Entrepreneur Mike Baur Explains What It Takes To Succeed As A Business Owner

Mike Baur is a businessman in Switzerland. From the age of 16 until he was almost 40 years old he was in the banking industry. He says that the banking industry changed an extraordinary amount over those years, mainly because of the advance of technology. However, it was the global financial crash of 2008 which really altered things and not for the better.

It was at UBS Group AG that Mike Baur began his career in banking. He advanced into higher positions of authority at a lightning pace. After not that many years he was managing the investments of some of the wealthiest people in that country. This all ended, though, when the economy utterly collapsed in 2008. UBS Group had to get bailed out by the government which meant extreme changes took place at this private bank. Because of these changes he left this bank behind and joined another one, Clariden Leu.

In the six years that Mike Baur spent at Clariden Leu he found quite a bit of financial success. He got to work in the Bahnhofstrasse building which is one of the oldest and best buildings in that nation. However, the bank overall wasn’t doing well. Eventually, its parent company, Credit Suisse Group AG, closed the doors of this private bank which at the time was over 250 years old.

It was at this point that Mike Baur decided his passion lied elsewhere rather than in the banking industry. He decided to use his business skills and professional contacts to co-found a company which would help people start new companies in the technology industry. His company, Swiss Startup Factory, opened its doors in 2014. It has now helped many individuals through the earliest stages of getting a new company up on its feet.

It is tough to get a new business off the ground, he says, and it takes a lot of hard work and perseverance to succeed. He says people should know going in that there will be long dry spells that you will need to motivate yourself through. Mike Baur says that it is these times that separate those who really want to own their own business and those who don’t. Getting through these spells will make you stronger, he says as both an entrepreneur as well as a person which is enough motivation in and of itself to make your way through these inevitable times.

 

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