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Entrepreneurs on Fire

Income Report for June 2021: Podcast Movement, Funnel Hacking Live, and more!

Entrepreneurs on Fire

John Lee Dumas

Careers, Entrepreneurship, Business

4.84.1K Ratings

🗓️ 16 July 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/income94, and IGNITE!

June 2021 Income At-A-Glance

Gross Income for June: $193,420

Total Expenses for June: $18,117

Total Net Profit for June: $175,303

Difference b/t June & May: +$53,777

% of net profit to overall gross revenue: 91%

Sponsors:

ZipRecruiter: When you post a job on ZipRecruiter, their matching technology finds qualified candidates and invites them to apply! Try it for free at ZipRecruiter.com/fire.

Thinkific: It's time to stop trading time for money and start reaching more clients and making a bigger impact - with online courses! Try Thinkific for free today at Thinkific.com/eof.

Transcript

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0:00.0

Boom shake the room fire nation JLD here and welcome to entrepreneurs on fires June 2021

0:12.0

income reports.

0:14.0

We have some really cool things to share with you today, but first our income at a glance,

0:19.3

our gross income for June was $193,420.

0:24.2

Our total expenses were 18,117 for a total net profit of $175,000.

0:33.5

That gave us a percentage of net profit to overall gross revenue of 90.6%.

0:39.7

So let's round up to 91%.

0:42.7

Just amazing.

0:44.0

We've only hit 90%.

0:45.4

I think once in the past maybe twice.

0:48.5

So definitely loving that percentage of net profit to our overall gross revenue.

0:54.1

That's something we definitely focus on.

0:56.4

And today for our nation we're talking about what is the child tax credit.

1:00.9

And of course to talk about that we have Josh Barley of CPA on fire.

1:05.2

And we're also going to be talking about a pretty exciting keynote from somebody from entrepreneurs

1:10.9

on fire and no not me.

1:14.0

Somebody sharing the stage with Mark Cuban.

1:15.7

And then we'll be talking about somebody sharing the stage with Tony Robbins in September

1:20.0

who will be me and some other really cool things when we get back from thinking our sponsors.

1:26.7

Fire Nation is time to stop trading time for money and start reaching more clients

1:30.4

and making a bigger impact.

1:32.2

And you can do just that with online courses.

...

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