Why do most startups business fail? According to statistics, about 80% of businesses fail with two years of their inception. This means that many startup business owners do not know how to run new business and make them grow. They spend most of their time working IN the business instead of working ON the business. Mike Baur is an example of an entrepreneur who knows what is required for start-ups to enjoy continued growth.
Mike Baur is Swiss entrepreneur. He is a co-founder of the Swiss Startup Factory. He also serves as a managing director of the Startup Factory. Before starting the Swiss Startup Factory he served in the banking sector for over 20 years. Some of the banks he worked for are the UBS and the Clariden Leu. He then opted out of the sector and engaged himself in creating startup companies. It is during this initiative process that together with Oliver Walzer and Max Meister that he started Swiss Startup Factory in 2014. Mike Baur was a participant in the Start Summiteer, which is a contest for start-ups conducted at the University of Gallen. In 2016 when Swiss Startup partnered with another company, CTI, he was appointed as the deputy managing director. Early 2016, when Swiss startup partnered with Goldback group and the Fintech Fusion, Mike Baur was the head of its accelerator program. Later towards the end of 2016 Baur was featured in the Wall Street Journal for his contribution to the Swiss banking sector, entrepreneurial skills and for the startup investments he had created.
Through the Swiss Startup Factory, Baur offers his expertise on business issues by training other startup owners on how to go about it. Baur attributes his success to his passion for entrepreneurship which led him to start the Swiss entrepreneurship Factory.
Mike Baur has also served as the CEO ScanSource. Inc. he steered the company into great success making sales never achieved before of more than $3billion. Under his tenure, the company was able to expand and open offices across major cities in North and South America. He left the company in 2007 serving as the president. However, he served as a board member even after.
Mike Baur who was born in Schaffhausen, grew up in Freiburg and now lives in Zurich Switzerland. He holds an MBA from the University of Rochester and another MBA from the University of Berne. Baur says that he was born a natural entrepreneur and holds its close to his heart.