Mike Baur has been in the world of entrepreneurship for barely four years and the progress he has made with the Swiss Startup Factory is pretty notable. Launched in 2014, the Swiss Startup Factory has been working with entrepreneurs by offering them support to establish their businesses. When he launched the incubation facility, he came from banking, where he resigned to venture into entrepreneurship. He did not imagine the facility would grow to become the best incubator in the country, but just two years later, it became the biggest.
To touch the entrepreneurs and to help them manage their ideas, Mike Baur offers a three months incubation program that is managed by highly experienced individuals. Offering support to young entrepreneurs offers Mike Baur the satisfaction he has for many years sought to achieve. His effort has helped to raise the bar for many businesses and he is looking to expand the reach of the Swiss Startup Factory so more can also benefit to launch their ideas after the three months incubation. He is optimistic about the growth of the company and is hoping to see more successful companies in the market that went through the incubation system.
Law and taxes
Young entrepreneurs often lack understanding beyond the product they are dealing with. They do not factor in some things like taxation and law that could possibly hinder their progress. While the idea could be perfect, lack of skills and knowhow about law and taxation could bring the business down, should there be a contravention of any section of law. This is why the Swiss Startup Factory offers support to entrepreneurs to ensure they understand about law and the impact it could have to the progress of the business.
Design and presentation is something that matters a lot in business. How the product is presented and designed determines the first impression that will be created and whether it will get as many sales as required. Through the Swiss Startup Factory, the ideas entrepreneurs present are shaped into products through creative design and presentation.
About Mike Baur
Mike Baur is a banker by profession who served in the Swiss private banking sector for more than 15 years before he exited to join entrepreneurship in 2014. He studied Finance and Banking but later went for an MBA at the University of Rochester. Mike Baur also received an Executive MBA from the Bern University.