Greaves draws capacity crowd at BSBDC event
By Marina MelloInternational publishing executive and entrepreneur Magnus Greaves was a major draw for last night’s annual Bermuda Small Business Networking Event.
Mr Greaves, the founder of 100 Urban Entrepreneurs, Doubledown Media and MYMAG, was the guest speaker at the event.
The Canadian-born former financial trader was named one of Black Enterprise’s top 40 businesspeople under age 40.
BSBDC acting general manager Erica Smith said yesterday the event at the Fairmont Hamilton Princess, which was free to the public, was “oversubscribed”.
She said over 200 people had signed up with the BSBDC originally anticipating around 100 to 150.
Ms Smith said interest in the event was high because many people wanted to hear Mr Greaves’ speech, and in this economy, many small business owners and entrepreneurs wanted the opportunity to network or find out how to go about getting a business off the ground.
“I think given the economy business owners are wanting to take every opportunity to network and positions themselves for success,” Ms Smith said. “Or people may be out of work and have a hidden desire to become an entrepreneur. I think our event provides the opportunity for people to find all those resources in one place.”
Nearly 40 vendors were on hand for “speed-dating” networking with small business owners and those interested in starting a company, offering advice on finance, Government, insurance/pensions, legal, marketing, management, and information technology.
All three banks had a presence, along with local insurance, media and advertising companies, small business IT experts, law firms, telecoms providers and an airline that’s starting a small business rewards programme.
Ms Smith said many people were interested in Mr Greaves’s non-profit 100 Urban Entrepreneurs initiative that provides $10,000 in start-up grants and business mentoring to selected young entrepreneurs.
Mr Greaves has been quoted in the media as saying: “There’s a one-in-100,000 chance that a kid will become successful as a rapper or athlete, but a one-in-10 chance that he’ll become successful in business with the same effort.”
The entrepreneur left college early and moved to London in 1994 to work in the financial sector.
He went on to co-found MacFutures, which seized on the global shift toward electronic trading.
He eventually sold his firm and got into publishing luxury-lifestyle and personal celebrity magazines including Trader Monthly, Dealmaker, Corporate Leader, Private Air and The Cigar Report.