November 2024 Income Report
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 20 December 2024
⏱️ 30 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/income135, and IGNITE!
November 2024 Income At-A-Glance
Gross Income for November: $96,482
Total Expenses for November: $12,399
Total Net Profit for November: $84,083
Difference b/t November & October: -$45,520
Percentage of net profit to overall gross revenue: 87 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. |
| 0:07.5 | Brought to you by the HubSpot Podcast Network, the audio destination for business professionals |
| 0:11.6 | with great shows like this old marketing. Today we're talking with our accountant about |
| 0:15.6 | why tax planning is critical. We're also talking with our lawyer about how to leave an LLC. |
| 0:19.9 | And I'm also announcing |
| 0:21.3 | the launch of a new daily show that I've created over on YouTube called Micro Strategy Today. |
| 0:27.5 | Very excited about that. As soon as we get back from thinking our sponsors. |
| 0:32.8 | The next wave, your chief AI officer hosted by Matt Wolf and Nathan Lance, is brought to you by the |
| 0:37.7 | HubSpot Podcast Network, the audio destination for business professionals. |
| 0:41.7 | AI technology is transforming the way we do business and the media landscape is fragmented. |
| 0:46.3 | The Next Wave strives to be the leading podcast on AI technology and how you can apply it |
| 0:50.4 | to growing your business. Listen to the next wave wherever you get your podcasts. |
| 0:55.9 | Looking for an easier, safer way to manage passwords than a million post-it notes, welcome to |
| 1:01.1 | LastPass, the most accessible and easy-to-use password manager on the planet's visit |
| 1:06.5 | LastPass.com slash fire for a free trial and get started today. Every login lives in LastPass. |
| 1:14.5 | All right, Fire Nation, let's kick off today's income report in style with our gross income from |
| 1:19.4 | November at $96,482. Our total expenses were $12,399 for a net profit of $84,083.83. A percentage of net profit to overall gross |
| 1:31.1 | revenue was 87%. And Fire Nation, we're going to move it over to Ron and Mr. CPA on fire himself, |
| 1:38.4 | who's going to be talking about navigating uncertainty, why tax planning is critical. So Ron, take it away. |
| 1:45.2 | Hello, John, and hello, Fire Nation. This is Ron Perisi with CPA on Fire for your November, |
| 1:52.0 | 2004 Tax and Accounting Tip. Hey, Fire Nation, hope everybody's doing well as we polish off |
| 1:59.9 | another year for 2024. |
... |
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