Getting the right support to push for development is one of the nightmares startups have to deal with often. Every business needs guidance and professional input that allows it to beat the challenges that come along while serving customers. One of the biggest problems startups face is lack of this support and the entrepreneurs behind these ideas are left to deal with complex problems they could avoid if they had a mentor. Among reasons these entrepreneurs have to run the businesses anyway is because getting a mentor is not the easiest thing.
These are some of the problems Mike Baur spotted when the idea of launching the Swiss Startup Factory came up. He is working to see that all talented startups in Switzerland get the support they need to manage their businesses well. Mike Baur previously worked in the banking sector as an executive but in 2014 he made the bold move of resigning to venture into entrepreneurship, which turns out was a good idea. He has established himself as a successful entrepreneur and someone prepared to tackle the massive problems present in the world of business.
Developing a unique product is something that demands time and expertise and many startups are not prepared well to handle the challenge. Product development is one of the biggest problems that the Swiss Startup Factory helps young entrepreneurs to handle. Having a good idea is not enough if the design and execution of the idea is not handled well. The product that is churned from the idea should fit within the demands of the market for it to offer the benefits that can steer the business to success.
Entrepreneurs are taken through sessions that allow them to understand every bit about product development. The three months coaching program offered by the Swiss Startup Factory is designed to allow entrepreneurs to handle the many challenges that come along after starting a business. There are mentors from leading learning institutions as well as successful entrepreneurs, who have the right information to transform an idea into a successful business.
About Mike Baur
Mike Baur is an entrepreneur who joined the world of entrepreneurship in 2014 after resigning from his position as a banker. He in the same year founded the Swiss Startup Factory, which supports talented startups through a three months incubation program. He has been working on supporting the growth of small businesses and his ideas have helped hundreds to secure a favorable spot in the market.