Mike Baur – Propelling Entrepreneurs Around the Globe
Mike Baur is a co-founder of the 2014 Swiss Start-Up Factory (SSUF) located in Zurich, Switzerland. The purpose of the Swiss Start-up Factory is to mentor, coach, and provide a positive entrepreneurial network for digital start-ups around the world. Mr. Baur began his 20-year career within the Swiss banking industry and with this background, he is responsible for financing SSUF and to direct its fundraising efforts.
When new entrepreneurs enter the Swiss Start-Up Factory program, they receive three months training where they learn to market their services or products around the world, they learn how to network with other technology entrepreneurs, and they are taught how to get funding from global investors, and other types of financial and educational modules.
Mike Baur stated that SSUF is different from other business development companies because it is an independent entity meaning that it can operate without any conflict of interest or any other interferences. Mr. Baur further explained why he and his partner call their company a ‘factory.’ His explanation included the premise that in factories, people work hard and he said so do the people who work for and attend SSUF. He also said that in order to succeed, entrepreneurs achieve success because of their hard work.
Looking back on Mike Baur’s earlier financial success, it is amazing that he did not remain in the Swiss banking industry. Instead, Mr. Baur stated that he had to following his desire which was to acknowledge and lift-up new entrepreneurs who would normally not have a chance to succeed. The Swiss Start-Up Factory propels the new inventions that the neophyte owners are creating so that new innovative ideas can continue to be introduced into the marketplace.
Mike has an interesting viewpoint on people who wish to start their own business. He states that within the first two years 80% of businesses will fail and within ten years, 96% of them will no longer exist. Mike said that for your own personal business endeavors to succeed, then you may need to stop working for someone else and concentrate fully on your ventures.
Mike Baur shares his years of experience with business owners by offering them wisdom tips he learned on his trail to success. First, Mike said to make things happen for you, choose your own path. Choose a career where you can learn about the industry you wish to enter into. Mike says to make your experiences a purposeful step to give you an advantage in life. His next tip is to be willing to adapt and change with new innovations. Learn about what your business clients or customers need and cater to that niche and you will remain loyal to you. Lastly Mike says to take risks, be open-minded, and face your setbacks head on and learn from them.