There is a great story behind every success, especially in entrepreneurship. Every successful entrepreneur began somewhere. Regardless of whether they own the largest corporation or biggest manufacturing company on earth, every business person starts from square one.
What sets apart successful entrepreneurs from the unsuccessful ones is the path they take after jumping off square one. Although many entrepreneurs find success along the way, some paths are more direct and easier than others. Most of the entrepreneurs who succeeded in their ventures might have been lucky in one way or the other. Others have to learn it the hard way.
One of the easiest paths to take in entrepreneurship is finding the right mentor. These are individuals who have the experience in the area you are getting in. Most probably, they have encountered many challenges, and they can offer valuable information on how to avoid or minimize these challenges.
However, finding someone to mentor you isn’t easy. That is why a big percentage of startup businesses close down a few days after their establishment. As a result, entrepreneurs lose their money and the morale to get back into the business.
Mike Baur, the co-founder of Swiss Startup Factory understands the challenges that young entrepreneurs face in their quest to actualize their dreams. Mike has immense experience in guiding and offering support to entrepreneurs who are establishing their startup businesses.
Mike started his career in the banking industry where he worked with young entrepreneurs seeking capital to establish business ventures. At this time, Baur created a strong network of brilliant entrepreneurs and connected them with investors who were willing to invest their money into these ventures.
In 2014, Mike quit his job in the banking industry and co-founded the Swiss Startup factory with his two friends and business partners. The Swiss Startup Factory acts as an incubation center for brilliant business ideas. The center provides resources, financing, and office space and connects young people with mentors who guide them through the entire process of creating a successful business venture.
Besides working at the Swiss Startup Factory, Mike spends his time engaging young people through his articles where he offers valuable pieces of advice. Among them include teaching entrepreneurs how to avoid fraudulent entrepreneurs and contractors who copy other people’s ideas and make them their own.
In most of his talks, Mike reminds young entrepreneurs to hire professionals to run their businesses. Mike notes that this is one of the best ways to ensure that your business is on the right side of the law. Besides, a business run by professionals has higher chances of growth than that run by quarks.