Healthy cash flow is « fundamentally important »

WELLINGTON, PEI – May 29, 2013 – Nine people, including entrepreneurs, administrators, accountants and organization board members, attended a lunch-and-learn May 29 in Wellington to learn how to maintain a healthy cash flow in their business or organization.

Guest speaker Martin Marcoux, a commercial banker with the Royal Bank of Canada in Charlottetown, insisted that “Cash is king”, meaning that a healthy cash flow is “fundamentally important” to the survival of a business. He then explained how to determine if one’s business is in a precarious situation and suggested a number of ways to climb out of such a dilemma.

Marcoux, right, is seen discussing these concepts with two of the session’s participants, Raymond Bernard and Jeannette Blaquière.

The session was organized jointly by the Acadian and Francophone Chamber of Commerce of PEI and the Wellington Rural Action Centre.