Bubblews and the lesson on Cash flow 101
The unhappiness in Bubblews is due to mismanagement of cash flow.
Bubblews team has taken too long a time to learn that cash flow is the blood of a business.
A profitable business can go bankrupt because of the cash flow problem.
Many businesses are victims of rapid expansion and success. They keep getting customers and taken on big accounts or projects.
In the end, they have cash flow problem.
Customers, especially big customers, do not pay promptly. When you give them credit term of 30 days, you are lucky to see the money after 60 days.
However, you have to pay the workers promptly. You may have to pay for the supplies by cash.
That is why profitable business runs into problem.
It is the same with Bubblews. Even though we have been voicing out that the rate in Bubblews is not sustainable, Bubblews keeps the same rate, and pays to all the scammers and spammers.
It takes them a long time to learn the importance of cash flow management.