Income Report for December 2021: Our second half of the year in review!
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 14 January 2022
⏱️ 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/income100, and IGNITE!
December 2021 Income At-A-Glance
Gross Income for December: $217,486
Total Expenses for December: $20,238
Total Net Profit for December: $197,248
Difference b/t December & November: +$14,959
% of net profit to overall gross revenue: 91%
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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's December |
| 0:09.9 | 2021 income reports. December's gross income was $217,486. Our total expenses were $20,238 |
| 0:24.6 | total net profit for December of $197,248 for an increase of just under $15,000 from December |
| 0:36.2 | and November. And our percentage of net profit overall gross revenue was 91%. We just have continued |
| 0:43.9 | to dial in our expenses at such an awesome rates. I'm loving this. And I hope Fire Nation that you |
| 0:51.2 | are seeing the value of keeping the money you make. You can make all the money in the world, |
| 0:57.4 | but at the end of the day, it's what you keep. And we're going to be talking about a lot of |
| 1:01.8 | cool things today. We have our CPA on Fire, Ron in the house. He's going to be talking about what |
| 1:06.8 | to consider when selling your business or your podcast. There's some cool things there that I'm |
| 1:11.9 | definitely taking notes on. We'll also be talking about what went down in the second six months |
| 1:17.2 | of 2021. We'll break down each month from July all the way to December. We talked about a lot |
| 1:24.4 | of cool things. Plus, let's not forget Kate's takeaway at the end of every episode, which is her |
| 1:31.5 | biggest lesson learned. And this one's a great one. So stick around for that. And so much more when |
| 1:36.3 | we get back from thinking our sponsors. Have you ever thought about what it takes to make you |
| 1:41.9 | profit by selling content online? Then you need to join Amplify with Thinkific. This |
| 1:47.2 | free event features 30 plus expert creators who will show you how to make revenue selling content |
| 1:52.0 | online. Visit thinkific.com slash amplify to RSVP for free. The My First Million podcast features |
| 2:00.0 | famous guests, discusses how companies made their first million in brainstorms new business ideas |
| 2:04.1 | based on the hottest trends and opportunities in the marketplace. One recent app was all about how |
| 2:08.3 | venture capitalists make money. Listen to my first million wherever you get your podcasts. |
| 2:13.0 | All right, Fire Nation. We are ready to kick into things this month. And again, we're going to |
| 2:18.9 | start with Ron of CPA on fire for his tax tip. What to consider when selling your business or |
... |
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