Mike Baur is a businessman and entrepreneur from Switzerland. He has managed to create his own business that is known as Swiss startup factory. He has over 20 years of experience in the banking industry and cofounded his own startup company in 2014. Here since gone on to help give advice to entrepreneurs on the best practices that they must engage in whenever they are starting their own startup companies.
When asked how he comes up with his own ideas Mike Baur has stated that spontaneous ideas are the best way for an individual to be creative. Spontaneity is much simpler and typically results in a better idea then a forced search for something. He stated that there are many individuals who have a good idea but there are far fewer individuals who are willing to take the measures that are necessary in order to implement these ideas. In order to be successful in the startup world, you must never be afraid to fail. You must be able to ignore people that say things that are going against you and be willing to work incredibly hard.
Sharing ideas is also important. If you share an idea, it has the effect of serving as an inspiration for other individuals. Not only can it help to serve as an inspiration for others but it is a easy way to get important feedback to see how others view your project. By getting these viewpoints, it is possible to see your work for another perspective. By using this other perspective, it is much easier to accomplish more on your project than it is if you were to work on it alone. The power of networking thoughts is far more than you realize.
If you start your own business and it fails you must take a step back and look at your business and analyze what caused it to fail in the first place. This is a process that is called learning, and everyone must go through it. After doing this several times, you’ll get to a point where you no longer fail, but instead, you will succeed. In order to motivate yourself to succeed you must learn how to overcome periods of drought. If you are able to overcome these long dry spells not only will you become a better person but you will become a better entrepreneur, and that should be motivation enough to push you forward.