Success in the business relies upon the leadership of the business. Mike Baur has continued to nurture young entrepreneurs in becoming the global successful business owners. As a head of an incubator that aims at ensuring the success of young businesses, Mike Baur has all the experience in solving the young businesses that start in the competitive global market.
Mike Baur has great knowledge in ensuring that businesses do excel in the market as he holds a degree in Business from Bern University. He also has great experience in the financial world as he once worked in the banking sector successfully. On that note, his passion for assisting clients who continue to seek financial support for their business start-up became vibrant and pushed him to start a business incubator that is known as the Swiss Start-up Factory. In his notion, he noted his business as a factory where the clients were to work hard to achieve their success. Through gradual nurturing, Mike Baur believe that any viable business can succeed and become a global business given the required resources and expertise to the business. He notes that hard work is critical for any business to thrive.
Mike Baur advises the young entrepreneurs to conduct comprehensive research of their business ideas before implementing the ideas into a real business. Research provides the advantages and the shortcoming of the business. The investigative study of a business idea notes whether previous businesses of the same nature succeeded or not. One is able to understand the dynamics of the business world before risking any capital or resources towards the business. It is through research that the entrepreneur will understand the legal constraints that may affect the viability or the success of the business. On this point, one should research any prospective political or legal actions by the government that may lead to the losses in the business.
The next issue that Mike Baur outlines before one can start a business is understanding the market dynamics of the business. One should decide if there are new innovations that would render the business as obsolete in the near future. In the case of technology businesses, innovation is constant, and thus if one intends to invest in the industry, the customer’s preferences should be studied comprehensively in the market. The trend of the market is critical to understand the prospects of the new business.
The disruption of the status quo in the business and entrepreneurial world presents loads of benefits to the current millennials. According to Sawyer Howitt, it opens the young minds up to the numerous million dollar opportunities that they can tap into. Such awareness also makes starting and running a successful business much easier than it was less than two decades ago.
Sawyer Howitt argues that the new technological advancements help young minds expand their brainstorming networks that in turn expose them to new business ideas. For instance, he mentions that young entrepreneurs now appreciate that some must-haves on the traditional startup list aren’t entirely necessary for the modern day entrepreneur.
For instance, they have come to understand that they don’t need a big office as one can start their businesses in a shared workspace or even at home. The fact that it is also possible to hire inexpensive virtual assistants over the internet for different roles in your start up further brings down the initial investment capital needed. Minimal start-up capital means reduced risk for investors thereby encouraging them to invest more start-ups.
Millennials going for self-employment
To prove the efficiency this new entrepreneurial system, Sawyer points to statistics from the U.S Chamber of Commerce in 2011 showing that individuals born between 1980 and 2000 open close to 160,000 enterprises every month. This implies that more than 27% of millennials are currently self-employed. Sawyer is also optimistic that these numbers will rise as more young minds gain confidence from watching and following in the entrepreneurial footsteps of their successful age mates.
About Sawyer Howitt
Sawyer Howitt is a perfect example of the rising stars that have a deeper understanding of the marketing dynamics. He specializes in decluttering the operational and financial needs necessary for running a successful business. Sawyer stands as a beacon of hope to most millennials, proving to most that business ideas and entrepreneurial skills don’t come with age.
Hussain Sajwani has turned to be a mogul in the real estate industry. The opportunist businessman founded the DAMAC properties in 2002 after the Dubai government gave out a decree allowing non-emirates to own property in the middle east. Hussain Sajwani thus took up this chance to build houses and sell them to the immigrants. The Washington University graduate has seen DAMAC properties grow to a large company with over 2000 employees and a revenue of $4.2 billion.
The Damac owner has partnered with Donald Trump way from 2013 before he became the USA president. They have collaborated with Trump to build the Trump International Golf Course which was opened early this year. The construction of Trump World Golf Course is also underway and is slated to be opened in 2018. Hussain Sajwani family has maintained close links with the Trump’s family earning them an invitation to the new year’s celebration in the United states. Donald Trump took time to recognize the family as amazing and very beautiful people.
Hussain Sajwani came from a business minded family which had nurtured him since childhood. This gave him the desire to start his own business after a short spell with the GASCO as a contract manager. Hussain Sajwani set up his first business venture in 1982, a business that is still in existent to date due to the investors desire to keep his first business. The food and catering business was important in ushering the real estate mogul confidence to further in many other businesses. The food service firm attracted construction giant Bechtel and the U.S. military.
DAMAC properties has achieved to sell thousands of real estate units to many individuals all over the world. The real estate firm is dedicated in to creating comfort in villas where it has partnered with leading firms such as Versace to create the interior designs of restaurants and homes. With Hussain Sajwani been named among the top 100 most influential Arabs in the middle east, this investor really deserves the honor. His exemplary leadership coupled with ability to convert and idea in to reality has seen him excel in many fields he has tried his hand in.