Better financial management = Better profits

Hosted in French by Ron Robichaud

This workshop on “Better Financial Management = Better Profits” will be led by Ron Robichaud on Wednesday, February 11, 2026, from 9 a.m. to 12 p.m., coordinated by the Wellington Rural Action Center in partnership with the Acadian and Francophone Chamber of Commerce of PEI.

Ron explains:

“When you sell on credit, you will never recover 100% of your receivables. There are two reasons for this: some customers do not pay and others are insolvent. Many factors must be taken into account when selling on credit. Recovering as much of your receivables as possible as quickly as possible is essential to the survival and cash flow of your business.”

Successful businesses understand the importance of knowing their financial position at all times. This session focuses on the fundamental processes and principles used by successful entrepreneurs to maintain their finances and profitability.

 Learning objectives:

• -Understanding the concept of working capital, its components, and its importance
• -Understanding the general liquidity ratio (cash flow), its components, and how it is calculated
• -Understanding credit policies and their implementation
• -Techniques for improving your finances

In Addition : 

•  -Working capital management 
•  -Enterprise risk management
•  -Rapid debt collection
•  -Management of supplier debts
•  -Budget compliance  

About the host:

Ron earned his Master of Business Administration degree from the University of Moncton. He will focus his efforts on financial management and the importance of net profits for business growth. He has been passionate about providing business management advice for the past thirty years. His experience spans several sectors, including operations, finance, small business management, and community development.He owned and managed several businesses during his career. 

To register, please contact Ngombi : [email protected] or 902-854-3439