Kateryna Pysmenna

Kateryna Pysmenna

Tech Researcher
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About the author

I love to get to the bottom of the topic I write about by investigating information from the web and personal interviews. I prefer numbers and facts from reliable sources like Crunchbase, New York Times, and Fast Company to eloquent epithets.

Thanks to interviewing smart people — experts in their fields — I'm able to learn from them and share value-packed insights with entrepreneurs, startup owners, and tech peers via the Mind Studios blog.

How to Build a Stock Trading Platform: Tips, Key Points and Cost
6 June 2024
How to Build a Stock Trading Platform: Tips, Key Points and Cost

In recent years, the market has seen an increase in stock trading apps. You’ve probably heard of E-Trade and perhaps the Robinhood app. In parallel with stocks, the demand for cryptocurrency trading is steadily increasing. But you no doubt knew all that since you’re already planning to make a custom trading platform. So without further ado, let’s talk about how to build a trading platform that will take your business to the next level. Choose the right trading platform type We’ll assum

How to Build a Cryptocurrency Exchange Website?
6 June 2024
How to Build a Cryptocurrency Exchange Website?

“Do you realize you want to build a cryptocurrency exchange website at a time when Celsius declares bankruptcy, and Gemini lays off 10% of its employees? Are you crazy or what?” This is pretty much how your fellows might react to your idea of building a bitcoin exchange website these days. Admittedly, their fears are not without merit. According to Bitcoin.com, in Q2 2022, a myriad of crypto ventures have been suffering from the crypto winter. This results in massive staff cuts, withdra

Fitness App Development: How to Create a Fitness App in 7 Steps
14 October 2024
Fitness App Development: How to Create a Fitness App in 7 Steps

Today, if one wants to make some drastic changes in life — learn to meditate, build muscle mass, or eat healthier — they don’t necessarily need to go to the gym or see a nutritionist. Now, people can just download an app and stick to the instructions. And that's why health & fitness apps are flourishing like never before. According to Straits Research, global fitness app market is expected to reach USD 30.63 Billion by 2030, meaning it will be growing at a compound annual growth rate of 21.5%.

How to Create a Food Delivery App Like Postmates
21 March 2024
How to Create a Food Delivery App Like Postmates

With the development of Postmates-like apps being the rage it is, entering the market isn’t easy. How to create a food delivery app that will find its audience and bring you success? According to our experience, the success of any mobile app is preceded by thorough market research. Thanks to analyzing competitors’ solutions, and target users’ needs, we managed to build a competitive online delivery app James Butler for Denmark. Particularly, we figured out that busy Danish preferred to order d

Building a Successful Food Delivery Website: Know-How
21 March 2024
Building a Successful Food Delivery Website: Know-How

So you’re thinking of building a food delivery website. Are you going to build it from scratch or via a website builder? Will it be only a mobile-adapted website or also a native mobile app? Are you sure you really need to start with a website instead of a mobile app? Thomas Eriksson was puzzled by similar questions when he appealed to us to launch his food delivery startup in Denmark. Thanks to the in-depth discovery stage, we figured out that a mobile app would be more convenient for users t

Real Estate App Development: The Ultimate Guide
9 October 2024
Real Estate App Development: The Ultimate Guide

This is a comprehensive guide on real estate app development, covering key features, tech stack, and challenges involved in the process. Highlights: * The global real estate market is becoming increasingly dependent on digital and mobile solutions. * Real estate mobile app development helps streamline operations, improve client communication, and stay competitive. * Custom real estate apps address specific challenges for buyers, sellers, and agents. These days, if your real estate b

Six Strategies for Choosing a Web Development Company for a Startup
15 October 2024
Six Strategies for Choosing a Web Development Company for a Startup

Tips on how to choose a web development company for your startup typically include conducting research, visiting Clutch, and checking a company’s portfolio alongside client reviews. What’s wrong? Clutch lists around 40,550 verified companies that all have ratings close to five stars reinforced by positive client reviews. Even if you open the Leaders Matrix or apply all filters, there will be tens if not hundreds of companies with similar attributes. How are you going to find the right one? W

Car Rental App Development: The Ultimate Guide
15 October 2024
Car Rental App Development: The Ultimate Guide

As the owner of a car rental business, you know that this more than one-hundred-year-old industry is teeming with ferocious competitors. There’s no chance to turn all drivers in the world into your customers. But there’s a chance to stand out from the crowd by creating a cutting-edge car rental mobile app that will entice new customers like a hot red Ferrari entices onlookers. In this article, we’ll share the eight most forceful hacks that have proven successful on all of our car rental app de

Customer Development Guide: 4 Steps with Examples
15 October 2024
Customer Development Guide: 4 Steps with Examples

The principles of customer development were devised by Steve Blank way back in the 1990s. So why does every third startup continue to fail because of ignoring them? Customer development tends to be a painful process. It requires startup founders to shift their mindset. Instead of blindly believing that their ideas and gut feelings are rock-solid, they need to find gaps in their ideas, prove themselves wrong, and invalidate their hypotheses. Who wants to beat themselves up of their own will?

How to Conduct a Competitor Analysis for Startup [With Template & Examples]
10 March 2023
How to Conduct a Competitor Analysis for Startup [With Template & Examples]

You have a brilliant startup idea. But guess what? So do your competitors. What really matters is that your potential customers notice you. Your product either has to meet customer needs that have been unmet by competitors or serve customers in a better way than existing solutions. In this post, we’ll show you how to conduct a competitor analysis that will allow your startup to find the right spot in the market. Why do you need to conduct a competitor analysis? Find the five top brands

Calculating the unit economics for your startup: Guide
15 October 2024
Calculating the unit economics for your startup: Guide

To keep afloat, every startup needs to be profitable. In theory, all you need to do is maximize the difference between the cost of production and the marketing costs for your product or service. In practice, just as you can’t reduce the cost of production to zero, you can’t endlessly increase your marketing costs because of competitors and the solvency of your target customers. How to find the right balance between expenses and revenues that will make your business viable? There’s one possible

How to Do Market Research for a Startup: 7 Steps with Examples
15 October 2024
How to Do Market Research for a Startup: 7 Steps with Examples

Like most entrepreneurs, you believe in your startup’s success. But what if this belief is blind? Picture this. After spending 18 months and $70,000 on launching your new business, you recognize that revenue doesn’t meet your expectations and never will. The market is too small, the competition is too high, there are too few paying customers. Is there no way for startup owners to avoid financial losses and frustration? In this article we will dive deep into how to do market research for st

Top 5 Best Real Estate Tech Startups to Know in 2024
14 October 2024
Top 5 Best Real Estate Tech Startups to Know in 2024

Want to improve your real estate business, get an unfair advantage over your competitors, or entice solid investors? In this article, we consider real estate tech startups in 2024 that have already raised millions in funding along with five technology trends that lie behind them. What PropTech startups are attracting VCs? Heightened interest in technology investment is no longer a novelty for the real estate market. The Center for Real Estate Technology & Innovation (CRETI) reported that in

How to Outsource Software Development in 2024: Benefits and Costs
14 October 2024
How to Outsource Software Development in 2024: Benefits and Costs

Entrepreneurs have mixed opinions of software development outsourcing these days, and for good reason. The failure of a payroll app development project outsourced to IBM in 2007 cost the Queensland health department $1.2 billion. On the other hand, outsourcing development to the US allowed Jack Ma Yun, the founder of the Chinese company Alibaba, to bring in $60+ billion in revenue in 2021. What did Ma know that Queensland Health didn’t? In this article, you’ll figure out how to reduce the ri

Minimum Viable Product’s Benefits and Goals: An MVP Development Process Guide
21 March 2024
Minimum Viable Product’s Benefits and Goals: An MVP Development Process Guide

Building MVP is no simple task. Startup founders face great disappointment when, after months of exhausting work and large sums of money spent, their company fails to withstand the fierce market competition. Here’s what the US Bureau of Labor Statistics tells us about the survival rate of private sector establishments: * 20% of new businesses fail in the first year. * 34% of businesses close within the first two years. * More than 50% of businesses remaining after the second year close by

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