How much do you know about short-term financing?

Business Acumen
Written By Stacia Aylward

The Challenge

What are three sources of short-term financing that may be used by a company? Feel free to answer this question either in your head or on a sheet of paper.

Why do this?

Even if your role has nothing to do with finance, it's useful to have a basic understanding of financial terms. (By the way, if you noticed that this challenge is similar to another one you've done, you're right. It is! We developed a whole series on financial management, and this challenge is part of that series.)

Knowing how to navigate a company's finances will reveal information about it that you might otherwise never learn. It will also make you more adept at managing budgets and financial goals for your team or department.

What’s next?

If you didn't know the answer to the question asked in the first part of the challenge, take 10 minutes to educate yourself about it online.

Stacia Aylward

Zelos CEO Stacia C. Aylward is an executive leader and lifelong learner with broad professional experience in envisioning and leading programs, projects and teams; facilitating and teaching adults; conducting research; and developing client relationships using proven methodologies in many government and technical fields, including economics, education, healthcare, housing, non-profit governance, IT and law. Stacia holds a master’s degree in Communication and Information, a bachelor’s degree in English, a Six Sigma black belt certification, and a Coach Approach to Leadership credential.

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