๐๐๐ฅ๐๐ก๐ ๐ฆ๐จ๐ฅ๐ฉ๐๐ฉ๐๐ ๐ง๐๐ฅ๐ข๐จ๐๐ ๐๐๐ฅ๐๐๐
They had $40 left in the bank. Three years of work produced zero profit. Investors stopped answering their calls. The founders faced bankruptcy.
They refused to quit. They bought bulk cereal. They designed custom boxes called Obama O's and Cap'n McCain's. They sold these boxes during the 2008 election. The cereal business generated $30,000 in cash.
This cash kept the company alive. It funded the pivot to a global marketplace. Today Airbnb is worth billions. They stayed in the game long enough to win.
๐ก ๐ง๐ต๐ฒ ๐๐๐ฎ๐ฎ๐ป๐ฆ๐ฒ๐๐ ๐๐ป๐๐ถ๐ด๐ต๐: Cash flow is the oxygen of survival. Will you pivot to survive or wait to fail?