May 2024 Income Report
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 21 June 2024
⏱️ 34 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/income129, and IGNITE!
May 2024 Income At-A-Glance
Gross Income for May: $194,452
Total Expenses for May: $12,327
Total Net Profit for May: $182,125
Difference b/t May and April: +$64,207
Percentage of net profit to overall gross revenue: 94 percent
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Transcript
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| 0:00.0 | Boom Shake the room Fire Nation, JLD here and welcome to |
| 0:06.3 | entrepreneurs on fire brought to you by the HubSpot Podcast Network, the |
| 0:10.0 | audio destination for great podcast like the product boss. |
| 0:13.7 | Today we are talking about the income report for May of 2024 and we have some really fun things |
| 0:19.4 | to chat about today on this episode when we get back from thanking our sponsors. |
| 0:26.0 | Hustle and flowchart hosted by Joe Fear is brought to you by the HubSpot Podcast Network, |
| 0:30.0 | the audio destination for business professionals. |
| 0:32.8 | Join Joe as he discusses systems, mindset tweaks, reframes, |
| 0:35.8 | and strategies to help you build a business that gives you freedom and fuel |
| 0:39.0 | for your life. |
| 0:40.0 | A recent episode on using AI for effortless content creation is a must listen. |
| 0:44.0 | Listen to Hustle and Flowchart wherever you get your podcast. |
| 0:47.8 | All right Fire Nation, we are back and we are ready for a fantastic episode and we're going to start with the |
| 0:53.8 | income at a glance our gross income for May was a hundred and ninety four thousand |
| 0:57.9 | four hundred and fifty two dollars our total expenses were twelve thousand three hundred |
| 1:01.8 | twenty seven dollars our total net profit was a expenses were $12,327. |
| 1:03.2 | Our total net profit was $182,125, |
| 1:07.6 | which is a $64,000 increase between April and May |
| 1:12.1 | for a percentage of net profit, |
| 1:13.7 | overall gross revenue of 94%. |
| 1:16.8 | If I'm not mistaken, that is our highest percentage yet, |
| 1:20.7 | so we are fired up about that. And we have a lot to talk about we are going to start |
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