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http://www.wellcocorp.com

29488 Woodward Avenue
Suite 102
Royal Oak, MI 48073

Wellco

What educational, entrepreneurial or business development programs, if any, have you taken advantage of?
Hiring and collaboration of several nationally reknown business consultants and coaches.

Who was your first customer and where did you find them?

Shell Oil, referred from a former employer.

Where did you find your first employee?
Recruited from a local health system.

Have you promoted an intern to employee status, and if so how many times have you done it?  
Not yet, but hopefully soon.

Where have you turned to find capital to grow your company and which institutions have provided it?
We have a no-debt financial strategy and have not worked with financial institutions. However, we have begun getting interesting inquiries from private equity firms.

What do you see in Metro Detroit that other people who live outside the area don't?
A prevalent theme of get-it-done intelligence and attitude.

What is one thing Michigan does better or has going for it that other more successful regional economies don't?
A collaborative infrastructure and successful track record for entrepreneurs.

If you could change one thing about this region, what would it be?
Better alignment of government and business goals, and more sunshine.
 

Related Content

Wellco's health tracking software a hit, adds positions

Royal Oak-based Wellco isn't a provider these days as much as it is a fixer when it comes to improving the health of Metro Detroit's workforce. "We have become much less a wellness provider and more of a company that fixes wellness programs," says Scott Foster, president of Wellco. "Wellness has become such a hot topic but companies have no idea whether their programs are effective or not."Wellco has developed software and programs for companies to document and track the health of their employees. The idea is to create a healthier, more productive workforce that ultimately saves significant sums of money in medical costs, both in the short- and long-term.Its newest technology, HealthHammer, helps its customers benchmark, measure, and improve healthy lifestyles. It also gives them the Top 15 health conditions to avoid, such as back pain, diabetes, and depression.Wellco has avoided its own pitfalls and experienced some healthy growth in the last two years, adding two hires to round its staff out to a dozen people and three independent contractors. It currently has one open position for a wellness specialist and expects to create another five jobs over the next six months.Source: Scott Foster, president of WellcoWriter: Jon Zemke read on…
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