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Entrepreneurs on Fire

INCOME REPORT March 2021

Entrepreneurs on Fire

John Lee Dumas

Business, Careers, Entrepreneurship

4.84.1K Ratings

🗓️ 16 April 2021

⏱️ 48 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/income91, and IGNITE!

March 2021 Income At-A-Glance

Gross Income for March: $313,386

Total Expenses for March: $120,539

Total Net Profit for March: $192,847

Difference b/t Mar & Feb: +$49,031

% of net profit to overall gross revenue: 62%

Sponsors:

Thrivetime Show: Looking for a business coach who has helped thousands of entrepreneurs just like you to increase their profitability by an average of 104% per year? Schedule your free consultation today with Clay Clark at ThrivetimeShow.com/fire!

ZipRecruiter: When you post a job on ZipRecruiter, their matching technology finds qualified candidates and invites them to apply! Try it for free at ZipRecruiter.com/fire.

Transcript

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0:00.0

Boom shake the room fire nation J L D here with the entrepreneurs on fire March 2000 and

0:11.2

21's income reports.

0:14.6

And this month was a doozy fire nation.

0:17.1

Our gross income from March was $313,386.

0:22.6

Our income our expenses sorry were actually kind of up there this month.

0:27.0

$220,539.

0:30.0

And our total net profit for the month of March was $192,847, which was almost a $50,000

0:38.8

increase between February and March.

0:41.9

Our net profit overall gross revenue was down to 62%.

0:45.3

There's a reason why it was that low were usually in the high 70s to 80s.

0:51.6

But there's a reason for that which we're going to get to.

0:53.8

Of course, as always, we have Josh and David on the mic.

0:58.3

Josh is going to be talking about what the tax benefits are of living in Puerto Rico.

1:02.7

So if you want Mr. CPA on fire himself to tell you a little bit about tax benefits

1:07.4

of living in Puerto Rico, stick around.

1:09.9

David Lizarbram is going to talk about NFTs.

1:12.8

That's non fungical tokens and copyright law.

1:16.9

And if you haven't heard of NFTs yet, they are literally on fire right now.

1:22.2

And then Kate and I are going to dive all into our launch month, which was the month of

1:26.6

March.

1:27.7

And so much more when we get back from thinking our sponsors.

1:32.3

Looking for a business coach who has helped thousands of entrepreneurs just like you to

...

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