A Common Thread

On our second day of visiting companies, Mark and I came across a very interesting company called Eveo that deals with assisting home care to the elderly and disabled. Catering mostly to Sweden’s large immigrant population of approximately one million, (many of whom do not speak the native language), the company is entirely funded by the government’s inclusive social safety net. In fact, Eveo is just one more piece of the state mechanism that supports its citizen/customers well-being and quality of life through auxiliary health services, paid for by taxes which would seem extremely high by U.S. standards. As a government-sponsored company that is inspected by state officials once a month, it might seem that the process to acquire such a company would be complicated. But Eveo is a different story.

Usually, it is a very long process for a start-up company to receive the permits needed for home care. However we found out that Eveo took over an existing company by paying only a small fee (roughly $50,000 USD) which allowed them to quickly get the ball rolling. Although the company was not completely new when purchased by its current owners, it still retains the feel of s start-up. Which seems like a common theme in Sweden: many companies appear more dynamic, more entrepreneurial-focused and more casual and humanistic (just look at the dress codes and vacation plans). Eveo, for example, seemed like they did not have an exact business plan and just went with the flow. Although it took about six months until they had their first patient (which led to revenue of only 10,000 Kronos), Eveo is now prospering as their services to immigrant patients and municipalities are growing. And if current immigration policies are any indication, it seems that this company has a bright future helping those who cannot help themselves.