While Mike Baur of Switzerland grew up with a strong interest in banking before he was 40 years old he had decided his passion laid elsewhere after that. This was partly from accomplishing everything he had set out to do in that industry and also because onerous banking restrictions meant that his job became one that was mostly filled with working is way through a great deal of red tape. Nowadays he is the executive chairman of a business accelerating company he co-founded, Swiss Startup Group AG.
Over the course of almost 20 years Mike Baur helped people in the banking industry, primarily wealthy families and individuals who wanted to build up their value even higher. He got tired of this as well and so decided that he could serve a better purpose helping early entrepreneurs launch new companies that could not only help them but also give something of value to communities around the world. Swiss Startup Factory, a company he co-founded along with a couple of business partners, is focused on developing new enterprises that deliver disrupting new technology that will transform global markets.
Mike Baur says that the concept of Swiss Startup Factory came from his history of often receiving ideas of for new businesses while he was a banker that just weren’t that well thought out from a business sense. He could see why so many new business ventures failed because they weren’t built on solid business foundations and didn’t feature leaders who could really sell what the company would do.
At Swiss Startup Factory, Mike Baur and his team move new entrepreneurs through a program that lasts three months. During this time they learn time-tested management strategies and how to successfully market their product. They also get offices to work in and other business services like staff and space to collaborate with other entrepreneurs, both new and established.
Mike Baur says that his daily schedule is very fluid because each day features a hurricane of different things to deal with. To deal with this he gets up before 5:30 A.M. so that he can get things like email and other computer-related things out of the way off the bat. He’d rather spend the rest of his day working with people face-to-face because blowing off people by sitting behind a computer screen all day won’t accomplish the things that he thinks are important.