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Why Integrity and Leadership Are Essential for Scaling a Business With Markus Scott of EyeQ Monitoring
Manage episode 407188644 series 3558697
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Markus Scott is the President and CEO of EyeQ Monitoring, a company leveraging the power of AI to virtualize traditional security guards and provide live video monitoring surveillance to protect business facilities and assets. Last year alone, EyeQ issued over 3,000 police reports and saved clients $20,000,000 in potential losses. For two years in a row, EyeQ was recognized in the Inc. 5000 list of America's fastest-growing independent small businesses and in the SDM 100 list of the top US security providers.
Markus has been a guest lecturer on entrepreneurship through acquisition at his alma mater, the Kellogg School of Management at Northwestern University, and other prestigious colleges, including Harvard, Stanford, MIT, and the Tuck School of Business at Dartmouth. Before EyeQ, Markus began his career in public accounting and private equity and earned an MBA in entrepreneurship and finance, a master’s in accounting, and a BS in finance.
In this episode…Are you interested in becoming an entrepreneur but afraid of the risk that goes along with it? Apart from starting a business from the ground up, what other ways can you become an entrepreneur?
Rather than starting with an idea and building a business around it, a risk-averse person interested in entrepreneurship can consider an acquisition. After college Markus Scott already knew he wanted to create and build his own thing. Instead of building a business from scratch, he decided to invest in a company that he could clean up, grow, and scale. He went through the challenging process of searching for the right business and finding investors, which eventually paid off. In 2015, he acquired EyeQ Monitoring and grew it’s revenues over 1,200%. Listen as he shares the entire acquisition process and what he learned along the way.
In this episode of The Game is The Game Podcast, Keith Burns sits down with Markus Scott, President and CEO of EyeQ Monitoring, to discuss his entrepreneurial journey and the benefits of an acquisition. Markus talks about a business acquisition as a way of becoming an entrepreneur, the search fund process, the leadership traits it takes to grow and scale a successful company, and the early days of acquiring EyeQ Monitoring.
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