INCOME REPORT June 2020
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 24 July 2020
⏱️ 51 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/income82, and IGNITE!
June 2020 Income At-A-Glance
Gross Income for June: $171,682
Total Expenses for June: $39,540
Total Net Profit for June: $132,142
Difference b/t June & May: -$68,809
% of net profit to overall gross revenue: 77%
Sponsor:
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Transcript
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| 0:00.0 | What's shaken fire nation J L D here with entrepreneurs on fires June 2020 |
| 0:11.7 | income reports in this past month fire nation was quite an interesting one we |
| 0:18.3 | had a total gross income for June of $171,682 our total expenses were 39,540 |
| 0:28.5 | for a total net profit of $132,142 with a percentage of net profit at 77% so |
| 0:39.5 | not over the 80% mark where we'd like to be but pretty darn close and fire |
| 0:44.4 | nation today we're gonna be talking about the benefits of an S corporation with |
| 0:48.5 | our CPA Josh we'll also be talking about a big huge virtual mastermind event |
| 0:55.3 | the Kate and I were a part of we're talking about the winning choice for the |
| 1:00.0 | cover of a my book this coming out in the spring of 2021 the common path to |
| 1:05.3 | uncommon success and then we'll share some details on the newest addition to our |
| 1:10.4 | family all that more fire nation when we get back from thinking our sponsors |
| 1:15.8 | looking for a business coach who has helped thousands of entrepreneurs just |
| 1:19.6 | like you to increase their profitability by an average of 104% per year all for |
| 1:24.9 | less money than it would cost to hire a full-time minimum wage employee |
| 1:28.2 | schedule your free consultation today with Clay Clark at thrive time show dot com |
| 1:33.6 | slash fire thrive time show dot com slash fire all right fire nation we have quite |
| 1:40.6 | the income report this month for you as I shared at the beginning we have all |
| 1:47.1 | those teasers will be going over I share the income at a glance which will be |
| 1:51.0 | going into detail on in just a bit but right now we're gonna pass it over to |
| 1:56.1 | mr cpa on fire himself Josh for his June tax tip the potential tax benefits of |
| 2:03.8 | an S corporation and fire nation you want to know about these tax benefits Josh |
| 2:10.1 | take it away so john we have talked about the potential tax benefits of an S |
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