Arnon Dror is a prominent businessman in the international financial industry. This MBA graduate has been successful in holding the office of Vice-President (Finance) in many companies. These include Xerox, Creo Inc., Scitex, Creo Americas Kodak and Presstek. He has over 20 years of valuable experience and an impressive track record in corporate reconstruction. Many people consider him to be a specialist in complex fields. These include financial planning, business negotiations, international taxation, and cash flow management. This is not all. He also offers his expertise in areas such as ERP integration, internal controls, and corporate merger. The officials of many prominent companies are grateful for his services. They consider him a catalyst in turning their loss-making organizations around.
Arnon Dror – Is it worthwhile for entrepreneurs to hire a reliable invoice financier?
This financial expert says initially startup entrepreneurs have a very tough time getting their new businesses up and running. They need to invest a lot of money to turn their dreams into reality. Bootstrapping does help these aspiring businessmen for a while. However, they soon realize it is not enough. They need to borrow capital from external sources to make ends meet. These proprietors have got to find a way to repay this debt on time. Otherwise, they’ll find themselves in very serious trouble. The situation becomes even worse when they need to deal with slow-paying customers. This is why they should consider hiring the services of reliable invoice financier.
He further explains start-up entrepreneurs need to understand an important fact. Pursuing slow-paying customers is likely to take up much of their time. On top of this, taking legal action against these debtors is not a viable option for them. They just don’t have the time and money to take this step. These businessmen can expect better results are hiring the services of a reliable invoice financier. Opting for this course of action has the following two important advantages:
- Improves their cashflow position
These proprietors notice their slow-paying customers generally take 60 days to repay their dues. This implies these owners have to wait for two months to receive payments from legitimate sales. It is an unacceptable situation for almost all of them. Fortunately, they can avoid it. The reliable invoice financiers they work with generally takes care of such debtors. The entrepreneurs just have to give these service providers the valid sales bills representing the transactions. They’ll scrutinize such paperwork before advancing the money to their clients. After this, they take up the responsibility of collecting the amount from such individuals.
This is perhaps one of the most important reasons for the popularity of invoice financing. The amount of money these startup entrepreneurs can get depends on the sales they generate. They just have to focus on expanding their market operations. They’ll get the cash they need at regular intervals. In the process, these owners won’t fail to notice an increase in their profits over time. On top of this, they don’t have to prove their creditworthiness or provide collateral. This is a boon for them.
Arnon Dror says hiring a reliable invoice financier can work wonders for start-up entrepreneurs. They just have to look at the above two important advantages of such a step. They can get enough cash to gain a competitive edge in the market. It’s a decision they won’t regret making.