Being a successful entrepreneur comes with struggles. So many entrepreneurs would greatly succeed if at all, they were shown how. Even so, tribute is given to tender-hearted business experts who have extended a helping hand to support business starters with insightful guidance to help them sail through their business goals. Among these beneficent business counsels […]
Being a successful entrepreneur comes with struggles. So many entrepreneurs would greatly succeed if at all, they were shown how. Even so, tribute is given to tender-hearted business experts who have extended a helping hand to support business starters with insightful guidance to help them sail through their business goals. Among these beneficent business counsels is Mike Baur who has an immense prowess in developing tips that are geared to thrusting his clients to surpass their goals.
Teaming up with Likeminded for Success
In 2014, the revered businessman, Mike Baur in a joint effort with Max Mister and Oliver Walzer, created the Swiss Startup Factory (SSUF). The trio had a common goal to establish entrepreneurial support to sprouting companies. Since then, SSUF has been helping in designing innovative ideas that catapult the growth of startups into global companies. Moreover, these coinages are meant to bring in new business models, create new services and products, in addition to changing the status quo.
The Story behind Baur’s Success
Before he established the startup foundation, Mike Baur served as a banker at the Swiss Banking Industry where he maintained a healthy track record for more than two decades. Moreover, he worked for UBS and ClaridenLeu before forming SSUF. Additionally, he worked as a judge for the START Summiteer panel where he was involved in reviewing startup pitches in St. Gallen University’s contest. Later on, Baur pursued SSUF, a platform that has formulated a podium to help other people in growing their businesses.
Pivotal Advice to Entrepreneurs
Productivity: To be highly productive, Mike Baur believes that entrepreneurs should prioritize their needs according to their urgency.
Prior Market Evaluation: In Mike Baur’s assessment, it is inevitable to test all new ideas to be sure that they acutely meet the Consumer’s needs. Moreover, it is critical to come up with sample products to measure the response of the target market. As such, an excellent investor will be sharp enough to draw informative lessons and apply them to the success of the business. Besides, lessons learned from the following excerpts should be used in restructuring strategies according to the feedback received from potential buyers.
About Swiss Startup Factory
In their advisory course, SSUF provide a 3-month program that targets new starters. The program tackles monitoring and coaching, support services like office space and operating funds. Additionally, they connect early starters with renowned investors to provide needed support.
Mike Baur is entirely convinced that entrepreneurs who labor and test their products before their introduction into the market will broaden their understanding of the specific demands that clients have. Thereafter, they can eliminate unwanted ideas from the most relevant ones.