Do you know that few people have the confidence to quit their long served career to start a new venture? I will introduce you to one courageous entrepreneur by the name Mike Baur who managed to transition after working for 20 years. He is one of the Swiss entrepreneurs and the co-founder of the Swiss start-up factory. Mike is an alumnus of Rochester University where he earned an MBA and an executive MBA from Berne University. He started working in the Swiss private banking where he served for 20 years. Mike was a success in the banking sector as he managed to rise from being a commerce apprentice to a member of the executive board. Mike then quit his career to venture into in investments. In 2016, the Wall Street Journal published the story of Mike in his journey of transitioning into entrepreneurship.
Mike in cooperation with Max Meister and Oliver Walzer started Swiss start-up Factory in 2014. The firm is privately financed and independent business. Swiss factory has set a record as the first company in Switzerland to support its functions at the early stage. Mike believes that the youth should come out and become productive through using their hands rather than fighting for the white color jobs. The factory aims at transforming the products in the market by bringing changes in the business models to ensure customer satisfaction. The Swiss start-up company has a three-month program which provides an excellent platform for services like coaching, mentoring, office space training, financial advice, and entrepreneurial networks.
Mike has spearheaded all the functions of the firm with other companies in their cooperation. Mike was elected the deputy managing director during the business partnership with the CTI in 2016. The Swiss start-up factory worked together with Gold Back Group in 2016 and Mike was actively involved in all the activities. He also took part in the accelerator program of the company. Mike also participates in the business between the firm and Fintech Fusion Company. Due to the company being independent it does well in all its activities as there are no limitations on political powers.
Mike Baur is a mentor to the young investors venturing into start-ups and also supports them financially. According to Mike, one should execute their potential, be committed, and work hard to realize their dreams. Mike advise the new business investor to ensure professionalism and teamwork for the success of the firm. His experience in the banking sector has also taught him that one can raise from any level to a flourishing business.