Mike Baur and Max Meister are two Swiss entrepreneurs who founded a business together called Swiss Startup Factory. They help new companies through their earliest stages while providing their client’s resources, mentoring, and access to their high-level connections. Prior to starting this company Baur had been in the banking industry and Meister was a business consultant.
They recently published an interview Mike Baur conducted on Max Meister about entrepreneurship and what it’s like to run a company. One of the questions was about what were their company’s biggest successes. Meister said that it was helping several entrepreneurs take their ideas from conception to inception during just the first three years they have been in operation themselves. They have also been able to expand outside of Switzerland, bringing in clients from other European nations.
Mike Baur also asked what Max Meister thought of the quality of their clients, going from the first batch they brought in to the latest one. Meister says they have a lot more people applying to be clients the quality of them has been far better. He said they received 2,500 applications for their latest batch, which is their third, and the competition is fierce as they are not accepting as many clients. Instead, they want to provide more personal focus to each of their clients rather than having a larger quantity of them.
Mike Baur wanted to know where Max Meister saw Swiss Startup Factory in five years. Meister answered that he could see their company becoming a staple of the Swiss marketplace and also having a global presence. He also envisioned helping clients put out fantastic goods and services which would be the highest quality and groundbreaking in nature.
In a separate interview answering his own questions, Mike Baur said that there are a lot of people in the world who come up with a great idea that could be turned into a new business and then they don’t do anything with it. He says the conditions to start a new company are better than they have ever been, and cheaper as well. He pointed out that an online website is inexpensive to get and maintain. There are plenty of free apps to conduct a new idea on a test group. Mike Baur said communication is cheap today and that gives entrepreneurs great power to make people aware of their products and services.