Although many startups fail from the inability to compete with the large corporations, those that make it in the market are offering the big corporations a run for their money. Going into the future, the biggest threat to the big corporation will be the startup companies that are taking shape today. Startup businesses have the benefit of trying out their ideas with no big risk. It is therefore highly probable for the startups to come up with revolutionary ideas since their risk is limited. They have the opportunity of thinking outside the box and common up with innovative ideas.
Mike Baur is one of the Swiss who is making a huge change in the country. He has focused his attention on helping new business people acquire the right knowledge and experience needed to successfully run a startup business. Through his company Swiss Startup Factory, Mike Baur recognizes that there is a gap in the society that needs to fill. Many startups entrepreneurs do not have the requisite knowledge to make them successful in their entrepreneurial endeavors. After working in the banking sector for over two decades, he came across numerous entrepreneurs who had very good business ideas but lacked the knowledge to help them realize the full potential of their ideas. What Mike Baur offers is an opportunity for the young entrepreneurs in the digital sector to learn what they could do to make their businesses successful. Those who would like to benefit from his mentorship and straining are required to subscribe to a three months accelerator program that will see them learn all the important aspects of a business.
From the startup accelerator program, participants first of all are mentored and trained by experts who have huge experience in the business sector, including Mike Baur. They are then offered an opportunity to meet and interact with people who have made it in the business sector. These are people who can give them advice on what they should expect in the business environment and how they should cope with the challenges that ensue. Mike Baur then helps people who participate in his incubator program gain access to financing needed to start their businesses. He also trains the participants on how they should develop business links with potential investors who can fund their business expansion plans. Mike Baur ensures that everyone who attends his program is trained on how to successfully market their products to potential customers not only in Switzerland but also to the whole world. He also provides the participants will free rent offices in Zurich, where they can set up their business offices.
Mie Baur is very committed to this cause and hopes that he will manage to help as many people as possible establish businesses that will grow into multinationals. The startup business in the country is expected to get bigger as more entrepreneurs look to invest in their businesses instead of going into formal employment. The government of Switzerland has been very supportive to startups growth by ensuring that the infrastructure needed for businesses to thrive is available.