An interesting interview aired recently on “The Founder Stories” in which successful entrepreneur Mike Baur was interviewed. Mike Baur is the co-founder of “The Swiss Startup Factory” (SSUF). Here is what he had to say about his company, his beliefs about Swiss business, and entrepreneurship.
“The Swiss Start-up Factory” has the word “factory” in it, says Baur, because this word connotates a work ethic that the company believes in. The SSUF mission is to systematize the process of helping companies grow. They are “manufacturing” this growth, and so are a factory of sorts, if not the traditional factory that we think of when we hear the word. Baur stated that he thinks “young people have to work harder“. He went on to say that some young entrepreneurs are on the wrong track. He wants to help them roll up their sleeves and work hard, and the “factory” word gives the feeling of a solid day of hard work.
This company is called an incubator, which is very different form a traditional private bank. As a company they are invested in the success of their clients. Baur states that they are independent without political ties. He feels that makes them stand out among other banking institutions. He thinks that Switzerland offers a neutral landscape and is excited to use that neutrality to help companies. He is excited to help young Swiss company owners take their dreams, ideas, an innovations into action.
In the interview, Mike Baur stated that he thinks that Switzerland business men and women can unite in order to help young companies thrive. He indicated that he sees a lot of disparity and competition within the country, but feels that he economy will be stronger if Swiss business work together. He said, “There is money which could be invested in early stage young companies” in Switzerland, and he wants to help to funnel that money into the right directions.
Mike Baur left private banking because he felt an urge towards entrepreneurial endeavors. He learned a lot during his 20 years in the private banking sector. He watched successful entrepreneurs combine passion and hard work in order to find great success. He was excited by the prospect of working towards his passion. He loves the work that he has found in the Start up Factory, because he is completely in love with the companies mission.
Another interesting comment that Mike Baur made was that the entrepreneurial mindset can not be taught in a classroom. He stated that he knows the information regarding entrepreneurial endeavors can be taught, but that is different than the spirit behind the knowledge. “You either have it or you don’t,” he said.
Baur is an entrepreneur that we can learn from, because of his excitement about his work and because of his work ethic. He strongly believes in hard work and discipline. He has an innate ability to work hard, and he wishes to pass that attitude on to the next generation. As a role model, he can teach others through example the ways to work towards dreams, never give up, and work with passion towards a successful future. He believes in service, commitment, and unification.