Income Report for May 2023: We're expecting!, Our 23-day River Cruise, and more!
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 16 June 2023
⏱️ 40 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/income117, and IGNITE
May 2023 Income At-A-Glance
Gross Income for May: $173,293
Total Expenses for May: $19,065
Total Net Profit for May: $154,228
Difference b/t May & April: -$11,465
Percentage of net profit to overall gross revenue: 89 percent
Sponsors
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NetSuite Take advantage of their special financing offer today! Defer payments of a full NetSuite implementation for six months - no interest, no payments. Visit NetSuite.com/fire to get the visibility and control you need to weather any storm!
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Transcript
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| 0:00.0 | Boom! Shake the room, Fire Nation! JLD here and welcome to Entrepreneurs on Fire. |
| 0:07.6 | Brought to you by the HubSpot Podcast Network, the audio destination for business professionals |
| 0:12.9 | with great shows like Finding Founders. In today Fire Nation, we are talking about the Entrepreneurs |
| 0:19.8 | on Fire. Income report for May 2023. We have a lot of great things to talk about coming from our |
| 0:27.3 | lawyer, our CPA, and of course, myself and Kate have some value bombs to drop as soon as we get |
| 0:33.6 | back from thank-in hours. Sponsors! One of my favorite conferences to attend each year is HubSpots |
| 0:41.0 | Annual Inbound Conference and is coming up fast. Join us in Boston from September 5th to the 8th, |
| 0:47.2 | 2023 for an event like no other. Inbound brings together leaders across the business space, |
| 0:53.6 | including sales, marketing, customer success, and operations teams, the goal at Inbound to help |
| 0:59.3 | you discover all the latest trends and tactics you can implement in your business right now, |
| 1:05.4 | learn, be inspired, and walk away with practical tips to help you tackle your next challenge, |
| 1:10.6 | supercharge your sales and marketing and ignite your customer service. Inbound is featuring |
| 1:16.1 | many must-see speakers this year, including Reese Witherspoon, Guy Ross, and Neil Patel, |
| 1:21.4 | just a name of you. Whether you choose a general admission ticket or go the VIP route, |
| 1:26.1 | you're sure to leave Boston feeling on fire. Visit inbound.com to get your ticket today. |
| 1:33.7 | If you've been sizing NetSuite up to make the switch, then take advantage of their special |
| 1:38.0 | financing offer today. Defer payments of a full NetSuite implementation for six months, |
| 1:43.2 | no interest, no payments. Visit NetSuite.com slash fire to get the visibility and control you need |
| 1:48.8 | to weather any storm. That's NetSuite.com slash fire. |
| 1:54.8 | All right, Fire Nation. Let's get rolling with our income at a glance. Our gross income from May |
| 2:00.4 | was $173,293. Our expenses were $19,065 for a net profit of $154,228. In $11,000 drop from April, |
| 2:17.0 | but I will say our net profit overall gross revenue was 89%, so close to that goal of 90 plus |
... |
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