Mike Baur, a businessman and entrepreneur from Switzerland, has over twenty years’ experience with the banking institutions. Mr. Baur has worked for notable corporations including UBS which he joined as an apprentice and worked his way to an executive board member of a big Swiss Private Bank. Mike began his entrepreneurial career in 2014 when he co-founded the Swiss Startup Factory together with Oliver Walze and Max Meister. Additionally, Mike is the cofounder and Director at Swiss Start-up Association. Mike has an MBA from University of Rochester New York and an Executive MBA from the University of Berne.
Mike Baur has worked as a CEO at ScanSource, Inc. He co-founded ScanSource, Inc. with six other employees in 1992. The company has since expanded with over 43 offices in different locations across North America, Latin America, and Europe. It also brings in sales of approximately $ 3 billion annually and has nearly 2100 employees. Mike Baur has over thirty years’ experience in the Information Technology market and has worked for some senior management and leadership in technology and distribution services before joining ScanSource, Inc.
Other relevant posts of Mike Baur include participating as the jury member in the START Summiteer. This was a startup pitching competition at the University of St. Gallen for entrepreneurs. Additionally, in Jan 2016, he was appointed the assistant managing director of CTI Invest just a while past the partnership between Swiss Startup Factory and the CTI. Mike Baur has steered his company through the accelerator program supervised by the Goldback Group in 2016 and the collaboration with Fintech Fusion as well in the same year. The Wall Street featured Mike’s career from when he worked in the private Swiss Bank to creating his company on the December 2016 issue.
Mike Baur spends most of his time in the Swiss youth entrepreneurship and supports several Swiss Start-ups either financially or by being a mentor. Swiss Start-up Factory searches for thriving digital entrepreneurs and offers them exciting opportunities. Their primary business involves a three-month program that provides new start-ups with financing, mentoring, office space and training services. After the completion of the three months, the start-ups are offered access to entrepreneurial network and investors. The Swiss Start-up Factory is currently the top independent and privately financed company that offers financial platforms for Swiss Start-ups in Switzerland. As the CEO of the Swiss Start-up Factory, mike’s main responsibilities include fundraising and financing rounds.
The business world has changed a great deal over the past few decades. One of the biggest changes has been the use of the Internet as a primary business center. The Internet has helped to transform the business world into a digital world where almost any business activity can be accomplished in the same manner as a physical visit to a business location.
The emergence of e-commerce as a viable method to make purchases online has forever changed the way millions of people shop, pay bills, and approach conducting business with companies. The Internet allows people to go online to determine if they want to do business with a particular company. The Internet provides a ton of information on companies through basic company information, reviews, and other ways to give people enough information regarding companies to make informed decisions on whether to do business with companies.
As the Internet has been integrated into the core operations of many companies, the way that entrepreneurs look at the Internet has changed significantly. The Internet has become a new business model for many entrepreneurs. A new term has been created from the development of the Internet and related technology called the digital entrepreneur. This is a new type of entrepreneur who is interested primarily in starting businesses that operate exclusively or almost exclusively online.
A company that is helping many digital entrepreneurs get started with their business endeavors is the Swiss Startup Factory. One of the partners that helped to start the Swiss Startup Factory is Mike Baur.
A business veteran with over 20 years of experience, Mike Baur brings a perspective to the clients of the Swiss Startup Factory that is very important. Mike Baur provides assistance at the Swiss Startup Factory regarding training, consulting, mentorship, and other learning methods for digital entrepreneurs who want to learn how to start and operate successful digital companies.
Mike Baur has a vast amount of business experience that covers various aspects of the business world. He is able to provide strong leadership and communicates very well with people. Mike Baur offers executive guidance to digital entrepreneurs who are looking for key information to help them succeed in the digital world. The way that business is conducted online is different than in the brick and mortar world. Mike Baur is helping the Swiss Startup Factory to become a household name in the area of digital business development and learning.
The Swiss Startup factory has been instrumental in helping many startups find their wings. Mike Baur, the CEO of The Swiss Startup factory, has many years of experience in the finance arena. His expertise has enabled him to elevate many businesses to attain the global status. In addition, Mike Baur has passion for entrepreneurship. As a result, he helps a broad range of startups to get the training, facilities, and funding they need to grow. One of the best ways to grow a business is to diversify.
Mike Baur advocates for Diversification
Diversification involves selling a vast array of related products to reach as many customers as possible. Instead of offering a few products, start evaluating the items that can add value to your business. Another way to diversify your business is to open as many branches and subsidiaries as possible in various locations. The following ideas will help you to succeed in the quest to diversify your business:
- Once you identify the ideal location to set up the shop, ensure that your administrative and management systems are top notch. You will need all hands on deck once you get the shop up and running.
- Ensure that your business plan takes everything about your new location into account.
- Determine you will obtain the financing you need by preparing a feasible plan and sticking to it.
- Do not allow the budget to dictate your move. Remember to choose the location based on the best strategies for your business, not your budget.
Franchise your business
The best way to expand your business nationally or globally is to franchise it. Once you have created the ideal product that resonates well with the consumers, you cannot market it alone. Franchising allows you to make extra cash without breaking a sweat. If you are running a restaurant, you make the key decisions about the nature of the product, the packaging style, location of the business, and the architectural design of the shops. Remember that every shop will pay you a certain amount of money every month, in addition to the registration fees. Ensure that you hire a franchise attorney to avoid the pitfalls that might crop up along the way. Franchising is the ideal vehicle when it comes to business expansion.