In an interview, businessman and entrepreneur, Mike Baur, founder of Swiss Startup Factory, gave some of his expert advice on starting a business and how to be successful. In it, he says that good ideas are not something that are just found or told to you by someone else. Instead, they just come to you. That you will know a good idea when it occurs, all you have to do is take it and run with it. When you do have a good idea, it is important to get it out to people. With social media and different communication avenues available today, reaching people is very easy. It is not like it was twenty, thirty years ago, it really is very easy. You should also talk to people around you in your circle about your idea. The more you share it, the more feedback you can get about it. You should bounce your idea off as many people as you can, that way you can get that many different views on how to enhance it, make it better, and appeal to more people. When you do fail, and it is bound to happen, you just have to get back up and learn from what did not work. You have to persevere. So how can one persevere? According to Mike Baur, he can not give an answer to that, because it is different for everyone. You have to stay motivated. There will be long dry spells, but those are the times when the true successful entrepreneurs will weed themselves out from the wanna- be’s. This is when you show your true colors and if you really want it, then you will make it happen, and it will show. Just knowing that is enough to motivate him to keep pushing.
Mike Baur is a businessman and entrepreneur from Sweden. He had worked in the banking industry for 20 years before leaving and starting his own company, Swiss Startup Factory. He co- founded the company with Max Meister and Oliver Walzer back in 2014. He is now the managing partner of Swiss Startup Factory. He has led the company through a few different partnerships with other companies right through 2016. He was even featured in the Wall Street Journal in December 2016 for his success in Swiss banking through startup investments.