Income Report for January 2023: Using AI, finding support, and more!
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 17 February 2023
⏱️ 23 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/income113, and IGNITE!
January 2023 Income At-A-Glance
Gross Income for January: $171,158
Total Expenses for January: $16,467
Total Net Profit for January: $154,691
Difference b/t January & December: +$21,785
% of net profit to overall gross revenue: 90%
Sponsor:
HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Boom! Shake the room, Fire Nation! JLD here and welcome to Entrepreneurs on Fire, brought |
| 0:07.4 | to you by the HubSpot Podcast Network with great shows like Success Stories. Today we |
| 0:12.9 | have a doozy of an income report we'll be talking about our monthly tax tip of what |
| 0:18.0 | accounting software you should be using. We'll talk about using AI to come up with a trade |
| 0:22.3 | mark. Is that possible? We'll talk about our interview of the month, PodFestExpo, and |
| 0:28.0 | so much more. As soon as we get back from thinking hours, buzzers! Marketing Made Simple, hosted |
| 0:34.4 | by Dr. JJ Peterson, is brought to you by the HubSpot Podcast Network, the audio destination |
| 0:39.1 | for business professionals. Marketing Made Simple brings you practical tips to make your |
| 0:43.0 | marketing work in a recent episode. Amy Porterfield shared her five email marketing secrets for |
| 0:47.6 | long-term business growth. Listen to Marketing Made Simple, wherever you get your podcasts. |
| 0:53.5 | All right, Fire Nation. We'll start today's income report with our income at a glance. Our |
| 0:59.8 | growth income for January was 171,158 dollars. Our total expenses were 16,467 for a net |
| 1:09.1 | profit of 154,691, up 21,785 dollars from last month, and a net profit overall gross |
| 1:18.0 | revenue of 90%. As I mentioned, we have a lot of cool things to talk about. We're going |
| 1:25.3 | to start with Mr. CPA on Fire himself, Ron. He is going to talk about accounting software. |
| 1:32.7 | Ron, take it away. |
| 1:34.3 | Hello, John, and hello, Fire Nation. This is Ron Parisi with CPA on Fire for your January |
| 1:41.2 | 2023 tax and accounting tip. Hey, Fire Nation, always a pleasure to be with you guys. Today, |
| 1:49.4 | we're going to be talking about accounting software is in your entrepreneurial business cycle. |
| 1:58.4 | A lot of you guys start off using Sun Pepper Spreadsheet, Excel, or Google Sheets to track |
| 2:05.6 | your financial results, your income, your expenses. At a certain point, that can bring you |
| 2:13.4 | to pretty far down the road. But once you start working with a tax professional, once you're |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from John Lee Dumas, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of John Lee Dumas and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.