Many young entrepreneurs suffer a similar problem, which is lack of mentorship and the funding needed to steer their ideas forward. This issue has been around for many years and despite there being venture capitals, most of them don’t offer the solutions that are tailored to helping the young entrepreneurs to achieve their goals. This is the reason individuals like Mike Baur came up with a facility that is offering young entrepreneurs the best environment to implement their ideas and emerge leaders in their industry.
Through the Swiss Startup Factory, Mike Baur is working to see that young entrepreneurs receive professional mentorship and financial support to push their ideas forward. Founded in 2014, the Swiss Startup Factory is an incubation facility that allows Swiss entrepreneurs to go through a three months incubation program, which equips them to face the market and to run their ideas to fruition. It has partnered with several universities across the country to offer better services and to allow entrepreneurs to enjoy better support while running their businesses.
Staffing and goal definition
Staffing is a vital part of running a business that should never be overlooked. Every entrepreneur should make sure they have the right staffing mechanisms to help the business to run seamlessly. This is one of the things the Swiss Startup Factory offers to allow entrepreneurs to manage their ideas better. They take the entrepreneurs through learning sessions that enable them to get the needed skills to manage staffing needs and to lead the business to attaining profitability. Additionally, the company also allows the entrepreneurs to define their goals and plans for the business, which makes it easy to transition into the future.
Analyzing customer needs
The customer is an important part of the business that cannot be assumed. While many entrepreneurs have good ideas, understanding how to present them before customers has always been a challenge among few individuals. The Swiss Startup Factory allows young entrepreneurs to understand the basics of presenting their ideas before the market and offering customers what they need.
Mike Baur is an entrepreneur and the individual behind the establishment of the Swiss Startup Factory, which is supporting IT startups across Switzerland. He joined the industry in 2014 after resigning from banking, where he had worked for nearly 20 years. Mike Baur is an MBA graduate of the Rochester University. He also pursued an Executive MBA at the University of Bern.