Februarys Income Report - $1million
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 793 Ratings
🗓️ 23 March 2017
⏱️ 24 minutes
🧾️ Download transcript
Summary
February had some setbacks, apart from that Ryan’s businesses collectively totaled over a million dollars in revenue, which is slightly lower than last month’s revenue. In this podcast episode Ryan shares the status of his businesses, how they’re doing, as well as investments and their growth or retraction.
This month was tough across all board’s, there were quite a bit of challenges to say the least.
A good deal came to light with an acquisition that closed on February 1. The revenues generated on that business were $250,000. compared to the month before and looking at the comparison of the businesses measured in January compared to the businesses in February, there is about a $350,000 retraction from January into February.
Mini Vacation Delayed This Income Report
Getting this income report to you later than usual, For the first time in 4 years Ryan took a vacation for more than a few days. something he has never done. It was great..the most important thing when working hard is making sure you make some time for R&R...
Lets Break Down The Revenues
Breaking down the revenues: top line revenue was about $1 million over all of the businesses, and the breakdown looked like this:
So Let’s Break Down The Revenues primary business is sports nutrition and fitness company, revenues for that were about 450,000. didn’t have a whole lot of orders in February.
Good Things Can Now Come To Light
Ryan did strike a fantastic retail deal that will take the products in between 800 and 1100 stores nationwide in the next 30 to 45 days. As soon as that is live and actually, physically in stores nationwide, Ryan will talk more about it.
Orders did not come in until March. the team was caught in the in between Amazon orders in January, and March, as well as the retail orders kick in March, but there was a gap in February where there were Ryan didn’t have the same amount of orders that we would normally have.
the good news is that Ryan finally have cracked the launch processes and the ranking processes on Amazon in a way that is more sustainable, and profitable, and faster.
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Transcript
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| 0:00.0 | You're listening to Freedom Fastlane, presented by Capitalism.com. |
| 0:08.5 | This is the show about building businesses and investing the profits so that you can live life on your terms. |
| 0:16.2 | And now your host, the future owner of the Cleveland Indians, Ryan Daniel Moran. |
| 0:23.0 | Hey, Fastlaners. Welcome to Freedom Fastlane. This is Ryan Daniel Moran, and it is time for |
| 0:29.1 | another income report. This is where I report on the status of my businesses, how they're doing, |
| 0:34.6 | as well as my investments, and their growth or retraction, as you'll |
| 0:38.9 | see in this month. It was kind of a tough month. I got kicked in the teeth a little bit. |
| 0:44.7 | Across the board, it was a little bit of, well, I had challenges in pretty much all of my |
| 0:52.0 | businesses, and I will explain exactly what that looks like. |
| 0:55.1 | It is kind of a kick to the ego when you report on your income over the internet |
| 1:00.5 | and you had a down month and a significantly down month, which I'll explain. |
| 1:07.3 | So I'm eating a little bit of humble pie and sharing you some of the |
| 1:11.6 | ugly details of things that happened. Total revenues, top line revenues were right at $1 million |
| 1:19.5 | across my businesses, but there is an asterisk to that. An asterisk is that is factoring in |
| 1:27.1 | a new business. So i was part of an acquisition |
| 1:30.9 | that closed on february first and the revenues on that were 250,000 dollars i'll explain more |
| 1:40.2 | about that business towards the end of the income report. But if we look at the comparison of |
| 1:45.8 | the businesses we were measuring in January compared to the businesses in February, there's about a |
| 1:51.4 | $350,000 retraction from January into February. So that hurts. March is thankfully looking much, |
| 1:58.6 | much better, but I'll explain a little bit about what happened |
| 2:02.3 | in the down month. I am getting this income report to you later than usual because I took this |
| 2:08.8 | thing called a vacation or maybe it's a yacation. It could be a soft V, but it's one of those things |
... |
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