As an entrepreneur himself, Mike Baur is a Swiss businessman who has offered his advice to others who want to start their own businesses. He co-founded a company that helps entrepreneurs through the earliest stage of forming a new company. This company is Swiss Startup Factory and he is a board member. At this company he helps guide these new business owners through mentoring and providing office space. He also helps them financially by giving them access to his network of venture capitalists.
When it comes to having a great idea to build a business around, Mike Baur says that the ones that come spontaneously are always going to be better than ones where you specifically set out to come up with some brilliant idea. He says a great idea usually occurs in circumstances where you identify a need for a product only to find out it doesn’t exist. Your new business can be built to solve that problem by creating that product.
Mike Baur says that many people don’t realize how easy it is today to research a business idea before launching a company. He says that you can easily and swiftly create a website with not much money. He also points out you can use Whatsapp and come up with a big test group quickly. He says this costs nothing at all except a bit of your time. He says that modern technology has made it so that launching a new company is better than it’s ever been in the past.
For about 20 years Mike Baur was an executive in the Swiss banking industry. When he was 39 years old he founded his first company, Think Reloaded. This company offered his professional strategic advice to those who were wealthy. It was in 2015 that he co-founded Swiss Startup Factory and today it is the number one business in Switzerland that acts as a business incubator. He attended the University of Rochester New York where he graduated with an MBA. He also attended the University of Berne and earned an executive MBA.
Over the years Mike Baur says that he received a lot of very average new business pitches. He decided that a lot of new entrepreneurs really needed help creating these pitches. That led to Swiss Startup Factory which he says acts as a boot camp so that people can learn how to pitch their ideas much more effectively.