Tips from Mike Baur on Starting a Company

Many people today are tired of working in jobs that they are not passionate about. One of the best ways to take your life to a new level is by starting a business. The problem is that few people understand the steps needed to go from an idea to a business that is making money.

 

Mike Baur is the founder of the Swiss Start Up Factory. This is a program that people can go through in order to learn the basics of starting a company. Many people struggle through this program because it is so difficult to complete. Mike Baur is the type of person who people want to learn from. Not only does he have a lot of experience in the field, but he is a great teacher as well.

 

 

Experience in Business

 

Mike Baur has started a variety of companies during his career. There are some companies that have succeeded, and there are others that have gone out of business.

 

Mike Baur uses his experience to design his program to help students in the best ways possible. There are many people who do not have a basic knowledge of business and financing strategies. With all of the changes that are taking place in the market today, he is the perfect person to learn from.

 

One of the best traits about Mike Baur is that he is not afraid to admit his past mistakes. There are many times in his career when he has made the wrong decision. He simply uses these choices as examples of what not to do.

 

 

Financing

 

One of the biggest challenges in starting a business is financing. There are few people who have thousands of dollars sitting around to start a company with.

 

Mike Baur does not recommend that people go deeply into debt to start a company. Although some debt is fine, too much debt will hurt the future finances of the business. It is always best to start a business as lean as possible. Over time, the business owner can adjust the company based on market conditions. This is not as easy when the business is highly leveraged.

 

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