Income Report for October 2021: NFTs On Fire and more!
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 19 November 2021
⏱️ 17 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/income98, and IGNITE!
October 2021 Income At-A-Glance
Gross Income for October: $249,212
Total Expenses for October: $18,693
Total Net Profit for October: $230,519
Difference b/t October & September: -$34,444
% of net profit to overall gross revenue: 92%
Sponsors:
Klaviyo: The email and SMS platform built specifically to help ecommerce brands earn more money by creating genuine customer relationships. Give it a try with a free account at Klaviyo.com/fire!
Thinkific: If you've ever thought about creating an online course to reach a wider audience and make passive income, then Thinkific is the perfect partner! Learn how you can take advantage of Thinkific’s biggest deal of the year at Thinkific.com/firefriday!
Transcript
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| 0:00.0 | Boom! Shake the room, Fire Nation! JLD here and welcome to Entrepreneurs on Fire brought |
| 0:08.9 | to you by the HubSpot podcast Nowwork with Great Shows, like Being Boss. And today we |
| 0:15.6 | are talking about the income report for October 2021. We have some cool things that we're |
| 0:22.9 | going to be talking about as soon as we get back from Thank-in-Hour Sponsors. If you have |
| 0:28.4 | ever thought about making an online course to reach a wider audience and make passive |
| 0:32.2 | income, then Thinkific is the perfect partner. Learn how you can take advantage of Think |
| 0:36.7 | ific's biggest deal of the year at Thinkific.com slash Fire Friday. That's THINKIFIC.com |
| 0:46.2 | slash Fire Friday. Turn your small e-commerce business into the next big thing with Clavio. |
| 0:53.0 | Clavio is the easy to use email and SMS platform that gives you everything you need to |
| 0:57.4 | build genuine relationships with your customers. Give it a try with a free account at clavio.com |
| 1:03.4 | slash Fire. That's KLA-VI-O.com slash Fire. All right Fire Nation, welcome back to the |
| 1:11.4 | Entrepreneurs on Fire Income Report for October 2021. Our gross income for October was $249,212. |
| 1:23.4 | All expenses were $18,693 for a net profit of $230,519 for a $34,444 decrease from September. |
| 1:38.2 | But our net profit percentage to overall gross revenue was a staggering 92%. I don't know |
| 1:44.9 | how much longer we can keep this up for, but it do feel good. In today's Fire Nation, |
| 1:50.3 | we get some cool things we'll be chatting about. Now, our CPA on Fire, Josh Barely, is in |
| 1:56.2 | the middle of a big move right now. So he did write up an amazing monthly tax tip, but |
| 2:02.2 | he wasn't able to get to the audio version of this. So I'm going to go ahead and provide |
| 2:07.0 | the audio for today's monthly tax tip. And today we'll be talking about consideration |
| 2:12.6 | when hiring a new tax or accounting professional. And of course, Fire Nation, you can get all |
| 2:18.3 | the details, images, and everything that we're talking about at eofire.com slash income |
| 2:24.8 | 98. Somehow Fire Nation, we are nearing the end of yet another year. I know year end brings |
... |
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