BONUS: Income Report for August 2019
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 7 September 2019
⏱️ 31 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/income72, and IGNITE!
August 2019 Income At-A-Glance
Gross Income for August: $156,316
Total Expenses for August: $36,459
Total Net Profit for August: $119,857
Difference b/t August & July: -$33,579
% of net profit to overall gross revenue: 77%
Transcript
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| 0:00.0 | What is shaken fire nation? JLD here within unedited, unfiltered bonus income |
| 0:11.0 | report for August 2019. Now the reason why this is unedited, the reason why |
| 0:17.2 | this is unfiltered, the reason why this is a bonus episode is because Kate and I |
| 0:21.6 | are currently sitting on our VRBO deck in Fiji right now. Where we are |
| 0:29.9 | spending a couple weeks before we take off for Latvia, then Poland, then France. |
| 0:35.9 | We are on parts of our three-month annual trek around the globe. So we're in |
| 0:44.5 | total vacation mode or kicking back right now. You're probably going to hear some |
| 0:48.0 | birds in the backgrounds. I'll have Kate's included picture of exactly what |
| 0:53.0 | our recording studio looks like in the income reports for sure. I'm seeing a lot |
| 0:59.2 | of greenery, a lot of leaves, a lot of trees, a lot of birds, a lot of ocean, a |
| 1:04.6 | lot of blue skies, a lot of clouds. Yes, this is just classic and traditional |
| 1:10.6 | Fiji right now. So we are absolutely loving every part of it as a bird just |
| 1:16.2 | swoops out of nowhere and almost takes out my just kidding. Wasn't that close. |
| 1:20.8 | But anyway, the income report for August of 2019, our gross income was $156,000. |
| 1:30.4 | Our total expenses for August were $36,000. For a total net profit of $119,857, |
| 1:38.9 | the difference between August and July was a $33,579 differential in the wrong |
| 1:47.9 | direction. So hey, we were pretty much going into vacation mode. That's what I'll |
| 1:52.4 | give as an excuse there. Actually, we were in vacation mode because August 4th is |
| 1:56.4 | when I started my vacation. So the percentage of net profit though was 77%. |
| 2:02.1 | So we still kept that very high. Not quite as high as last month, which I believe was 91%. |
| 2:07.4 | But our net profit to overall gross revenue at 77% is enough to make any business |
| 2:14.1 | owner smile. Now today, we're going to be talking about some really cool things. |
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