field in the market. Visiting a specialized event can easily land you an associate.

• Connections. If you already dipped your toes into networking, use those contacts.

Choosing a Partner

Ideally, you won't jump the gun and team up with the first person you find. Once you have a pool of options, ask yourself the following questions:

• Are they experienced?

• Are they familiar with your field?

• Do your visions match?

• Can you two budget the initial stages?

• Do they have useful connections?

• Are they excited about the idea?

The more positive answers you get, the better your cooperation will be.

https://cdn.pixabay.com/photo/2020/11/23/03/56/handshake-5768632_960_720.jpg

Managing Revenue and Expenditure

Now come the exasperating but exciting stages of actually creating the app.

However, there's another thing to consider. Let's see how the financial details change when you're not going in solo.

As Faris CPA accountants explain, income splitting refers to the wide array of approaches a team can use to distribute income. Plus, it can lead to tax savings.

Luckily, you can split the income any way you want in a business partnership.

Either way, it's always best to write up a profit-sharing contract and include it in your general agreement. You'll avoid misunderstandings later on by defining the following aspects in your legal document:

• Profit and loss divisions

• Contributions to the partnership

• Management duties and roles

• Business decision-making

Working with an accountant and a lawyer to formalize this agreement is also a good idea, especially if neither of you has a legal background.

https://cdn.pixabay.com/photo/2016/02/19/11/19/office-1209640_960_720.jpg

The Bottom Line

Overall, teaming up is a much quicker, more seamless way to get your app out there. As long as you choose the appropriate person and handle the technicalities the right way, your idea will become a reality in no time.