Small Business Owner Struggles with Profit Margins and Financial Management

Financial Management Challenges

• 🎯 Krishna, a tea business owner, reports profit margins between 10-15%, but struggles to accurately calculate them.
• 💡 She admits to not measuring ingredients precisely, relying on intuition rather than exact measurements, similar to cooking.
• ⚠️ Leah expresses concern that Krishna is not taking the business aspect seriously, highlighting the importance of operations, bookkeeping, and accounting.

Business Operations and Income

• 📊 Krishna works as a project manager, indicating she has a W2 job.
• 💰 She uses funds from her W2 job to invest in her business, but the exact amount is not precisely tracked.
• 🧠 While not bad with numbers, Krishna acknowledges she is not particularly good at them, impacting her ability to manage business finances effectively.