Mike Baur is an entrepreneur who succeeded in getting through challenges that face many young entrepreneurs who venture in a field of fierce competition among existing organizations. The courage to challenge strong rivals is one that not many entrepreneurs can overcome. Mike Baur is one example that startup entrepreneurs should emulate. Mike had felt the desire to be a successful entrepreneur from a young age, and that is something familiar with many others. After going through an apprenticeship at Union Bank of Scotland, Mike gradually elevated himself to a senior position of the Assistant Managing Director of the bank by 2000. He observed many business opportunities in the banking industry from a different perspective having held the top position in finance. He offered advisory services to many wealthy Swiss investors seeking financial guidance from him. Mike Baur also became the youngest banker to be given such a huge responsibility in the history if the banking sector.
Baur’s hard work attracted the Chief Executive of Clariden Leu Bank, and he hired him to head the Zurich branch. His role was to seek solutions to the challenges that were facing the bank at the time. The financial crisis at that time and the fear of some of his associates to meet the challenge frustrated his ambition to revive the bank. He eventually left the banking industry to venture in startup entrepreneurship. Mike Started Swiss Startup Factory which is a business incubator based in Zurich Switzerland. It’s a privately financed sponsored by private parties. Many of search incubators were subsidized by the government, but his company was different. He founded Swiss Startup together with Max Meister and Oliver Walzer as the Managing partners. Since the incubator was in private hands, entrepreneurs would use their freedom of innovation to the maximum without rules or bureaucratic challenges.
Baur overcame the challenges despite the fact that only 30% of the new businesses that joined the incubator was in finance. However, he succeeded in attracting different industries, and today Swiss Startup Factory is one of the top privately financed incubators in Switzerland. To succeed in entrepreneurship can never be straightforward but one is supposed to seize opportunities decisively. If Mike Baur decided to stick at the Clariden Bank and work under Credit Suisse, the chance to start the incubator would have passed by, but he decided to bite the bullet and managed to start a successful company in a few years.