Income Report for June 2022: A West Coast Adventure and more!
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 15 July 2022
⏱️ 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/income106, and IGNITE!
June 2022 Income At-A-Glance
Gross Income for June: $176,198
Total Expenses for June: $14,896
Total Net Profit for June: $161,302
Difference b/t June & May: -$64,009
% of net profit to overall gross revenue: 92%
Sponsors:
HubSpot: Customer expectations are at an all-time high, and making things easy is how you'll win. Learn more about how HubSpot can help your business grow better at HubSpot.com.
Thinkific: Download your free report that reveals what the top 20% of course creators are doing right now to be so darn successful at Thinkific.com/firetrends!
Transcript
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| 0:00.0 | Boom, shake the room, Fire Nation, JLD here and welcome to entrepreneurs on fires. |
| 0:08.0 | June, 2022 income report brought to you by the HubSpot podcast network with great shows, |
| 0:14.9 | like my first million. |
| 0:16.8 | In today's Fire Nation, we will be bringing on our CPA on fire to talk about future proofing |
| 0:21.4 | your business for uncertain times. |
| 0:23.6 | We're going to be talking about keeping your financials current, cash management, dynamic |
| 0:27.7 | budgets, writing out your plans, very important stuff. |
| 0:31.4 | We're also going to be talking about our interview of the month, Kate and I's great trip to |
| 0:35.9 | Yosemite and San Francisco and so much more when we get back from thinking our sponsors. |
| 0:43.1 | Still think you can create an online course the same way you did five years ago. |
| 0:47.2 | Think again, Thinkific has looked at the top 20% of course creators to see what they're |
| 0:51.4 | doing now to be so darn successful. |
| 1:00.0 | Business Made Simple hosted by Donald Miller takes the mystery out of growing your business. |
| 1:04.4 | Recent episodes like how to attract and retain top talent and how to make more money with |
| 1:08.7 | your current products are straight fire. |
| 1:11.8 | Listen to Business Made Simple wherever you get your podcasts. |
| 1:15.9 | Alright, Fire Nation. |
| 1:17.5 | We have a lot to get you today, so let's dive right into our June 2022 income at a glance. |
| 1:23.9 | Our gross income for June was $176,198. |
| 1:28.7 | Our expenses were 14,896 for a total net profit of $161,302 for a difference between June |
| 1:37.7 | and May of negative $64,09. |
| 1:41.0 | However, our percentage of net profit overall gross revenue was at 92%. |
... |
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