Income Report for July 2021: Maine, Podcast Movement, and more!
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 20 August 2021
⏱️ 28 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/income95, and IGNITE!
July 2021 Income At-A-Glance
Gross Income for July: $280,608
Total Expenses for July: $18,935
Total Net Profit for July: $261,673
Difference b/t July & June: +$86,370
% of net profit to overall gross revenue: 93%
Sponsors:
Kevin Anderson & Associates: Are you finally ready to publish a book the right way? For a limited time, KAA is offering Fire Nation a free 90-min consultation to discuss writing and publishing your book! Visit KAWriting.com/fire to book yours today!
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Transcript
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| 0:00.0 | Boom shake the room fire nation J L D here and welcome to entrepreneurs on fires July 2021 |
| 0:12.0 | income reports. We have a doozy for you today. Our gross income for July was $280,608. Our |
| 0:20.9 | total expenses were $18,935 for a net profits of $261,673 for an $86,000 increase from the month prior |
| 0:33.2 | and the most crazy thing is we did break a personal record with our percent of net profit to overall |
| 0:38.3 | gross revenue at 93%. Only 18,000 plus expenses for over $280,000 of gross income. So one of our |
| 0:48.9 | major focuses we are super stoked about that number and today fire nation will be talking with our |
| 0:54.6 | accountant Josh about IRS and tax audits super important. We'll also be talking with our lawyer |
| 1:00.9 | about terms of use and privacy policies. One is at time to update yours if you have them and if |
| 1:06.6 | you don't, one is at time to implement them. The time is right now by the way and we will get into |
| 1:11.2 | our very fun month in Maine where we took an epic trip visited a lot of family were all over the |
| 1:16.8 | place and had an absolute blast and we had some killer pictures and then of course Kate's going |
| 1:22.5 | to talk about putting in the reps to bring us home after I give you the total income breakdown |
| 1:27.7 | where the money came from the expenses all that jazz when we get back from thinking our sponsors. |
| 1:34.5 | Ever considered starting your own business helium 10 can help with helium 10 you can become a |
| 1:39.8 | seller on Amazon the world's largest online retail sites with minimal startup costs. Learn more |
| 1:45.0 | about helium 10 plus get 50% off your first month of a helium 10 platinum account when you visit |
| 1:50.7 | helium 10 dot com slash fire. Fire Nation are you finally ready to publish a book the right way |
| 1:57.5 | Kevin Anderson and associates can help for a limited time. They're offering fire nation a free 90 |
| 2:02.7 | minute consultation to discuss writing and publishing your book in just six months. Visit K a |
| 2:08.9 | writing dot com slash fire to schedule your free 90 minute consultation today that's K a writing |
| 2:15.2 | dot com slash fire. All right, all right, fire nation. We have a doozy of an income report for |
| 2:21.4 | you here today. Lots of learnings lots of awesomeness. So let's start off with Josh Barley, |
... |
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