NR 533 Financial management In Healthcare Organizations week 6 documents

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A business plan outlines the organization’s goals, strengths and weaknesses, projected financial needs, and operational details of their business (Schub, 2016). Business plans are like a blueprint... that lays out what the business is about, a way to secure financial support, and is a way to measure the future performance of the business. To be able to secure long-term financing in a healthcare organization, it is important to create a business plan. The benefits of developing a business plan include securing funds for beginning or expanding the business. It also provides a foundation for increasing the capital from lenders or investors. It lays out the short term and long term goals of the organization and explains the steps necessary to accomplish those goals (Schub, 2016). [Show More]

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