Mike Baur was born in Fribourg, Switzerland in 1975.He has an MBA from the University of Rochester New York and an Executive MBA from the University of Berne. His interest in the Banking and finance sector which began right from when he was a teenager found him working in both the Swiss private and commercial banking industry for close to 20 years. In 2014, at the age of 39, Baur together with his partners started Swiss Startup Factory which provides various financial services to clients. He is also co-founder and director of the Swiss Startup Association.
Networking is crucial for startups who are looking towards surviving in any industry. Swiss Startup Factory creates a platform where all stakeholders: investors, mentors and foreign entrepreneurs share ideas.
Proper information sharing is vital for any organization to achieve its goals which necessitate the use of an integrated computer system. Through Swiss Startup Factory, business people have access to a team of experts who can come up with a customized system.
High rent is another challenge that most upcoming businesses face. Swiss Startup Factory came up with an innovative idea of sharing office space which is a cheaper option. Businesses can also secure financing under the same platform.
Mike Baur’s efficient business model of offering a one-stop shop for financial solutions is a trend that entrepreneurs who are aiming at capturing many small and medium enterprises should emulate. This model saves the client both time and money which are all important factors in production and distribution of goods and services. Mike has contributed to the growth of the once rigid banking and financial sector by ensuring inclusiveness of the minority. The future of his company is bright; many prospects will be coming his way.
It is prudent and worthwhile for the banking and financial sector to embrace this model whose long run effect will be faster growth. With time, clients will only approach those willing to offer their services as a package in the sector. The conveniences and efficiency that comes with consolidation are attractive.