How Short is Short-term and How Long Is Long-term?

How Short is Short-term and How Long Is Long-term?

Having financial resources is important for any healthcare organization and for a business plan. For your original post this week, present the financial resources you will use in your Unit 9 business plan. Identify these according to short- or long-term financial resources, explain why each falls into the specific category, and how each plays a role in ensuring a financially feasible business plan is created.

Requirements:

3 references

APA format

at least 300 words

Answer Preview

Short term financial resources are those that require to be facilitated within a short period of time usually 12 months or less and assist the business in operating efficiently over the short term for example trade credit. Long term financial resources are those that need to be facilitated over a long period usually between…

(451 Words)