Mike Baur is a prominent Swiss businessman and entrepreneur. He has significant experience in the industry of banking and has worked in that industry for over 20 years. He quits his position in the baking industry in order to start his own company which is known as Swiss startup factory. In 2014 with the help of co-founders Max Meister and Oliver waltzer he wants to the company. Today he has been known to give advice to numerous startup companies and young entrepreneurs that are trying to launch their own entrepreneurial endeavors.
When asked what it takes in order to succeed as a startup he was known to have responded with several tips. At the core of any startup that is successful, there is a significant idea. The way in which an individual comes up with this idea is important. Mike Baur believes that it is not possible to do your best work with a dedicated search for an idea such as this. Instead, it is important to let the idea come to you spontaneously. By letting an idea come to you spontaneously, the idea is usually much more simple, and you are able to implement the idea much quicker as you most likely will have discovered a gap in the market.
However, even though you may come up with an idea, there are many individuals who have great ideas. What is more uncommon is an individual who is willing to take the risks necessary in order to implement the idea. Today there is a much easier access to means of communication than ever in the past. This has given individuals an incredible amount of power and has made the possibility for business startups to be successful much easier than 20 years ago.
In order for a startup business to be successful, there are a few qualities that they must invite. Perhaps the most important is trust. You must trust that your business idea will be successful. You do not need to listen to individuals who are telling you that your business will be a failure. If you trust in your business idea, you will be willing to work incredibly hard in order to make it successful. If you work incredibly hard in order to make it successful than the likelihood that it will be successful is much higher. By using these rules as a foundation for your business endeavors, it is much more likely that you will be successful.