Arnon Dror is one of the financial executives who stand out in the world of international business. This Hebrew University MBA graduate distinction of occupying the post of Vice-President in more one company. These organizations include US Channel Group’s Xerox division, Creo Inc., Kodak, Scitex, Creo Americas, and Presstek. The officials of these establishments say he is a catalyst in turning their concerns into profit-making entities. In fact, they acknowledge he has a very impressive track record in this area. He has also been in successful in discharging the offices of CFO of these concerns. People who know him very closely say he is an expert in many diverse fields. These include business negotiations, international taxation, corporate mergers, internal controls, cash flow management, and strategic planning.
Arnon Dror – Is it worthwhile for start-up entrepreneurs in launching a crowdfunding campaign?
This financial expert says start-up entrepreneurs have a very tough time raising the money they need. Almost all of them aren’t very keen to rely on traditional modes of financing. Prominent lenders offering commercial loans to the public generally lay down stringent eligibility requirements. They expect all their borrowers to fulfill such guidelines before offering them any assistance. On top of this, they expect these individuals to have an impeccable credit score. This can turn out to be a tall order for many of them. These businessmen are not an exception to this rule. This is why this professional suggests these proprietors should consider starting a crowdfunding campaign. He points out the following 2 important benefits of taking this course of action:
- Accessibility and efficiency
Start-up entrepreneurs don’t need any particular skills, knowledge or experience to launch a crowdfunding campaign. There are many portals on popular social media networking platforms offering such facilities to the public. They just need to choose one which suits their specific needs. It won’t take them more than an hour to get their campaigns up and to run. They just need to focus on one aspect. The proprietors need to ensure their target audience like what offering to introduce in the market. It’ll make it easier for them to get the sum of money they need to start their businesses. If it is necessary, they can hire an expert specializing in this field. This is a far cry from the traditional mode of financing.
- Safeguard entrepreneurs from incurring unnecessary risks
Establishing a start-up business is never an easy task for any entrepreneur. Raising adequate funds from the market is just one aspect they need to consider. They also need to take into account foreseen expenses which may arise. Moreover, come up with the accurate market valuation for their concerns is also challenging. Then some people want a say in ownership and control of their ventures. Launching a successful crowdfunding campaign provides these businessmen a cushion against such potential risks. It also provides them with a valuable learning experience. This is not possible under traditional modes of finances.
Arnon Dror says launching a crowdfunding campaign can work wonders for start-entrepreneurs. The above 2 important advantages of taking this step prove this fact without any doubt. It enables them to get concerns up and running in no time. It’s a decision these proprietors won’t regret making.