When Mike Baur decided that it was time leave the banking business he did not walk away from this with a blank slate. He had a new vision for his life and he wanted to do something that would be different from the life that he held in the banking industry. What Mike Baur would decide to do is create a team of mentors and coaches that could help anyone that was trying to get themselves geared for an entrepreneurial endeavor. Mike has been able to venture into fundraising and helping those that are interested in getting a mentorship program started with the Swiss startup Factory.
He really has done a lot to help entrepreneurs because his company offers consultants that can help in so many different areas. Many people that have business ideas may only think about the beginning of how a business will function. They may consider an e-commerce site or a brick-and-mortar store, but they may have no idea about how they are planning to further develop products or services.
Fortunately, Mike has someone in place to help when it comes to establishing a routine for product development. Any customer that initially comes to a company may like something that is new, but it can be a very tedious process to actually get someone to consider continuing to patronize products if there is no innovation. Consumers that try clothes are going to look for the latest trends and go with the next best thing. People that buy technology are going to soon get tired of what is available and reach for the next best thing. What Mike and his Swiss Startup Factory is doing if helping entrepreneurs see that product development plays a very important part in building relationships with consumers. There has to be some level of innovation that comes forth in order to keep customers satisfied. This is something that Mike knows, and he believes that there are lots of elements that are going to play a part in how consumers are choosing to spend their money. He is willing to teach entrepreneurs how to tackle these elements.
Mike has used a background in banking to accelerate himself in the world of venture capitalism. He knows about what it takes to get funding, and he is spreading the word about this to other entrepreneurs that may need venture capitalists to help them start their businesses.