Income Report for May 2019: Tony Robbins' KBB Launch and More
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 14 June 2019
⏱️ 57 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/income69, and IGNITE!
May 2019 Income At-A-Glance
Gross Income for May: $178,218
Total Expenses for May: $36,458
Total Net Profit for May: $141,760
Difference b/t May & April: +$4,960
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Transcript
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| 0:00.0 | Boom shake the room fire nation JLD here with the income report for May 2019. |
| 0:12.0 | We're going to be talking about a lot of awesome stuff today. |
| 0:14.9 | Our Tony Robbins launch our updates to podcasters paradise. |
| 0:19.3 | Of course we have Josh and David to give a tax and legal tip case can be dropping some |
| 0:24.0 | value bombs and so much more so stick around for that and we'll be diving in to everything. |
| 0:29.0 | As soon as we get back from thinking our sponsor. |
| 0:32.4 | Looking for a place you can go where hiring is simple, fast and smart. |
| 0:37.2 | That place is zip recruiter and right now you can try zip recruiter for free at zip recruiter.com slash fire. |
| 0:44.6 | That's zip recruiter dot com slash fire zip recruiter the smartest way to hire. |
| 0:50.8 | All right fire nation we had a killer month in May our gross income was $178,000. |
| 0:58.7 | Our expenses were 36k bringing us a total net profit of $141,000 which was $4,000 almost $5,000 more |
| 1:09.0 | than April so a little increase there and a lot of great stuff to talk about today as I mentioned |
| 1:15.6 | in the intro so really cool stuff make sure you stick around for this we're going to have a lot |
| 1:20.2 | of fun during this income report and we're going to start off with Josh Bauerle's monthly tax tip |
| 1:28.2 | in this tax tip is are my workers employees or contractors and fire nation this is something |
| 1:34.0 | that we've had to deal with over the years so make sure you get this right get out of pen in a |
| 1:39.2 | pencil and a pad of paper and all of those things and listen to Josh's tax tip Josh brother take |
| 1:46.5 | away all right John this is a question that comes up with business owners all the time it's |
| 1:51.2 | something that you and Kate even asked me from time to time and frankly it's something that a lot |
| 1:56.8 | of business owners don't even know that they should be asking so it's something that we try to cover |
| 2:00.9 | at least once a year on these income reports and that is are my workers the people working for me |
| 2:06.0 | are they employees or are they contractors and this is an extremely important question because |
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