The growth of a business is essential for the economy of a country. It is the startups which in future may go down as a big sector which ultimately helps to promote economic growth. Hence it is essential for a society and country for startups to sustain and survive so that, it can stand up on its feet.
But it is a difficult time for a new startup to stand up on its feet and survive at the same time while making a profit. This is where mastermind groups in Vancouver come in. They provide assistance in every possible way so that the new start-ups could progress without much headache.
The mastermind groups provide not only capital but offer technical expertise to the start-ups so that there's a smooth road ahead where they can thrive. It's different from venture capital for the fact that, venture capital works in providing the capital only. But mastermind groups could provide technical expertise beyond the capital factor.
And this aspect is very important because giving out capital is an easier task than providing technical expertise. Let's face it if one is starting a start up, excluding capital, one reason for which the business can break down is, lack of expertise. If at that time, a person could guide the owners in ways, then that startup could survive and prosper.
It is also different from their small industry development program as mastermind groups in Vancouver will select only a few projects which they want to get involved whereas small industries development projects have covered almost all the predefined industries.
That is why mastermind groups are slowly getting so much importance. As it shapes the economy in fact much better way, hence, in today's world, it is the mastermind groups who actually hold the future of the startups.
One needs to go through a vigorous process to come under the wings of the mastermind. But once one does it, from capital to the office it is the mastermind who will provide everything. It gives the startups the much-needed breath of air as it means, they can focus on getting on the feet with assistance. And this assistance is what matters in the end because even if there is inflation or recession, as there is a mastermind group, these startups are better suited to survive than those out there.