Coming up with a revolutionary idea or concept is quite easy for most entrepreneurs. The biggest challenge, however, is transforming that noble million-dollar idea into a viable business model. It’s no secret that a significant majority of promising startups never get off the ground.
That rationale is exactly what inspired a veteran Swiss banker, Mike Baur to drop his illustrious career and venture into the lucrative world of start-ups. Here’s his amazing story and what he’s been able to achieve thus far in this industry
Overcoming the Common Pitfalls
Mike’s career exposed him to the countless pitfalls facing aspiring inventors. The most pronounced hurdle happens to be raising the necessary capital to fund the affairs of these start-ups. Additionally, Baur realized how these young entrepreneurs were completely lacking in the skills and ability to run a successful and a profitable start-up.
Mike Baur took it upon himself to make a positive difference in the lives of the countless Swiss-based innovators. To do so, Mike resorted to setting up an accelerator platform in 2014 called the Swiss Start-Up Factory. The prime objectives of this Geneva-based institution were to coach and mentor the upcoming investors on the right ways of going about their endeavors.
360 Degrees Program by Mike Baur
Mike designed a robust 3-month program to speed up the growth of selected start-ups. The trademark accelerator course developed by the veteran banker gets broken down into the following three main parts:-
At this stage, entrepreneurs get familiarized with how to make professional pitches, researching and marketing, coaching, accounting and IT logistical support, and product development.
At this point, the students learn the legalities associated with their start-ups. Most importantly, they learn how to avoid running into copyright and infringement concerns. The factory provides legal and taxation advice and consult to the prospective investors.
In the final stage of the course by Mike Baur, the visionary investors learn how to get access to finances and how to craft a waterproof business plan. Additionally, the pupils learn how to properly manage and lead their staff and business to prosperity.
About Mike Baur
Mike serves as a managing partner of the Swiss Start-Up Factory. Baur co-founded this start-up accelerator enterprise in 2014 to solve the gaping problems facing countless prospective start-up investors, not only in Switzerland but globally as well. The other founding partners are Oliver Walzer and Max Meister. Previously, Baur was one of Switzerland’s most accomplished bankers and entrepreneurs having served for more than two decades in the prestigious Swiss finance sector.