INCOME REPORT January 2021
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 19 February 2021
⏱️ 39 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/income89, and IGNITE!
January 2021 Income At-A-Glance
Gross Income for January: $198,657
Total Expenses for January: $21,058
Total Net Profit for January: $177,599
Difference b/t Jan & Dec: -$1,012
% of net profit to overall gross revenue: 89%
Sponsors:
ZipRecruiter: Let ZipRecruiter take hiring off your plate so you can focus on growing your business. Try ZipRecruiter for free at ZipRecruiter.com/fire!
Flippa: The world's leading marketplace to buy and sell digital real estate. Get access to a FREE instant valuation for your business at Flippa.com/fire!
Transcript
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| 0:00.0 | Boom shake the room fire nation J L D here with the January 2021 income report for entrepreneurs |
| 0:11.8 | on fire. |
| 0:13.2 | Our gross income for January was $198,657. |
| 0:19.0 | Our total expenses were just a hair over 21k for a total net profits in January of $177,500 |
| 0:27.3 | $99 for a crazy close difference between January and December of negative $1,012 and giving |
| 0:35.4 | us a percentage of net profit to overall gross revenue of 89%. |
| 0:39.9 | We almost hit that magical and almost unhittable 90% plus mark which we've only done twice |
| 0:46.3 | in eight years in fire nation. |
| 0:49.0 | Today we're going to be talking about a lot of awesome things. |
| 0:52.0 | You're going to have your tax questions answered by Josh of CPA on fire. |
| 0:56.9 | You're going to have disclaimers and liability waivers for your online programs talked |
| 1:01.3 | about by David and Lizard Bram, our entrepreneur on fire legal counsel and so much more. |
| 1:08.5 | When we get back from thinking our sponsors, Flipah is the world's leading marketplace |
| 1:14.0 | to buy and sell digital real estate, including websites, e-commerce stores, SaaS businesses, |
| 1:18.7 | apps and other online businesses. |
| 1:21.1 | Get access to a free instant valuation plus insights on how to improve sellability for your |
| 1:26.2 | business at flipah.com slash fire. |
| 1:30.4 | Hiring is challenging, especially with everything else you have to consider today, but there's |
| 1:34.0 | one place where hiring is simple, fast and smart. |
| 1:36.8 | That place is zip recruiter. |
| 1:38.6 | Try zip recruiter for free at zipacutor.com slash fire. |
| 1:42.6 | That's zip recruiter.com slash fire. |
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