Incubating Young Entrepreneurs

Entrepreneurship is the only way to accumulate wealth. Lack of direction and mentorship makes people to shy away from entrepreneurship. The hassle that is involved is not for the weak. Building a brand in an industry takes time, dedication, and resources. Economic resources are scarce because no product is tailored to the risks involved in entrepreneurship. Few people have the patience that it takes to build a product in the long run. Unemployment is a major crisis in many countries today. There are no educational institutions that offer training in entrepreneurship despite the fact that people are encouraged to venture into entrepreneurship. Mike Baur is a Swiss businessman. He has created an incubator for young entrepreneurs to be prepared for their journey.

 

Mike Baur is an experienced banker. This enables him to have access to quality economic resources for the young entrepreneurs. The incubation is in the form of an accelerator program. The program tests the viability of the product in the industry. It also equips the young entrepreneurs with skills. Young entrepreneurs are also given an opportunity to network with successful business people and learn from them. The young entrepreneur has a one on one mentoring time with the successful business people during the program. Mike Baur is mostly interested in the ICT industry. This is because of the potential of the industry and the needs that arise in the society today. This interest enables him to offer better mentorship for the ICT related products. This means that the people with ICT related products have higher chances than other start-ups. Everyone is exposed to the same opportunities during the program. They are given the same resources.

 

Mike Baur uses this incubator to expose the young entrepreneurs to a world of developers. He creates a network between the young entrepreneurs in Swiss and other nations. This gives them skills and exposes them to the potential market. They learn how to overcome different challenges from each other. This influences their capacity positively. The start-ups grow fast in a manner that is inclusive. People lack information and skills at times. Mike Baur has created a bridge to overcome this challenge. This should encourage other successful business people to team up and create incubators for young start-ups. This enables them to have an opportunity to invest in innovative products as investors. It also enables young entrepreneurs to have partners in their entrepreneurial journey.

Marc Sparks And The Starting A Business Process

 When it comes to starting a business, it is important for people to be able to follow some steps in order to insure the success of a business. One of the most important aspects of business success begins with a business model. Also, one needs some very important resources.

While a lot of people try to start a business, there are very few that actually succeed and become something. Among these people that have succeeded in their business is Marc Sparks. He has started a series of businesses and has figured out what it really takes in order to succeed in starting a business.

One thing that Marc Sparks says is important to the success of the business is a work environment. A business owner has to work in an environment that is collaborative, conducive and productive. Therefore, he has to make sure that he is surrounded by individuals that are oriented towards business goals and success.

He also has to be surrounded by individuals that would be available to help him succeed at what he is doing. This means being away from all distractions and other factors that could take him away from what he is doing.

According to Timber Creek Capital, One of the things that Marc Sparks advises is to not cut corners when it comes to the environment.

Another thing he talked about is working in a retail space surrounded by successful or goal oriented people. His point is that the latter is more productive than the former in many cases. One thing that people can’t allow is distractions from the goal. This is one of the reasons that he recommends people find a space that is business oriented.