July 2023 Income Report: Montana Mastermind, and more!
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 18 August 2023
⏱️ 19 minutes
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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/income119, and IGNITE!
July 2023 Income At-A-Glance
Gross Income for July: $138,973
Total Expenses for July: $15,953
Total Net Profit for July: $123,020
Difference b/t July and June: -$32,698
Percentage of net profit to overall gross revenue: 89 percent
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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, brought |
| 0:07.4 | to you by the HubSpot podcast that worked the audio destination for business professionals |
| 0:11.6 | with great shows like Success Story. Today is the income report for July of 2023, and we have |
| 0:20.5 | a lot to talk about that includes the wilderness of Montana. All that and more when we get back |
| 0:27.1 | from thanking our sponsors. The Gold Digger podcast hosted by Jenna Koocher is brought to you by |
| 0:33.2 | the HubSpot podcast network, the audio destination for business professionals. The Gold Digger podcast |
| 0:37.9 | helps you discover your dream career with productivity tips, social strategies, business hacks, |
| 0:42.0 | inspirational stories, and so much more. One of my favorite recent episodes is titled How I've |
| 0:46.0 | built an unmatched team culture, an insanely important topic for all business owners to dive into. |
| 0:51.2 | Listen to Gold Digger wherever you get your podcasts. All right Fire Nation, we are back, |
| 0:57.7 | we are on fire and our July 2023 income at a glance is as follows. Our gross income from July |
| 1:04.9 | was $138,973. Our total expenses were $15,953 for a net profit of $123,020 for a $32,698 |
| 1:19.2 | dollar less difference than June, but our net profits to overall gross revenue percentage was 89 |
| 1:26.3 | percent. Loving these numbers. Definitely focusing on those as we go forward. And Fire Nation, |
| 1:32.1 | we have a lot to talk about today. As I mentioned in the intro, we've got our tax tip. We've got |
| 1:37.7 | our legal tip. We've got the Montana wilderness and more. And we're going to kick off with |
| 1:43.9 | Ron's Mr. CPA on Fire himself, his monthly tax tip, which is a mid-year check-in. So Ron, take it away. |
| 1:53.0 | Hello John and hello Fire Nation. This is Ron Perisi with CPA on Fire coming at you with your July |
| 2:01.2 | 2023 tax and accounting tip. Hey, this month Fire Nation, we're going to be doing a check-in |
| 2:08.8 | for you entrepreneurs, business owners, side hustlers. I thought it would be a good time, right? |
| 2:15.6 | So June 30th, just a month away, everybody should have their six months in the can, as they say, |
| 2:24.8 | with your accounting and financial statements. Should have a pretty good idea how the first half |
... |
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