Mike Baur’s Boot Camp For Startups
Swiss banker Mike Baur may not look like a harsh individual, but he is determined to whip Switzerland’s entrepreneur’s into shape. Since 2014, his company has been taking in small business people and helping them turn their startup business into a long-term successful one.
The title of this article comes from his own words. He says that, before he first started Swiss Startup Factory, he had an idea to create a kind of “boot camp” for startup business owners. The goal was simply to boost the performance and success rate of Swiss startups. Of course, he doesn’t have them out in a field marching around or doing push-ups, but he is teaching them the art of business management in a controlled environment with the best and most qualified people guiding it. in 2014, Baur along with business partners Max Meister and Oliver Walzer, founded a company based on that idea. their 3-month “boot camp” has proven to be pretty successful.
Mike Baur is originally from Freiburg, Switzerland. He graduated from Bern University with an Executive MBA. Then, he attended the University of Rochester and graduated with an MBA. From there, he went to work as an apprentice for the Union Bank of Switzerland. He would later work for Clariden Leu bank for about 6 years as well. Between these two jobs, he has about 20 years worth of banking experience.
During his time as a banker, he worked for a time as an early-stage startup investor. Naturally, this involved hearing a lot of business pitches from a lot of different people. According to Baur, there were simply too many of these ideas that were not good enough. He says that he didn’t just want average ideas, he wanted great ideas, and set about making a plan to start a new company based on that need.
Some of Baur’s best tips for new startups:
- Look for a gap in the market, and fill that gap.
- Take advantage of new technology to reach more people.
- Have trust.
- Don’t be afraid to fail, because you can learn from it.
- Ignore all the naysayers.
- Work hard (“Work like a pig” to be exact.).
- Always share ideas with others, because you never know what they may have to offer.
- Don’t be frustrated by long dry spells, as these are just meant to separate the wheat from the chaff.