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Founders

Company

Wellco

29488 Woodward Avenue
Suite 102
Royal Oak, MI 48073

Scott Foster

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

It's often said that Metro Detroit and Michigan need to reinvent their economies to be competitive. Are we making those changes, and if so are we making enough of them or doing it fast enough?
We are getting it done but can is it ever fast enough? The region has tremendous loyalty along with a prevalent theme of get-it-done intelligence and attitude. Although changes due to a dramatic shift in the auto industry may take longer than many would like, hopeful progress remains due to a collaborative infrastructure and a successful track record for entrepreneurs.

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



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