Mike Baur’s Successful Transition From Banking To Entrepreneurship

Mike Baur began his career in the banking industry by working as a wealth manager at UBS Wealth Management since 2000 after his college graduation. Additionally, he worked in Sallfort Private Bank and Clariden Leu. In 2008, Mike began gaining an interest in entrepreneurship and resolved to quit his job. He started Bainso in Pfäffikon, Switzerland to help start up businesses expand their network and find investment capitalists. With a background in finance, Mike structured efficient trade and marketing solutions that helped his clients stay ahead of the curve in their niche by putting out disruptive products and services.

 

In January of 2015, Mike started Swiss Startup Factory and headquartered its office in Zurich. The firm offers 3-months long accelerator programs that help launch new businesses into their field successfully. Mike provides the clients with mentorship, office space, networking platforms, accounting services, human staffing and payroll solutions. After the completion of the first accelerator program, Mike provides additional services to ensure that the client has a firm grip on the essentials needed to succeed in the business. Mike started Founder Stories as part of Swiss Startup Factory to feature regular interviews with accomplished entrepreneurs who share their journey’s lessons and motivational tips. In his interview with Founder Stories, Mike reveals that creating a unique business idea is the foundation for success. He explains that it is easier to acquire capital by impressing investors with new products that are not in the mainstream market.

 

Mike considers Swiss Startup an incubator company since it specializes in helping firms copy successful prototypes, accelerate their business and eventually design a unique business strategy. Mike revealed that the enterprise’s investors and partners have a strong dedication to see the customers succeed. They have no political affiliation and invested a substantial amount of their resources towards the venture. Baur stated that Swiss Startup helps the Switzerland entrepreneurs take their ideas from the ground and maintain them as long term revenue generating endeavors. Mike believes that Switzerland people are excellent in creation but need support to execute the innovations. According to him, it is possible to instill useful skills in business people, but it’s hard to inspire creation. This year’s first accelerator program began in January and featured three to five teams. After the completion of the program, the teams submitted their portfolios to Worldwebforum Coolest Startup to gain opportunities for expanding their business to a bigger local market and an international fair.