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.
A conversation about the real estate industry in Dubai cannot be complete without the mention of Hussain Sajwani and his company, DAMAC Properties. He has been able to build a name for himself in the country and beyond. He is also known to cultivate close relationships with important people around the globe, including the president of the United States, Donald Trump. The president who also has interests in real estate holds the entire Hussain Sajwani family in high regard as illustrated in his New Year’s speech.
Hussain Sajwani was privileged to study at the University of Washington where he attained a Bachelor’s degree in Industrial Engineering and Economics. He then secured a position at GASCO as a Contracts Manager. In 1982, he left the position to venture into business leading to the establishment of his first venture in catering. He was able to rise rapidly by securing contracts with top clients that included the United States military and a construction company Bechtel. Being the visionary that he is, the DAMAC owner spotted an opportunity that would give him more revenue than the catering business. He had his eyes in real estate after the fall of the Soviet Union. The visitors and businesspeople frequenting the country gave him a ready market for mid-market hotels that he developed in Deira. Learn more: https://www.linkedin.com/in/hussainsajwani
Hussain Sajwani fully immersed himself in real estate after the government allowed foreigners to become owners of properties. In 2002, he created a company which has grown over the years to the real estate developing titan that it is today, DAMAC Properties in 2002. The company is well-known for the development of Aykon London One tower located in Nine Elms in London. Other remarkable developments include a golf course managed by the Trump Organization which was designed by Tiger Woods. Today, the firm has operations are spread across the globe including in Saudi Arabia, Jordan, Qatar, and Lebanon.
Hussain Sajwani is very passionate about giving back to the communities. He is known to support the Ramadan Initiative by the UAE Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum. The initiative clothes poor kids drawn from across the world.