Gregg Marcus

Founder of MSM Enterprises

Gregg Marcus is a reputable broker of property and casualty insurance who also handles business property and casualty insurance. Mr. Marcus works with clients to evaluate and buy property insurance to offer coverage for their commercial and company properties. He is based in New York, New York. Additionally, he strives to satisfy the requirements of his clients for casualty insurance that will offer liability coverage to support their protection in the event that they are held legally accountable for an accident that results in the harm or destruction of another person’s property. Mr. Marcus also works in the commercial finance sector, offering a variety of financing alternatives to clients and business owners.

The commercial hard money loan sector has been Gregg Marcus’ field of work for more than thirty years. His experience working at MSM Enterprises of New York Inc. since 1996 has given him a solid platform on which to create commercial alliances, grow and promote clients’ businesses, and coach aspiring business owners. Mr. Marcus has over fifteen years of experience in the mortgage counseling industry through his work with First Interactive LLC. He has assisted clients from a wide range of backgrounds in obtaining the finance required for numerous projects and has offered consultation on all areas of mortgages.

Gregg Marcus is also known for his philanthropic work. He has contributed to the Long Island, New York-based organization Sunrise Day Camp for kids with cancer. Since its inception in 2006, Sunrise Day Camp has helped children with cancer and their siblings relive the fun of childhood. Mr. Marcus has additionally contributed to Americans for Class, better known as Meadow’s Movement, a group dedicated to enhancing student safety. He was one of the co-funders who oversaw the purchase of the land and home in Brookville, New York, which would eventually become The Chabad of Brookville, between 2007 and 2008. At the twelfth Interfaith Concert of Remembrance in 2002, Gregg Marcus was given the Humanitarian Award.

Where did the idea for MSM Enterprises come from?

The idea for MSM Enterprises of New York was inspired by my drive to help businesses and commercial lenders access the capital they need to grow and succeed. Leaning on my understanding of the insurance and lending industries, I set out to create a comprehensive solution that would provide clients with access to reliable insurance policies and loan products. I also saw an opportunity to utilize new technologies within these areas in order to facilitate faster underwriting processes and higher quality service delivery. As a result, MSM Enterprises of New York was born in 1996 as an independent insurance broker specializing in commercial property & casualty insurance and commercial hard money loans.

What does your typical day look like and how do you make it productive?

My typical day begins with a review of new business opportunities and ongoing projects. I spend time researching new insurance products or loan structures that may be suitable for our clients, and I also focus on staying up-to-date with new laws and regulations that affect these industries. Beyond that, I take time to connect with new prospects as well as current clients to determine their needs and develop tailored solutions for them. I make my days productive by maintaining a good balance between thoughtfully identifying new opportunities and efficiently addressing existing ones.

How do you bring ideas to life?

In order to bring new ideas to life, I focus on breaking complex tasks into smaller and more manageable components. Then, I work with my team to identify the resources needed for each step. As new developments arise, we adjust our plans accordingly and make sure that everything is running smoothly so that nothing falls through the cracks. This kind of detailed approach allows us to stay ahead of any potential problems, enabling us to confidently move new ideas from concept to reality.

What’s one trend that excites you?

One trend that excites me is the increasing prevalence of new technologies in the insurance and lending industries. By leveraging new technologies, we can significantly speed up underwriting processes and provide more accurate risk assessments to our clients. This means that our clients are able to acquire the capital they need faster and with greater confidence, allowing them to focus their efforts on achieving their business goals. I’m excited by these new possibilities and the new opportunities they create for businesses.

What is one habit of yours that makes you more productive as an entrepreneur?

I believe one habit that has been key in my productivity as an entrepreneur is my dedication to staying informed. I consistently read new literature and research new developments in the insurance, lending, and technology sectors in order to stay up-to-date with changes that may affect our clients or our operations. This helps me anticipate new opportunities and new challenges so that I can better serve our customers and lead my team towards success.

What advice would you give your younger self?

If I could go back and give myself some advice, it would be to not be afraid of taking risks when pursuing something new. Although there is safety in playing it safe, sometimes taking a risk is necessary in order to move past obstacles or find new solutions. I now know that taking calculated risks is part of the journey to success and can be a great source of motivation for myself and my team.

Tell us something that’s true that almost nobody agrees with you on.

One thing that’s true but not many people agree with me on is the importance of taking risks. Although taking a risk can be scary, it can also open new opportunities and new possibilities for businesses. Without risk-taking, businesses will remain stagnant and never reach their full potential. I believe it’s important to understand the potential consequences of any new venture or course of action, but one should never shy away from new challenges if it could lead to greater success.

As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?

The one thing I do over and over again, which I would also recommend others to do, is to never stop learning. Whether it’s new developments in our industry or new technologies that may benefit us, there are always new topics to discover and skillsets to develop. By keeping an open mind and embracing new information, we enrich our knowledge and gain new perspectives that can be applied to our work. This helps us bring new ideas to life and keeps us ahead of the competition.

What is one strategy that has helped you grow your business?

One strategy that has been instrumental in growing my business is team building. By carefully selecting individuals with a diverse set of skills and experiences, I have been able to create an agile team that responds quickly to new challenges and opportunities. My team also ensures quality control across all of our operations, from customer service to product development, which gives customers greater confidence in our services. In this way, our team has been essential in growing our business and taking it to new heights.

What is one failure you had as an entrepreneur, and how did you overcome it?

One of the failures I experienced early on as an entrepreneur was underestimating the complexity of certain tasks. At first, I assumed I would be able to quickly assess new projects to determine what resources were needed. However, this turned out to be a mistake because every new project requires its own unique set of considerations and solutions. To overcome this challenge, I now put more effort into understanding each new project before beginning work so that I can properly allocate resources and time for maximum efficiency.

What is one business idea that you’re willing to give away to our readers?

One business idea I’m willing to give away is the creation of an online platform where new and experienced commercial lenders can connect with insurance brokers. This platform could offer a streamlined way for potential new clients to find the right type of lender or broker, while also providing existing clients with new resources and information. The platform would have access to real-time market data and new developments in the commercial lending/insurance world, which would help make it easier for users to stay informed and make more informed decisions when dealing with their finances.

What is the best $100 you recently spent? What and why?

The best $100 I recently spent was on new business cards. As a commercial lender and insurance broker based in New York, networking is an important part of my job. Having professional-looking business cards not only helps people remember me, but it also leaves a lasting impression that reflects positively on the work I do. Investing in new business cards was well worth the money and I’d recommend other entrepreneurs to do the same.

What is one piece of software or a web service that helps you be productive?

One piece of software that has been a great help to my productivity is Dropbox. I use Dropbox for both personal and work-related tasks, as it allows me to store files securely in the cloud and easily share them with colleagues or clients if needed. It also syncs across all my devices so I can access important documents anywhere. Dropbox has made it easier for me to manage large projects with multiple stakeholders, which is essential for any successful entrepreneur.

What is the one book that you recommend our community should read and why?

The one book I would recommend to readers is “The 7 Habits of Highly Effective People” by Stephen R. Covey. This book offers a new perspective on how to achieve success in both personal and professional life through principles like goal setting, prioritizing tasks, and taking initiative. The 7 Habits of Highly Effective People has been instrumental in my journey as an entrepreneur and I would highly recommend it to anyone looking to take their business to new heights.

What is your favorite quote?

My favorite quote is “If you want to go fast, go alone. If you want to go far, go together.” I always keep this in mind as I work with new partners and clients. This applies not only to business relationships but also to my personal life, as it emphasizes the importance of having support from others when pursuing a goal. This quote reminds me that no one can do everything alone and that collaboration and teamwork are essential for success.

Key Learnings:

  • Investing in new business cards is worthwhile for entrepreneurs, as it leaves a positive impression and helps people remember you.
  • Software like Dropbox can help streamline work processes and make it easier to manage large projects with multiple stakeholders.
  • Collaboration and teamwork are essential for success – no one can do everything alone.
  • Reading books like “The 7 Habits of Highly Effective People” can provide new perspectives on how to achieve greater success both personally and professionally.
  • Having the right support system is essential in pursuing goals – if you want to go far, go together.