Mike Baur is showing the world how you can successfully start a business. He is a former banking executive that became tired of the banking industry. He’s used his knowledge of the banking business and his entrepreneurial skills and decided to start a business known as the Swiss Startup Factory.
This is a phenomenal thing for people that may never have been in business for themselves. Mike Baur and his team are doing their best to help those people that have never been able to go out and start a business on their own. He has different levels in the business field that he is interested in helping people develop. There are coaches in place to help entrepreneurs that are simply at the growth stage of their business. There are other business leaders in place that can help these men and women transform their business into one that is thriving and profitable. This is what Mike has been able to do with people that make a decision to sign up for his program. He has the accelerator program that is excellent for people that want to get their businesses started in a timely manner.
The majority of people that start up businesses for the first time are not equipped to totally know all the aspects that it takes to make a business successful. Baur knows many people may have failed to realize. He is able to look at the business from the perspective of someone that has experience. He knows about venture capitalists. He also knows what it will take to help a business grow from one stage to another. Most new business owners have a successful mind frame, but they may not have the resources to accurately assess the market. Many people simply have a good idea that they want to capitalize on. They may not know anything about sales forecasting or other things like just-in-time inventory. It takes someone like Mike Baur to give people some insight that they may otherwise not have.
The Swiss Factory Startup is something that business owners really need because it helps a lot of people from starting businesses that fail. Everyone thinks that they have a good idea, but sometimes these are ideals that need to be improved upon greatly before the business goes into effect. This is why the Swiss Startup Factory is important. It prevents people from making bad decisions.
Mike Baur is an experienced banker who served in an executive position in the Swiss banking industry for more than 15 years before he decided to try his hand in entrepreneurship. He comes out as a dedicated professional whose passion for entrepreneurship has seen him launch the Swiss Startup Factory, an incubation facility that is helping young entrepreneurs to nurture their ideas.
He founded the company in 2014, the same year he exited banking and in the few years it has been operational, it have managed to support over 20 talented startups across the country. Mike Baur has expressed his passion for entrepreneurship through this program and has gone ahead and invited investors, who offer startups financial support once they are through with the incubation period.
Digital business strategy
The world has gone digital and any company that aspires to achieve great results ought to embrace digitization. The Swiss Startup Factory helps startups to manage their digital strategy by offering them a platform where they can plan on how to integrate digital processes. There is a pool of professionals who are highly experienced on matters technology and IT who come up with solutions that suit particular businesses.
Management and leadership
A startup performs depending on the effort that is put in by the people in leadership and management. The Swiss Startup Factory offers vital skills to the entrepreneurs to allow them to manage and lead well once the startup gets operational. They teach them how to implement the growth process and the kind of challenges they will encounter along the way. Most startups despite having great ideas fail in the first few months into establishment, and this is the trap the Swiss Startup Factory is helping young entrepreneurs to avoid.
Every startup needs to understand how things run in the market and the basic management principles that can make them better in the long run. This is one of the areas the Swiss Startup factory offers support to ensure by the time the business is officially launched, the entrepreneurs have vital running skills that can enhance performance.
Mike Baur, born in Fribourg, is an entrepreneur and venture capitalist who has also been working to see that startups within the country access the support they need to grow. He previously worked as a banker before he made a decision to try entrepreneurship. Mike runs and owns the Swiss Startup Factory, an incubation facility for talented startups across the country.