Financial reports can feel intimidating, especially for founders without a finance background. But understanding the basics can dramatically improve decision-making and confidence. In this practical guide, Rebecca Nankya Ssemugabi breaks down how to read a balance sheet in simple, everyday language, supported by a hands-on balance sheet generator you can try yourself. M ost founders don’t struggle with running a business. They struggle with understanding the numbers behind it. And few reports feel more intimidating than the balance sheet. But here’s the truth: a balance sheet is simply a snapshot of what your business owns, what it owes, and what’s actually yours at a specific point in time. The Balance Sheet in One Line Every balance sheet is built on one simple equation: Assets = Liabilities + Equity Assets are what the business owns Liabilities are what the business owes Equity is what belongs to the owner(s) If this equation balances, the balance sheet makes sense. A Simple Exa...
The latest Mobile App Stats are revealing interesting information. Now, the searches from mobile devices have exceeded desktop searches in the US, Japan, and other developed countries. People are spending more time on digital devices than sleeping. 2,500 new apps are coming to the three biggest app stores daily, e.g., Google, Apple, and Microsoft. On Google Play, there were 1.6 million apps available by July 2015. The profits are soaring, but the competition is getting stiffer. Pakistani app developers are also carving their niche, which is being recognized by the global app market. Last year, an app developed by a Pakistani developer called Groopic was covered by CNN.
Welcome to Pakistani Apps
Now, Pakistani developers are seeing the potential of the app industry, and international clients are taking advantage of the cheap labor and a highly talented workforce of Pakistan's app developers. Here, we have enlisted the top Pakistani Apps that have made a mark in the international and national markets.
1 .Groopic
It is one of Pakistan's indigenous apps that has got a lot of publicity in Pakistan and abroad. It lets the photographer be included in the image. The app merges two pictures into one, seamlessly. The ingenious idea clicked and garnered praise from across the world. CNN, the largest news network in the world, also covered the success story of Groupic. Developed by a startup ‘Eyedeus, it has around 500,000 downloads.
2. “Run Sheeda Run”
In the games categories, Pakistani developers have given some very memorable apps. This app is quite popular on Google Play Store with around 1 million downloads. The graphics are catchy and the game incorporates the desi locales and characters instead of copying western themes. This game has been made by we.R.play. It has good reviews on Google Play despite being available on purchase.
As Pakistani Dramas saw a revival in recent years, people are more inclined to watch dramas. Now, there is an app that provides the latest content and keeps you updated about new dramas and timings. It’s very economical in size and doesn’t bother you about enormous data. You can download dramas in HD and watch them offline. It has been installed a considerable number of times and has good reviews.
Online shopping trend is picking up pace in Pakistan too. Numerous online stores have sprung up in recent years with their own apps. Daraz is one of these online stores and with a significant number of followers. You can browse categories e.g., Fashion, tech, Mobile Phones, Perfumes, Home Appliances, etc. It also provides options for purchase including VISA/Master cards, bank transfer, or cash on delivery. It has impressive numbers of installs on Google Play as high as 5 Million.
5. PSL
PSL: Pakistanis are diehard fans of cricket. Not only Cricket but anything that is least related to the game is also welcomed wholeheartedly. Pakistan Super League (PSL) is a T20 National Cricket Tournament with international players included. Recently when PSL was launched, the official app of the tournament was also launched. Developed by Bramerz – It provides live streaming, score, match, results, and points update. Included in the game is a feature called ‘Fantasy League’ which allows users to design their own fantasy team with their favorite players and earn prizes. With PSL, you can also buy PSL Official Merchandise. In a short span of time (almost 2 weeks) it has been downloaded around 100,000 times.
6. EatOye
Similar to Online shopping, another trend that is rampant in developed countries and now gaining momentum is food delivery. This app capitalizes on this trend and provides you the facility to order food from hundreds of restaurants in 20 cities in Pakistan. The cuisine variety is immense including Pakistani, Chines, South East Asian, Japanese, etc. It’s another successful Pakistani Startup Story with around 500,000 installs so far on Google Play.
7. Zameen
It is the official app of Zameen.com which is among the most popular sites in Pakistan. Now, this app has made property buying and selling more convenient. It connects you to the huge database of properties in all cities across Pakistan. You can customize searches according to price, location, area, and type. With around 500,000 downloads it is another very popular app in Pakistan developed by Pakistani developers.
8. Islam 360
Developed by another Pakistani developer, it belongs to the app category of religions. It provides the recitation of the Holy Quran with translation and Hadith with an incredible search option. This app has also got recognition in the media. The users enter the keyword and the app displays the verses where that word has been used. Search is available in English and Urdu, but the developer intends to increase the search capability to 104 languages.
Fashion is another field Pakistani designers are excelling. Pakistani designers are now participating in international fashion shows with a remarkable response. Similarly is the situation is in Pakistan where men and women are buying designer clothes. Besides, the websites of famous brands such as Khaadi, Junaid Jamshed, SanaSafinaz, Alkaram, etc. Now, apps are also catering to the emerging trends of online clothes shopping. Pakistani Dresses is one popular fashion apps with around 50,000 downloads.
10. Chalo
The Navigation App for Android is for Pakistani users to find the location of places. You can find CNG Stations, Petrol Pumps, Hotels, Mosques, Shopping Areas, Hospitals, and others. It is very handy if you are visiting an unknown city. With good graphics and features, this app is another startup with huge growth potential.
The rapid growth of mobile apps shows how technology shapes our daily lives, but amidst all this, reflecting on patience, wisdom, and balance through Surah Kahf can guide us — that’s why reading surah kahf in roman english is very useful.
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