Sooner or later, every entrepreneur asks himself the question: How can I accelerate the development of my project?
Two support formats are often used: Masterminds, peer-to-peer exchange groups, and the incubators, more institutional support structures. But which is the most suitable for your situation?
One Mastermind is a select group of entrepreneurs who meet regularly to share their experiences, problems and advice.
Key principles:
A Mastermind is based on the Trust, Transparency and Reciprocity : everyone gives and receives.
One Incubator It is a structure that supports startups and entrepreneurs in the first phases of their development.
It generally offers:
The incubator follows a more formal framework, with Structured Support Programs.
Even though the two approaches aim to help entrepreneurs, their formats and benefits are very different.
1. The Format
2. The Duration
3. The type of support
4. The Cost
5. The Target Audience
6. The Key Benefits
->The two approaches are not exclusive: some entrepreneurs start in an incubator, then join a mastermind to continue to progress over time.
Whether it is a Mastermind Or of a Incubator, the key remains the same: Do Not Move Forward Alone. The choice depends on the stage of your project, your needs (network, financing, structuring, moral support) and your personality.
-> The important thing is to dare to surround yourself in order to save time, avoid costly mistakes and maximize your chances of success.
A mastermind is a group of entrepreneurs who meet regularly to discuss, share advice and help each other out.
An incubator offers structured support, training and sometimes funding, while a mastermind focuses on the strength of the collective.
The choice depends on the need: structured support and resources for the incubator, or exchanges between peers and mutual assistance for the mastermind.
Yes, many entrepreneurs choose to join an incubator while participating in a mastermind to maximize their support.