Mike Baur Explains Three Foundations For Taking A Businesses From Scratch To Receiving Funding

There’s new developments going on in Switzerland as the country is being told it’s time to come out from under the shadow of the longtime banking industry domination and move instead to promoting entrepreneurship among its young people. There have been new government programs such as business grants and stimulus programs to encourage people to start their own companies, but Mike Baur the Executive Chairman of the Swiss Startup Factory (SSUF) is doing even more about it. What he has built at the SSUF, is a company that gets involved with the business building process by bringing in participants and helping them formulate an executable business design.

 

Mike Baur says there are three foundations to building the building a business that you have to start from if it’s being built from scratch. The first is that you have to make it happen on your own because there are no lucky encounters in entrepreneurship. That means you should be putting your idea into a structure, networking and building your development team and of course preparing to meet with potential investors. The second is that your business should be adaptable and ready for any changes within a few years. And the final step is being willing to take risks, and it’s not about deciding to start a business that’s a risk, but you do take risks with every investment and strategy you put forth as a founder.

 

Mike Baur went from working long hours in a bank office to now having an active role as a mentor and a relationship builder at the SSUF. He had gone into banking back in 1991 as just a young apprentice, and he was told that he could have a highly lucrative life afterwards if he followed a plan. Baur was very good at spotting big investments and offering good loan advice, and he became a well-respected officer at UBS Bank. He would even become a commercial banking advisor at Clariden Leu later on, but when the US housing market bubble crashed in 2008, the next few years became very difficult for banking. By 2014, Baur decided to retire from banking since he believed he could do better.

 

Mike Baur began his new endeavor to invest in and spur entrepreneurs by finding Think Reloaded in 2014 and later bringing together Goldback Groupk, Red Bull Media and Helvetien to start the SSUF. The SSUF carefully vets applicants to make sure their business ideas are such that can be profitable to investors. Baur also has moved to bring funding for the SSUF’s successful startups through an office plan that will give companies access to space and equipment as they get started.

 

Mike Baur Starting a Business

Do you want to start your own business? If you do, there are plenty of options for you to work with today. However, you need to make sure you work with someone who can guide you through the different areas of business. A lot of people are excited about the changes that are taking place in this area. Mike Baur has a start up factory where he teaches people the keys to starting a company. With his guidance, you can start to take your business idea to a new level. Not only that, but he truly cares about the customers that he works with. Mike Baur has a track record of success in the business world, and working with him is one of the best things that you can do.

 

Financing

 

One of the biggest obstacles to starting a company is the financing aspect. Few people have the cash on hand to start a business from the ground up. With that being said, it is not always the best idea to borrow the money to start a business. If you borrow too much money, you could be in a position where all of the cash flow comes out that is coming in. A lot of new companies get too leveraged and they struggle to get to the next level with their growth. Mike Baur can help you go through the process of finding the right financing plan for your needs. Not only that, but he has done this himself so he knows the challenges that a lot of people face in this area.

 

Future Plans

 

Mike Baur knows that he has had a lot of success with this business idea. There is a huge need for people who want business advice and getting to the next level. Not only that, but he truly cares about the lives of other people and believes that small business is the best way to bridge that gap. Over time, Mike Baur has proven that he has the knowledge that you need to plan a business idea and execute it at a high level. Not only that, but he is the type of person who is always willing to give more time and money to others. If you have the work ethic, he is going to help you take your life to a new level through your business ideas. Come by and see him today at his start up factory.