Income Report for July 2019: Trip Preparation and More
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 16 August 2019
⏱️ 43 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/income71, and IGNITE!
July 2019 Income At-A-Glance
Gross Income for July: $183,659
Total Expenses for July: $30,223
Total Net Profit for July: $153,436
Difference b/t July & June: -$169,236
% of net profit to overall gross revenue: 84%
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Transcript
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| 0:00.0 | Boom shake the room fire nation JLD here with the entrepreneurs on fire July 2019 |
| 0:12.0 | income report and we have something pretty interesting to share with you today. |
| 0:19.0 | But before we dive into those specifics, let's check out the July 2019 income at a glance. |
| 0:26.0 | Our gross income for the month of July was 183,659 dollars. |
| 0:32.0 | Our total expenses for July were 30,223 dollars for a total net profit of 153,436 dollars. |
| 0:44.0 | Which gives us a net profit percentage of 84% fire nation. |
| 0:50.0 | So that's been a big focus for Kate and myself with entrepreneurs on fire is to get our net profit percentage up. |
| 0:58.0 | Meaning that we are keeping more and more of the money that we make month over month. |
| 1:03.0 | We spent a lot of times in the 60s over the past couple years, a lot of time in the 70s. |
| 1:08.0 | And I'm pretty pumped when I see a number in the 80s. |
| 1:11.0 | I'm not saying we're going to be staying here every single month because that's a pretty lean month and a pretty high percentage. |
| 1:16.0 | But in something we've definitely been looking to improve over the years. |
| 1:22.0 | And the difference between July and June was actually a negative 169,000 dollars. |
| 1:28.0 | Which actually was exactly the dollar amount that we got paid out from the first installment of our Tony Robbins launch. |
| 1:37.0 | It's actually 168,000 dollars. |
| 1:40.0 | So crazy how we made almost exactly the same amount minus that one Tony Robbins payouts from last month. |
| 1:48.0 | So quite a month. |
| 1:49.0 | It was a lot of things were happening which we're going to be talking about. |
| 1:53.0 | But as always we have Josh, we have David, we have Kate on the mic to join us. |
| 1:59.0 | And we're just going to go right down the list. |
| 2:01.0 | We're going to start with Josh. We're going to then go to David. |
| 2:03.0 | And they're going to be rocking it with Kate. We'll be talking about. |
... |
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