Arnon Dror is one of the few successful businessmen who has made their mark in the financial world. This Hebrew University MBA graduate can boast of having been the Vice-President of many international companies. These organizations include Xerox, Creo Americas, Scitex, Kodak, Presstek and Creo Inc. The officials of such establishment are grateful to him for his services. They credit him with successfully restructuring their corporate enterprises into profit-making concerns. His impressive track record in this area proves this fact without any reasonable doubt. People who know him say he is a specialist in many diverse fields. These include cash flow management, corporate mergers, ERP integration, business negotiations, internal controls, and IT systems.
Arnon Dror biography – Is it worthwhile for entrepreneurs to run their businesses with credit cards?
This financial expert says most start-up entrepreneurs have a tough time getting the funds they need. Approaching lenders specializing in the traditional mode of financing is not a viable option for them. These businessmen won’t be able to fulfill the stringent eligibility requirements of these service providers. On top of this, they are yet to build their creditworthiness in the market. This is another very important fact which they can’t afford to overlook any costs. This is why he suggests they should use their credit cards to run their establishments.
Research shows 16 % of all businessmen in America use plastic money to operate their businesses. It is a convenient way for them to get the money they need. Start-up entrepreneurs can browse through the Arnon Dror biography on the internet. They’ll come to know more about this mode of financing. However, they need to ensure they are able to pay off their outstanding liability on time. The last thing these proprietors want to accumulate more debts than they can manage. This specialist points out the following 3 important advantages of taking this course of action:
- Instant cash
This is one of the important reasons for the popularity of plastic money among start-up entrepreneurs. These businessmen don’t have the luxury of time. They need to get their establishments up and to run as soon as possible. Only then can they prove their worth to their competitors in the market. Using credit cards to finance their business allows them to achieve this objective.
- Unsecured line of credit
Many financial institutions and commercial banks offer business credit cards to the public. Most of these lenders offer their clients an unsecured line of credit. This implies that these proprietors don’t provide collateral for withdrawing the cash they need. Moreover, they can take out as much money as they want at their own convenience. This is a fact which start-up entrepreneurs can’t afford to overlook.
- Flexible repayment schemes
Financial service providers dealing in business credit cards offer flexible repayment options to their clients. There no need for entrepreneurs to clear their outstanding dues in full. They just to do is pay their minimum installments at the end of each month.
Using credit cards is a convenient and simple way for entrepreneurs to finance their business. Many of them may have doubt about using plastic money. They need just read upon the Arnon Dror Kodak tenure on the internet. He outlines how they can use credit cards to get the funds they need. In the process, they come to know of the above 3 important advantages of this form of funding.