Despite being successful in banking, Mike Baur chose to switch career and pursue his passion in entrepreneurship. Amid significant challenges in the technology industry, Mike decided to take a risk and started the Swiss Startup Factory, Switzerland’s leading ICT startup accelerator. Working in the bank made him conversant with entrepreneurial challenges. Through Swiss Startup Factory, Mike Baur focuses on helping entrepreneurs make strategic and informed financial decisions. Besides helping entrepreneurs in financial planning, SSUF mentors, and coaches aspiring tech entrepreneurs.
Mike Baur attributes the success of his company, Swiss Startup Factory to the loyal customer base he has built since its inception in 2014. Dozens of entrepreneurs who have worked with the Swiss startup Factory have made significant strides in the world of business. They have not only expanded their ventures but also made profitable financial investments. Having spent over two decades in the banking sector, Mike Baur has extensive experience and knowledge in navigating business trends. While working at UBS bank, Mike would collaborate with business gurus and financial services advisors. As such, he feels right at home running a company that helps entrepreneurs hone their financial management skills.
According to Mike Baur, working as a banker was not coincidental. Banking helped him learn about financial management and investment. The knowledge he acquired in his banking career equipped him to run a successful startup. As a budding entrepreneur, look for a profession that matches the industry you want to venture into in the future. Going by Mike Baur’s career, it’s clear that an entrepreneur must be willing to take risk and face setback. Entrepreneurship is not always linear as most people would think. You have to utilize opportunities as they arise. Entrepreneurship is like a war zone where the opponent can rip off your master plan on the first contact. As an entrepreneur, grab any opportunity that knocks, as it rarely knocks twice. Emulate Mike Baur’s attitude of open-mindedness and flexibility, and you will go places.
Besides business, Mike spends much time mentoring Swiss youth on entrepreneurship during his free time. Helping young entrepreneurs bring their ideas to the market not only results in success but creates an opportunity for them to hone their skills and extend their professional horizons. Mike attributes his business success to personalized attention to customer needs. That helped him to develop relevant business ideas and stand out from the competition amid consistent changes in the business environment.