Why Mike Baur left his traditional career in banking.

In 2015 Mike Baur, Max Meister and Oliver Walzer founded the Swiss Startup Factory. This company took off running and is now the #1 finance accelerator in Switzerland. In an interview Mike Baur did with the Red Bulletin he talks about how to become a good entrepreneur and give some very helpful advice.

 

Mike Baur says that even tho every startup project is based off a good idea, the spontaneous ideas are the ones that are the best. The ones that just come to you, not the ideas that you researched and clawed at until you think you might have something.

 

Once you have your idea you can’t be afraid to put it into the world. Most people are not aware how simple it is to reach others in today’s world. A free website and a test group of 50 people is all you need to get started. And don’t be afraid to talk about your idea.

 

Some people try to keep it quiet for fear of someone stealing their idea, but it does no one any good unless you talk about it and put your idea out there. It is also good to listen to the comments and concerns of these people. They may be able to help you better your idea or see it from a new perspective.

 

Before becoming co-founder of the Swiss Startup Factory, Mike Baur worked in the financial industry giving advice to some of the richest of Switzerland. But the financial crisis changed things and Mr. Baur decided to get creative with his career and is now responsible for the investment performance and growth of the Swiss Startup Factory.

 

Over the years the banking industry has changed a lot due to the legal scandals, strict regulations that must be followed and the incredibly low-interest rates. This change has not been necessary for the good. Since 2005 has dropped below real estate and construction in employment. According to government data, the GDP of the banking sector has fallen below 5% from the 7.6% they used to beat.

 

So in 2008 Mike Baur left his traditional banking career to begin a new exciting career in startups.