Lunch-and-learn to show entrepreneurs and managers how to maintain healthy cash flow
WELLINGTON, PEI – May 10, 2013 – All entrepreneurs and managers of organizations are invited to attend one of two lunch-and-learns later this month to learn how to maintain a good cash flow – a factor in the healthy management of any business.
The session, to be held in French, will be delivered by banker Martin Marcoux in the RDÉE PEI board rooms in Charlottetown (137 Queen St., Suite 204) Tuesday, May 28, and in Wellington (48 Mill Rd.) Wednesday, May 29, at 12 noon. Lunch will be served. This event is being organized jointly with the Acadian and Francophone Chamber of Commerce of PEI and the Wellington Rural Action Centre.
Those who manage businesses and organizations must know how to properly manage cash flow – the entry and pay-out of fund from their bank accounts – to ensure that they always have sufficient liquid reserves to cover all daily financial obligations.
“Even if your business is profitable, if your cash flow is badly managed, it could cause you some pretty serious problems,” says Marcoux. “Whether it be in the management of your inventory, the management of your accounts receivable and accounts payable, or in investment in capital assets, it is extremely important that you know how to juggle all of these elements. Always remember: Cash is King. Come on down to learn a few basic rules that will help ensure that you attain and maintain a healthy cash flow.”
Marcoux is the senior account manager for RBC Commercial Financial Services in Charlottetown. He has more than 20 years of experience in financial services and holds a BBA from St-Anne University.
The registration fee for both the session and the meal is $10 (tax included) for members of the RDÉE and the Chamber and $15 for non-members. To register for either lunch-and-learn, those interested may contact Jeannine Arsenault at (902) 854-2328, Ext. 228, or at Jeannine@rdeeipe.org.
For more information:
Wellington Rural Action Centre
(902) 854-2328, Ext. 228