Mike Baur has continued to thrive extensively in the world of entrepreneurship and assisting many young businessmen and women to excel in their business. Mike Baur, an expert in the banking sector, had the determination to assist young potential entrepreneurs in starting successful businesses. In his passion, he aimed to nurture and assist young businesses to gain a foundation and thus thrive in the competitive market on a fairground with the other potential competitors.
Having vast experience in the financial world as he worked in the banking sector, Mike Baur understood all the shortcoming that new businesses underwent in raising the required resources to excel in the business world. On this note, he started a factory that would nurture new businesses by providing a conducive environment for the success of new businesses. His passion for assisting new businesses cannot be underestimated as his Swiss Start-up Factory business did enhance success to the clients’ businesses.
One of his expertise as a business graduate from Bern University was in the resource accumulation and allocation. Mike Baur has continued to elaborate to his clients the need to understand all the resources required by a business. Mike Baur notes that many young businesses have not thrived in the global market because the pioneered underestimated the required resources or did not accumulate the required resources in time. He notes that lack of resources at the business start-up has made many businesses to fail as the entrepreneur’s struggle in the later parts of the business growth. On this note, he advises the business pioneers to classify all the resources required and have them in place before starting the business.
Mike Baur classifies the business resources into four parts. One is the financial resources. This will entail the capital required to start a business and also facilitate the continued progress of the business including but not limited to the working capital. He notes that business pioneers should have a near accurate budget for their business for the coming near future. The next resource he classifies is the machinery. It entails any production asset that the business requires. He emphasizes that machinery may entail packaging and office stationeries that the business will require. The next resource is the team of professional. Mike Baur notes that successful businesses will have a great team of experts that provide labor to the business. The last part of the business resource to consider is the premise and space required by the business.