August 2023 Income Report
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 24 September 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income120, and IGNITE!
August 2023 Income At-A-Glance
Gross Income for August: $122,160
Total Expenses for August: $12,078
Total Net Profit for August: $110,082
Difference b/t August & July: -$12,938
Precentage of net profit to overall gross revenue: 90 percent
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Transcript
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| 0:00.0 | Boom! Shake the room, Fire Nation! JLD here and welcome to Entrepreneurs on Fire, brought |
| 0:07.7 | to you by the HubSpot Podcast Network, the audio destination for business professionals |
| 0:11.9 | with great shows like The Gold Digger Podcast. Today, Fire Nation is the income report for |
| 0:17.9 | August of 2023. We have a lot of exciting things to talk about. We're talking about the R&D |
| 0:25.3 | systems. We're also talking about deep fakes. This is cyber security stuff that you need to |
| 0:30.3 | listen to, Fire Nation, and so much more. As soon as we get back from thinking hours, sponsors! |
| 0:36.8 | Online Marketing Made Easy Podcast, hosted by Amy Porterfield, is brought to you by the HubSpot |
| 0:40.9 | Podcast Network, the audio destination for business professionals with a focus on online business, |
| 0:45.7 | including digital courses, list building content, and more. Online Marketing Made Easy breaks down, |
| 0:50.2 | big ideas, and strategies into actionable step-by-step processes. A recent episode that will |
| 0:55.1 | help you get more results with a whole lot less stress is on four ways to avoid burnout. Listen |
| 0:59.6 | to Online Marketing Made Easy wherever you get your podcasts. Ever thought about giving a |
| 1:04.5 | TEDx talk? It's one of the most powerful ways to share your message with the world. In four-time |
| 1:09.5 | TEDx speaker Taylor Conroy from Thought Leader can help you get there. Visit Thought-leader.com-fire |
| 1:16.0 | to join Taylor's free training where he teaches you how to land a TEDx talk and spread your message |
| 1:21.2 | to millions. All right Fire Nation, we are back and let's kick it off with our gross income for |
| 1:27.9 | August, which was $122,160. Our total expenses were just over $12,000 for a net profit of $110,000 |
| 1:38.0 | and $82. Our percentage of net profit to overall gross revenue was once again 90% loving that |
| 1:46.1 | number. In Fire Nation, we're going to kick things off with Ron Parisi's monthly tax tip, which |
| 1:51.2 | is all about the R&D credits. Ron, take it away. Hello John and hello Fire Nation. This is Ron |
| 1:57.9 | Parisi with CPA on fire for your August, 2023 tax and accounting tip. Hey Fire Nation, |
| 2:05.6 | hopefully everybody's doing well out there. This month we're going to revisit a topic I covered |
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