Kayla Tausche CNBC
The arrival of January seems to bring out the list-making in the media. There are reviews of the previous year and predictions for the one we are now in. Publications commonly create a list of Top 40 Business People that are under the age of 40 as top entrepreneur’s to watch for the upcoming year. It used to be that 40 was the target for career establishment. Not anymore. In today’s aggressive market place, a long track record of success prior to age 30 is not uncommon. Credit technology is the empowerment of the Millennials. The reality is that the age bracket in which 30 is considered old, don’t just have extensive resumes – they have already formed in irreversible impact. That’s why The Suit Magazine opted to highlight six of these movers and shakers in our first edition for 2015. As expected, our list contains success stories from social media. There is no denying the changes and questions the emergence of social media brings to our world. Yet, our list goes further.
The arrival of January seems to bring out the list-making in the media. There are reviews of the previous year and predictions for the one we are now in. Publications commonly create a list of Top 40 Business People that are under the age of 40 as top entrepreneur’s to watch for the upcoming year. It used to be that 40 was the target for career establishment. Not anymore. In today’s aggressive market place, a long track record of success prior to age 30 is not uncommon. Credit technology is the empowerment of the Millennials. The reality is that the age bracket in which 30 is considered old, don’t just have extensive resumes – they have already formed in irreversible impact. That’s why The Suit Magazine opted to highlight six of these movers and shakers in our first edition for 2015. As expected, our list contains success stories from social media. There is no denying the changes and questions the emergence of social media brings to our world. Yet, our list goes further.
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y amy armstrong<br />
BRINGING A NEW<br />
IDEA TO CONSUMERS<br />
All airports have parking. That’s a bit of an obvious statement. People<br />
taking off on a jet plane have to leave their vehicles somewhere, right?<br />
But what about pets? Where do they get to stay when you go away<br />
on vacation or on a business trip? And is this location convenient for<br />
travelers during the mayhem of getting to an airport and getting bags<br />
checked in?<br />
In an expanding trend toward<br />
catering to the needs of travelers<br />
and their four-legged friends, the<br />
developers of on- and off-airport<br />
parking facilities are adding pet<br />
boarding or kenneling to their list of<br />
services. Most pet kennels serving airport<br />
travelers are located near a particular<br />
airport but with only a very few<br />
exceptions, are not actually located on<br />
airport property. Ads state that their<br />
pet facilities “serve xyz airport” or are<br />
“at xyz airport” – but they are not on<br />
the grounds of the airport itself. Some<br />
private companies operate off-airport<br />
for airport parking or on-airport for<br />
pet boarding but not both.<br />
According to PetTravel.com, several<br />
major U.S. destinations now have<br />
parking and pet boarding services in<br />
the same location. Currently, these<br />
locations include Jacksonville, Fla.,<br />
Houston, Charlotte, NC, New Orleans,<br />
Chicago, Minneapolis-St. Paul, Atlanta,<br />
Seattle and Portland, Ore.<br />
It is this trend that Bradley Scott has<br />
noticed and is implementing at his<br />
latest venture: An on-site parking and<br />
pet boarding facility utilizing 64 previously<br />
undeveloped acres at Austin<br />
Bergstrom International Airport. Scott<br />
is an enormously successful entrepreneur<br />
who revolutionized the auto<br />
salvage industry. Beginning in southern<br />
California, he eventually took the<br />
auto salvage company public on NAS-<br />
DAQ and then extended the business<br />
throughout the country before selling<br />
his stock in Insurance Auto Auctions<br />
(IAAI), the firm he created.<br />
Scott is the founder, president and<br />
majority owner of Scott Airport Property,<br />
a subsidiary of Scott Group Investments.<br />
His first airport parking<br />
venture, located in an off-airport site<br />
in Austin, was sold to a national chain<br />
in 2007 just before the stock market<br />
crash. He then developed airport parking<br />
at the first major airport built in the<br />
United States since the terrorist attacks<br />
of 9/11, located in Panama City, Fla.<br />
Not a large market, Scott concedes,<br />
but the experience helped define some<br />
of the issues involved in developing<br />
and operating a facility for a third party,<br />
i.e. in this specific case The St. Joe<br />
Company (NYSE:JOE). Now Scott is<br />
able to apply that experience to his relationship<br />
with the City of Austin.<br />
It didn’t take long for him to look<br />
around the country and notice the pet<br />
boarding trend, too.<br />
Austin Bergstrom officials weren’t<br />
even considering pet boarding, but<br />
Scott asked if he could add services<br />
to his bid, confident the idea was a<br />
winner. He did what he has always<br />
done with new ideas: talked to people<br />
around town to find out what they<br />
thought.<br />
“That is a big part of what being<br />
an entrepreneur is about,” Scott said.<br />
“It is about double checking the ideas<br />
you come up with. Sometimes, as an<br />
entrepreneur, you live in the vacuum<br />
of your mind of previous ventures,<br />
thinking that every idea you come up<br />
with will be a success. But you are better<br />
served if you go out and have mini<br />
focus groups (and plenty of them)<br />
with others in the community who<br />
will be served by your ideas. That is<br />
where you will find out if your idea<br />
might be a winner.”<br />
The resulting Scott Airport Property<br />
project, called Parking Express for<br />
Austin airport parking customers, is<br />
an on-airport property. The 24/7 pet<br />
boarding facility – branded The Pet<br />
Hotel – will be located on-site at Austin<br />
Bergstrom International Airport,<br />
making it the only combined on-site<br />
airport parking and pet hotel business<br />
operation in the US.<br />
The first phase of the new Scott<br />
Parking facility at the Austin airport is<br />
expected to open during the first quarter<br />
of 2016. At about the same time,<br />
Scott and his wife Tiffany Thurston<br />
Scott (pictured together above) plan<br />
to launch their charitable foundation<br />
supporting causes ranging from college<br />
and high school athletics to academic<br />
research.<br />
299 South Main St # 1300<br />
Salt Lake City, UT 84111<br />
Phone: (801) 532-7599<br />
THE SUIT MAGAZINE p.75
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