Mike Baur, the founder of the Swiss Start Up Factory, has long been a trusted source for answering tough questions when it comes to business. Most entrepreneurs want to know if they have what it takes to become a success, or if they have what it takes to become a trusted entrepreneur. Mike Baur offers his expertise both in the area of finance as well as what it mentally takes to become an entrepreneur. He answered questions candidly and based upon his many years of experience in finance and business.
One entrepreneur asked how to come up with a brilliant idea. Mike Baur answered with ease, sharing that the best ideas will come to you at the right time. He also says that those ideas which are spontaneous are often the best, versus those ideas which seem more orchestrated or more thought out. Thinking about a product you could use or benefit from is also a great way for you to consider what opportunities are out there. Baur believes that once you make this discovery, this is when you really birth a great startup.
Another interesting point Baur made was about entrepreneurs who have good ideas, but yet they do nothing to get them moving. This failure to launch is the first real problem anyone has. He notes that you can set up a website quickly, and then after that, it’s a matter of doing a few other key things to get your business moving. Utilizing technology that is free to use is a great advantage these days over how business was conducted in the past. Gather some folks in WhatsApp is a great way of doing things, and it’s easier to set up a test group this way. The main point that Mike Baur drives home is that it’s easier to launch a startup than it was in the past. This is great news for those who have little to no money to get started.
Mike Baur is co-founder of the Swiss Startup Factory in Geneva, Switzerland. The group was started to help budding entrepreneurs take their ideas to the next level with guidance and training from experts in finance, technology, and all other matters regarding fin-tech industries.
Mike Baur, who is known as a businessman and an entrepreneur has led an inspiring and an impressive life. Mike grew up in Freiburg a region in Switzerland, and he attended the Bern University and Rochester University where he earned his business degrees. His banking career started at the age of 16 as stated by the Wall Street Journal, giving a clear impression that he was into finance from when he was young. Mike got to know about his strength in the finance field when he was younger and decided to concentrate on it to make the best out of it. In the year 1991, Baur, became an apprentice in the Union Bank of Switzerland and so far he has worked with various companies.
Mike continued working until when he made a decision to quit his career for the purpose of helping young tech startups. Mike had this goal in mind, and he knew that at some point in his life he ought to accomplish it. He co-founded a company known as the Swiss Startup Factory in the year 2014 partnering with Max Meister, who was his fellow graduate from the Bern University. Mike helps tech start-ups through his Swiss Startup Factory through offering programs of training and mentoring. It is through these programs that he has managed to help other young people who are investing and creating start-up companies, making it easy and beneficial for them in concentrating on their careers.
His company Swiss Startup Factory not only provides mentoring and training programs, but also offers funding to startups that are promising. Mike looks at people who are serious with their startups and have challenges when it comes to finances. Just as Mike is serious when it comes to business, he is serious in offering help to individuals who are ready and willing but have financial issues. The startup businesses he supports benefit from access to offices that are rent-free in Switzerland where he is located. This fact shows that Mike does not want success for himself but is ready to help other business people achieve their goals too.
Richard Blair is a registered investment advisor who runs his own firm, Wealth Solutions, in Autin, Texas. He helps his clients achieve their financial goals by guiding them with individualized investment plans and wealth preservation strategies. He is a graduate of the University of Houston where he earned his Bachelor’s in Finance and Financial Management Services. He holds a number of financial certifications including CES, RICP, CAS, and CFS.
When advising his clients on their retirement and general investment goals, he uses what he calls a three pillar approach. This first pillar creates a financial roadmap for the client by finding out about their risk tolerance, financial situation, and strengths. Its important to know what a client’s current situation is and what they are trying to achieve in order to truly help them reach their financial goals. For the second pillar, he develops a long-term strategy that has been individualized to the client’s situation based on the results of the first pillar. He also periodically rebalances their portfolio in order to attain maximum performance of it while limiting the downside during market downturns. The third pillar is fulfilling the client’s other financial needs such as life insurance, annuities, and long-term care insurance policies.
Richard Blair has said that he was heavily influenced growing up by both his mother and grandmother who were public school teachers. From them, he developed the desire to educate and help people reach their goals. He enjoys sharing his financial knowledge with his clients and helping them attain a comfortable retirement as well as other financial goals they may have. It was in 1994 that he founded Wealth Solutions and he helps families, individuals, and business owners all around the Austin area.
One of the largest commitments that Richard Blair of Wealth Solutions has given to his clients is to always provide them with objective and unbiased advice that is free of any conflict of interest. It is his career dedication to truly helping his clients that has made him so successful as a financial advisor. He is an expert at rebalancing his client’s portfolios and making them more conservative as the person gets closer to their retirement or other financial goals. In this way he protects them from any sudden market downturn that could delay what they are trying to achieve.
Mike Baur started the Swiss Startup Factory to ensure every startup was given the opportunity to grow properly. He runs the company with help from a fine staff, and he has funding partners who help with each new client. It is quite important a startup comes to Mike for help, and this article explains how Mike serves every customer with a range of services.
#1: How Does Mike Serve New Customers?
Mike serves new customers using information he is given in their first appointment. He wants to know the goals of the business, and he wants them to tell him what they need. He will respond with a list of resources that may serve them well, and he works out funding options for each customer. He has quite a lot of investment partners who are interested in digital technology, and he sets up his startup clients with someone who has money to give.
#2: How Is The Business Built?
The business itself may be a lovely idea, and it will function well when Mike has explained how to set up the governance structure of the company. He will help the business choose members of their board of directors, and he will show them how to bring in people who will serve the business before themselves. Mike does not join the board of directors himself. He is simply the middle man who will help two parties come together.
#3: How Long Will Funding Rounds Last?
The funding for every business must be chosen with help from trained professionals, and each round of funding must have its own purpose. Mike talks over funding with each client, and they determine how long the funding rounds must last to ensure there is no trouble. He knows it is possible to help a business find all the money they need, and they may start new funding rounds while they have the opportunity.
Mike Baur is quite well-versed in starting new companies, and he is helping the businesses he serves with the money they need to survive. They will find funding that brings their ideas to life, and they will continue to grow until Mike has them leaving the startup phase.
Mike Baur is becoming a powerful name in Switzerland but it’s also becoming a household name for startups too. Baur has more than 20 years of experience in the banking industry, and when on Founder Stories, Jean-Pierre Vuilleumier asks him what makes this venture such a success. His vast experience in the financing and fundraising for his new venture is just one of the many ways in which he has created success for he and his partners. However, there is more to finance for this successful accelerator program designed for these startups.
The first question out of the gate was about why Baur left such a successful career in the banking industry. While it was a tough question, Baur was transparent about the fact that private banking wasn’t so exciting for him all of the time. He had the chance to do something different, and creating an incubation challenge for new startups was exciting for him. While he wasn’t sure at first how things would go, he wanted to invest in startups in Switzerland. The bottom line is that he saw a need and he was able to go in and solve the problem.
Secondly, Baur was wise to choose such a fitting name for this venture. The Swiss Startup Factory was appropriate, because the name appeals to the younger crowd and it conveys that young people are going to have to work hard. Baur feels that the younger generation may not always see just how hard it is to be successful, and that’s what he wants these individuals to see without fail.
Baur knows what it takes to invest, and he says that they have their skin in the game. He was conveying that they have their money and their time invested, so they are fully vested in what they are doing with the SSUF. Switzerland is viewed as a country of innovation, and when Baur noticed that they didn’t have any young and successful companies he believed that he could help. His vast knowledge and personal experience are a welcome contribution for the country, and he hopes that it will prove true for the SSUF long-term.
His goal was to invest in the fintech industry, which is a thriving industry right now on a global scale as digital technologies continue to be developed.