Information in the public domain reveals that at least 80 percent of businesses fail within the first three years of their establishment. It is also well-known that more than 90 percent of the businesses collapse within ten years. This, therefore, means that for your business to succeed, you need to put extra effort, organize your resources and have a working strategy.
Mike Baur, a successful Swiss entrepreneur, has shown great examples of how you can turn a business idea into an income generating venture. The gifted and enthusiastic entrepreneur has spent close to two decades making ends meet in the banking industry.
Mike Baur was born in Schaffhausen and spent much of his childhood years in Zurich. According to Mike, he was born to be an entrepreneur. He went to the University of Rochester where he graduated with an MBA. He also earned an executive MBA from the University of Berne.
Mike’s Banking Career
Mike Baur is a renowned banker. He launched his career in the banking industry at an early age. He is honored for advising some of the wealthiest individuals in Switzerland on how to take advantage of the investment opportunities in Switzerland.
Mike Baur was arguably the most popular adviser in the banking industry at his time. He was younger than most of the typical advisers and he was well-versed with the emerging investment trends. Through his hard work, Mike Baur managed to climb the management ladder to become an executive board member at UBS.
Mike’s exit from the banking industry
One of the things that Mike admits is that he loved working in the banking industry. He notes that he left this industry to satisfy the burning entrepreneurial desire that was inside him. He continues to say that he left the lucrative banking industry to help upcoming entrepreneurs create their success stories.
Mike Baur’s success as an entrepreneur
Mike Baur admits that it was a tough decision to quit the banking career. He also notes that he has no regrets whatsoever. He decided to risk by partnering with his two former schoolmates to launch Swiss Startup Factory.
A long career in the banking industry exposed Mike to the challenges that upcoming entrepreneurs face on a daily basis. His firm, the Swiss Startup Factory assists upcoming entrepreneurs to incubate their ideas and transform them into money generating ventures.
Besides helping entrepreneurs at the Swiss Startup Factory, Mike also offers mentorship and intensive coaching to upcoming entrepreneurs. He achieves this through conferences and writing inspiring articles on his blog.