A Comprehensive Review Of The Achievements Of Mike Baur In Supporting Startups
Mike Baur, the founder of the Swiss Startup Factory, is an entrepreneur with a background in Banking and Finance. He derives passion in supporting startups and upcoming entrepreneurs and the same motivation is what pushed him to launch the Swiss Startup Factory. He invests both his time and money to ensure the company runs smoothly and offers useful services that can help upcoming entrepreneurs stand on their own in the competitive market.
Through the Swiss Startup Factory, Mike Baur runs an incubation program that spans three months after which the entrepreneurs are ushered into the real world of business. Once the three months are over, the startups are issued with financing and post acceleration support for five months to ensure the ideas they learn from the program are incorporated well in the management of their business.
Legal support and education
It is not possible to run a business oblivious of the legal framework that controls the business world. Legal education as affects business is necessary and this is one of the areas the Swiss Startup Factory explores to help their entrepreneurs understand more about the industry. This role is handled by the Wenger & Vieli, a law firm that offers legal advice and information about the legal world to aspiring entrepreneurs.
The mentoring session lasts 20 minutes and is run by a Wenger & Vieli lawyer. Some of the basics they are taught include who can start a company and the effects of contravening some legal procedures. It also allows the entrepreneurs to understand the legal action they can take whenever something is done contrary to the values of their business.
Goal definition and staffing
Most importantly, the Swiss Startup Factory helps young entrepreneurs to define their goals and organize staffing. Most young businesses fail because they lack specific goals they are meant to achieve or do not have proper staffing to help them succeed like their competitors. Imparting these skills will help them be more organized and eliminate the challenges that come with a poor arrangement of their business.
About Mike Baur
Mike Baur has always been passionate about Finance and Banking and this motivated him to choose the course in the university. He attended the Bern University for an Executive MBA having graduated from the Rochester University with an MBA. Mike Baur exited banking in 2014 and launched the Swiss Startup Factory, which is offering support to upcoming entrepreneurs.