Hey Hara,
There are lot of factors for your flex app performance:
1) Server response,
2) Backend response,
3) What kind of communication are you using in the middle tier? FDS or
open AMF or some other
4) Container nesting & architecture
5) What is the app loading initially? By this I mean whether you are
loading an image, etc..
You need to revisit your application architecture & pin point the
issues. From the front end, yes, container nesting plays a very important
role & also the type of controls you are using.
Hope this helps.
Regards