INCOME REPORT February 2021
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 26 March 2021
⏱️ 38 minutes
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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/income90, and IGNITE!
February 2021 Income At-A-Glance
Gross Income for February: $160,883
Total Expenses for February: $17,067
Total Net Profit for February: $143,816
Difference b/t Feb & Jan: -$33,783
% of net profit to overall gross revenue: 89%
Sponsors:
Thinkific: Launch your own online course and share your knowledge with the world - today! Visit Thinkific.com/eof!
Athletic Greens: Visit AthleticGreens.com/fire and join health experts, athletes and health conscious go-getters around the world who make a daily commitment to their health.
Transcript
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| 0:00.0 | Boom shake the room fire nation J L D here with the entrepreneurs on fire income report |
| 0:10.7 | for February 2021. Our gross income for February was $160,883. Our total expenses were $17,000 |
| 0:21.6 | and $67 for a total net profit of $143,816, which gives us a percentage of net profit to overall |
| 0:29.7 | gross revenue of 89%. Once again, we're so close to that magical 90% tile. Maybe next month, |
| 0:37.0 | but actually it won't be next month and maybe we'll talk about why because we have some things to |
| 0:41.2 | share. We've got Josh's monthly tax set, which is going to be really cool when you're doing some |
| 0:46.0 | deep dives into PPP and the EIDL funds stimulus checks unemployment. We're talking about interviews, |
| 0:55.0 | interviews and more interviews. We'll also talk about our funnel that we set up for our book launch, |
| 1:01.1 | the common path on common success and some other amazing things as soon as we get back from |
| 1:06.4 | thinking our sponsors online training is skyrocketing across every industry and thousands of |
| 1:12.6 | entrepreneurs just like us are using Thinkific to create market and sell online courses, |
| 1:18.0 | launch your own online course and share your knowledge with the world today. Get started at |
| 1:23.6 | thinkific.com slash E-O-F. That's THIN K-I-F-I-C dot com slash E-O-F. |
| 1:33.5 | All right, Fire Nation. We have quite the income report for you. We got Josh coming on the |
| 1:40.0 | micro right now to talk about the PPP, the EIDL funds, the stimulus checks unemployment and so |
| 1:46.1 | much more so Josh take it away. All right, Fire Nation. I know we are all tired of hearing words |
| 1:52.5 | like unprecedented and crazy and constant change and everything we've had to talk about over the last |
| 2:00.1 | year. But like the rest of the world, the tax world has also seen basically never ending change |
| 2:07.7 | over the last year due to COVID. And unfortunately that doesn't even change right in the middle of |
| 2:13.9 | tax season because as I'm reading this, the house is set to vote on a bill that's not only going to |
| 2:20.4 | provide another round of stimulus and other massive changes to our personal and business finances, |
| 2:25.7 | but it would also change the tax code retroactively for 2020. All right, so meaning if you've already |
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