Starting at a young age Mike Baur made a name for himself as a Swiss Private banker. Here he learned that if you have a passion and are willing to work hard you will be successful. He worked his way up from apprentice to Executive Board Member at a large prestigious Swiss private Bank. At the age of 39 He was ready for new challenges and with his two partners and his entrepreneurial spirit founded the Swiss Start up Factory (SSUF) in 2014. The core of the business is a three month program providing early stage startups financing, services, coaching, mentoring, office space and access to a large entrepreneurial and investor networks. Entrepreneurs have the opportunity to have all the features and comforts of working for a large corporation such as greeting area, desk space, meeting/conference rooms, even a fitness center.
The success Mike Baur has seen has motivated him to promote the welfare of others. He invests a great deal of time in the Swiss youth entrepreneurship and supports many startups through mentorship as well as financial needs. Although his company provides assistance to start ups to achieve goals he believes that if you want success you have to work hard. Someone that had a large influence on him was Jean-Claude Biver the CEO of Tag Heuer. He has demonstrated passion and dedication to hard work for many years. He is an example of after enormous success how you can give back to excite, encourage, and develop future talent.
Why is Swiss Startup Factory different? As Mike has said they “have skin in the game” They are putting in their money and if you are successful, they are successful. They are also an independent company so much of the red tape and politics that interfere with progress and momentum don’t exist in this environment. Mike has suggested that with a few small changes in thinking and behavior Switzerland could be very successful in new and developing young companies.
What has Mike learned during his life and successful career? That his first job of selling ice cream at the age of 14 wasn’t easy. It taught him to approach people with a positive attitude and that it’s hard to sell a product. Looking back he also thinks he should have made the move to entrepreneur back in his twenties. Food for thought for all these young want to be Entrepreneurs.