Mike Baur on why he left the banking sector

Mike Baur is one entrepreneur who is bringing real change not just to his businesses but those of hundreds of new entrepreneurs in Switzerland and the globe. Mike Baur has committed his efforts to supporting new entrepreneurs develop their business ideas into workable business plans. Through Swiss Startup Factory, a firm he co-founded with two others, Mike Baur is able to coach and mentor entrepreneurs through accelerator programs initiated by his firm.

 

Mike Baur has vast experience on financial matters having worked for more than two decades in the banking sector with UBS and Clariden Leu. For this period he was able to hold some very senior positions in the banks. Also, he got a chance to offer financial counsel to the wealthiest individuals in Switzerland at that time. The growth of Mike Baur was a classic case of hard work pays. He started his career as an intern at UBS but was able to impress the bank with his work and was guaranteed an opportunity to work for the company for as long as he wanted. Mike helped many businesses make sound business management decisions while he was a banker.

 

Although Mike loved working for the banks, it got to a point where he had to make a significant step forward in an attempt to satisfy his entrepreneurial thirst. Another reason that made Mike Baur leave the banking sector was what he describes as the “big cat syndrome.” This is a scenario where the experienced managers and advisers are reluctant to adopt new changes that are happening in the banking industry and want to stick with the traditional banking practices which are no longer favorable for growth. He also says that many experienced managers are not proactive and have problems responding to financial crises that hit the industry at times. According to him, these managers rarely accept this fact and always want to remain at the top of the game and control everything according to their wishes even when it is clear their methods no longer work in the best interests of the bank.

 

Mike Baur decided to leave the banking sector in 2014 so that he could start his own business. He started Swiss Startup Factory, a firm that would help digital startups develop. Due to his huge experience in the banking sector, Mike is knowledgeable of issues that make many businesses fail. Through a three-month coaching, mentorship and business execution program, Mike Baur has supported hundreds of businesses so far.

 

Mike Baur Support to Startup Companies

Mike Baur is an entrepreneur who is renowned for his creative art work that entails steel public sculptures and concrete sculptures. Through exploiting of available resources, he has been a prolific entrepreneur in smaller scale works. He graduated from the University of Arkansas in 1973 and later joined the University of Illinois. His interest in sculpture work started while in University where won an international competition. He built a two hundred tonne sculpture in Barcelona that granted him this win.

 

Mike Baur spent at least twenty years working in Swiss Private Banking. He commenced his entrepreneurial journey in 2014 at the age of 39. He established two Swiss Startup companies at this age marking his commencement of entrepreneurial journey.Mike plays the role of supporting various Swiss Startups by giving financial help and mentorship. Through funding, start-ups can easily access starting capital necessary for establishing businesses. Moreover, the mentorship program led by Mike enables young entrepreneurs to be equipped with knowledge and skills required for successful establishment of start-ups. As such, it is evident that Mike plays a significant role in the shaping of many start-up companies.

 

Mike holds an MBA from Rochester University and University of Berne. His education background has equipped Mike with the necessary skills and knowledge of giving the support he gives to several Startup companies. Through this type of effort and input from Mike, the establishment of start-up companies is expected to be an easier prospect in future. Moreover, through emulation of Mike’s reputation, other successful entrepreneurs can give back to the society through helping startup companies.

 

Mike Baur commenced his career in banking at the age of only sixteen years. In 1991, he managed to become an apprentice in the Union Bank of Switzerland. Few people realize their career at such a young age. This distinguishes Mike from other leaders hence depicting that he had set priority in venturing in the banking industry. Before retirement of Baur, he was expected to achieve several promotions based on his efforts and experience in the banking sector.

 

Contrary to the expectations of many people, Baur’s life did not follow the long term plan expected. Rather than achieving all the promotions projected, he ventured to work with other companies and even establishing his firm. Based on a recent interview with Mike Baur, it was reported that Swiss Startup Factory differs from other alike companies since it is independent. As such, the company led by Baur functions independently without alterations from other businesses or political organizations. Therefore, SSUF can make its decisions independently without conflicts of interest.

 

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Read more on Crunchbase.com

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