Mike Baur: Mentoring digital startups

Mike Baur is one individual who is working on changing the lives of young entrepreneurs in Switzerland and the world all over. Mike is the founder of the biggest and an independently owned startup company in the world. The company, known as Swiss Startup Factory, is the best option for any entrepreneur who has good business ideas but is blank on how to go about implementation. According to Mike Baur, many businesses in the world fail within the first two years of their operation. He attributed the failure not to poor business ideas, but to poor decision making in terms of running the business. In the first few years of a business, the owner should be focused on working on the business and not working for the business, the first few years of a business are times to lay a strong foundation for the company and not the time to focus on making super normal profits.

 

According to Mike Baur, business owners need to focus on growing the business even before they think of how to use the money they get from the business for other ventures. Mike Baur started the Swiss Startup Factory with the aim of helping digital startups. He started the company alongside Max Meister in 2014. Max was his friend and classmate at the Bern University. The incubator helps startup entrepreneurs with mentorship and training aimed at giving them skills and knowledge on how to run a business successfully. The company does not stop at mentorship and training. It makes another step of helping entrepreneurs with funding on top of offering then working space to start running their businesses. All this is achieved by enrolling in a 3-month entrepreneur program at SSUF.

 

Participants of the 3 month accelerator program are trained on how to create and market their brands in a global platform. They are also taught how to establish and maintain business networks. In business, you cannot survive on your own. It is for this reason that Mike Baur recommends that entrepreneurs should strive to establish meaningful business links. The program also teaches participants on how to establish good connections with the corporate players and investors. Investors are crucial to any business for funding purposes. Having the right partners on your side will create a likelihood of the business to achieve its long-term goals.

 

The role that Mike Baur plays through the activities of Swiss Startup Factory has in the last few years helped numerous entrepreneurs. The accelerator program runs twice a year.