Everton Wilson: With an inspirational story in education, manufacturing and business development, Welink Accountants speaks to the founder of EDVOCAP to lighten up our day.
- Part 1: Can you introduce yourself please?
- Part 2: How did you get started?
- Part 3: What led you into the world of business?
Part 1: Can you introduce yourself please?
Everton Wilson, founder of EDVOCAP.
Part 2: How did you get started?
I graduated with a teachers Diploma with an elective in Design & Technology (DT) at age 19 and taught young people DT (Resistant Materials) in the classroom. I then left the classroom to practice the craft in a business context. My passion for craftsmanship, precision, beauty and detail led me to setting up my own bespoke furnishing business in the Caribbean.
Part 3: What led you into the world of business?
Making objects of value can lead to a lot of demand. This was fortunately the case with my business, and I quickly realised that I needed to hone my financial skills along with my creative ones should I want the business to expand with a robust set of growth principles.
I put myself through an MBA, and never attended a class for my 9 ACCA papers, managing to find the time to work and learn at the same time.
Accounting is simply one of the key skills you can possibly have in business. You do it for profit and not for pleasure. But sometimes you need guidance and clarity along the way if you do not possess it.
What do you mean by guidance?
Guidance to find a clear path to make your business work. Sometimes you may have a great idea, but there are blocks on the path. We help our clients to see around the obstacles by offering our background knowledge across Manufacturing, Sports, Education and Engineering to help you manage better.
If you hadn’t gone into Business Advisory and Accounting, what would you have done?
When I was teaching DT in a preparatory school in England, the kids used to run to my class with such vigour that I was occasionally concerned about Health & Safety rules! I think that, that kind of inspiration is what I love to see in people. Whether you are a child running to your design class or an entrepreneur setting up your business, people love to see tangible results for their work. To answer your question, clinical psychology is what I wanted to do to inspire people, but my parents could not afford to send me to university.
What were the challenges when you began?
The biggest challenge was the amount of paperwork back in 1988 when I started my first business. The tedious side of manual accounting was a real bore and we always felt we could go faster. We bought a rather large computer in the early 90’s and have found that the further you embrace the technology around you, the faster you will go.
What any business should do is capitalise on accounting technology. Use Sage, Xero or Paperless in any context to make your business run smoothly and efficiently.
What are the outcomes of putting these systems in to place?
When we build a business management system, you will get transparent, real time financials at the touch of a button, which takes the hassle and duplication out of the process. This lowers your operational costs and shines a light on matters most in business – people, performance and profit.
Who do you see EDVOCAP working with?
What I am currently doing now, is expanding with more established companies. That’s why we hired Welink to help show what we do best.
What is your approach to dealing with new business?
We speak first during a free 30 min conversation and then do what I call ‘reverse engineering of the dream’ into a clear and practical integrated success plan. However, as a quality driven businessman, there is also the quality in-quality out, notion. Therefore, we must choose our partners accordingly, as our model includes an exit strategy once we have accomplished the implementation of the success plan.
What is the simplest way of describing EDVOCAP’s mission?
We strive to raise people up and elevate their knowledge, fortitude, and dreams using accounting principles.
What do you think are the positive aspects of this job?
Of course, it must be the people aspect of the job. EDVOCAP’s missions will always be to empower people to be independent while giving themselves the skills to be able to make the most of their talents. In short? Set things up right to illuminate and set free.
This question is always difficult to answer, but can you describe yourself?
Caring, Knowledgeable, People-Oriented, Honest, Passionate, Meritocratic, Resilient and Inspirational.
How do you see your industry changing in the next few years?
Manual accounting is soon going to become obsolete. In the next few years, it will probably meet the same fate as the dinosaurs. Because the current accounting technology wave is virtually free, the way things are going! what is going to be valuable will be human knowledge and expertise coupled with integrity, to avoid or overcome the obstacles in the way.
The last word?
Business is for profit, not for pleasure.