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The OWN Bahamas Foundation is preparing to host its third free speaker seminar to give Bahamian entrepreneurs insights into how to grow their own businesses.
The OWN Talks event, set for the Baha Mar Convention Centre on Thursday, May 23rd, is one component of the support provided by the Foundation to entrepreneurs and start-ups beyond the $1m in grants and other financial support already offered.
Besides providing Bahamians with ideas on starting, growing and creating wealth from their business endeavours, this year’s speakers will address the three different stages of the business cycle– uncovering and building on an idea that is unique; growing the business once you have started it; and leveraging business success for even greater success.
“This year we wanted to find speakers that would not only inspire our entrepreneurs but give them information that can transform the way they approach their business. This is mentorship on a large scale,” said OWN Foundation founder, Sebas Bastian, pictured.
“Many entrepreneurs have difficulty figuring out how to take an idea and make it distinctive. Mgm casino maryland hours. Others get their business up and running but can’t figure out how to grow it. And, for those who are successful in starting and growing their business, the question becomes: ‘What next?’ Each of the speakers we invited this year will give entrepreneurs vital information to take on each of these challenges because they’ve succeeded at it.”
In addition to the event’s speakers, Mr Bastian said he will announce a new investment opportunity from the OWN Talks stage.
“We are very excited to launch this new investment opportunity. We believe it will put investment within reach of many Bahamians who may have otherwise felt excluded in the past. Equally as important, it will open a sector of the Bahamian economy which has, up to now, been closed to outside investment,” he said.
The speaker roster for this year’s OWN Talks event includes Cindy Eckert, Tom Bilyeu and Dan Fleyshman.
Ms Eckert founded two pharmaceutical companies, Slate Pharmaceuticals and Sprout Pharmaceuticals, and is an experienced “angel investor” with total exits worth more than $1.5bn.
She sold Sprout Pharmaceuticals in 2015 for $1bn after the company won US federal approval for the drug Addyi, the first drug designed to enhance female libido. Previously, other pharmaceutical companies found no value in addressing the needs of women in this way.
After the sale of Sprout, she launched The Pink Ceiling for women-led or women-focused businesses that are primarily in the health technology space. The Pink Ceiling has invested in 11 start-ups with products such as Undercover Colors (a company that is developing wearable nail tech to detect the presence of a date rape drug in drinks), and Lia Diagnostics (which produces a flushable pregnancy test).
Tom Bilyeu co-founded Quest Nutrition in 2010. The company grew by 57,000 percent in its first three years, and was ranked second on the Inc 500 fastest-growing companies in the US. In 2014, he and his wife, Lisa, started Impact Theory, a media company designed to “leverage the self-sustaining power of commerce to radically influence global culture”.
Finally, Dan Fleyshman is the youngest founder of a publicly traded company in history. At the age of 23, after selling $15m worth of clothing in six department store chains and surpassing expectations with his $9.5m licensing deal with STARTER apparel, he launched the “Who’s Your Daddy” energy drink into 55,000 retail stores. He later went on to launch Victory Poker, which became one of the top five online poker brands internationally.
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The doors at OWN Talks will open at 5pm and audience members can register for a free ticket at http://owntalks2019.mysuncash.com. OWN Bahamas, launched in 2015, is an initiative focused on offering support to Bahamian entrepreneurs who have new and exciting ideas within existing or emerging industries.
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PM Didn't Have a Horse in the Race After All
April 30, 2013
Dear Editor,
Sebas Bastian Poker Trainer
John Locke said, 'I have always thought the actions of men are the best interpreters of their thoughts.' The gambling referendum has long gone and Bahamians now find themselves in a quandary. According to Sebas Bastian, CEO of Island Luck, web shops are losing business and many young Bahamians find themselves in danger of being laid off. He said you could land a 747 jet in one of his web shops and there would be no casualties. That is how slow business is. Many Bahamians believe the gambling referendum was botched. They believe that the Christie administration handled the whole process with kid gloves. I believed that too. But my mind has since changed.
Perry Christie said that he had no horse in the race and at the time many of us did not believe him. We believed that he was being a novice by saying that he was neutral on the gambling issue. How could he be neutral when Bahamians stood to lose thousands of jobs? How could he be neutral when unemployment would rise? How could he be neutral when social services would be stretched to the brink of collapse? There was a bigger picture in mind. You have to understand that our governments, past and present, are not as naive as we are led to believe. I contend that there has to be a concerted effort to keep Bahamians as workers in their country as opposed to being owners.
Just last week, The Nassau Guardian announced that mobile gaming will start in short order. Atlantis signed a deal with a company in Las Vegas to provide mobile gaming to tourists. They will be able to download an application and play all sorts of casino games like slots and poker that were not previously available. Get this, the government has already drafted the bill and plans to present this to the House of Assembly shortly with the goal in mind of passing it. A leading hotel executive said that all kinds of jobs would be created from this new legislation and that The Bahamas could see as much as $220 million a year. Does this sound familiar? When are we going to realize that Bahamians do not only want jobs, but we want ownership?
Let me tell you why this gambling referendum was a well-orchestrated plan by the Progressive Liberal Party (PLP). Look at the following points:
o The government intentionally did not address the whole issue of gambling. A thorough process would have addressed Bahamians' ability to legally gamble in the casino, in web shops and enter the mobile market from not only a local but an international perspective as owners. We would have created many Bahamian multimillionaires if the government wanted to put in the framework for Bahamians to truly profit from this industry.
o The government, as it always does, is again saying to Bahamians to be happy with a few high-paying jobs and hundreds of nine to five backbreaking careers.
o Atlantis and Baha Mar will now reap billions of dollars annually from the new legislation that the government will so proudly present to Parliament next week. When are we going to bring legislation to the table that will allow Bahamians to thrive in their own country?
o I agree with the rule of law, but any way you look at this whole gambling issue, patriotic Bahamians cannot feel good about themselves.
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o Notice how the government has stated that it will tighten up on work permits. I applaud it for this newly-stated policy. Could it be thought that they are trying to fill the job losses that will occur if and when web shops lay off Bahamian workers?
Will the government now exercise wisdom and also pass legislation to keep the web shops open and allow Bahamians to truly profit from an industry worth billions of dollars? Time will tell. I really see now what Christie was saying when he said he had no horse in this race. He was right. We as Bahamians were watching the wrong derby and the wrong race.
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- Dehavilland Moss
Click here to read more at The Nassau Guardian
News date : 04/30/2013 Category : Letters