October 2024 Income Report
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 22 November 2024
⏱️ 22 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/income134, and IGNITE!
October 2024 Income At-A-Glance
Gross Income for August: $140,470
Total Expenses for August: $10,867
Total Net Profit for August: $129,603
Difference b/t August and July: +$30,918
Percentage of net profit to overall gross revenue: 92 percent
Sponsors
HubSpot Making your life easier. Getting you results faster. And better connecting you to all your data, all in one place. Start making major moves with HubSpot. Visit HubSpot.com/marketers to learn more
FranBridge Many EOFire listeners have launched franchises in a variety of industries outside of food – and FranBridge Consulting has guided them to these premier opportunities! Sign up for a free consultation with Jon - or get a free copy of his book, Non-Food Franchising - at FranBridgeConsulting.com
Transcript
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| 0:00.0 | Boom, shake of the room, Fire Nation. JLD here and welcome to Entrepreneurs on Fire, |
| 0:07.1 | brought to you by the HubSpot Podcast Network, the audio destination for business professionals |
| 0:11.8 | with great shows like marketing made simple. |
| 0:14.5 | Today we are breaking down the income report from October of 2024. |
| 0:20.1 | We had quite the month, a lot of fun things going on, and we will |
| 0:23.3 | dive into all of that and more when we get back from thanking our sponsors. DTC Pod, hosted by |
| 0:30.7 | Ramon Berrios and Blaine Bolus, is brought to you by the HubSpot Podcast Network, the |
| 0:35.4 | audio destination for business professionals. DTC Pod |
| 0:38.2 | is a podcast about all things direct to consumer. Ramone and Blaine cover everything from starting, |
| 0:43.5 | growing, and optimizing e-commerce stores in DTC brands. If you're interested in the stories behind |
| 0:48.0 | your favorite consumer brands, this podcast is for you. One recent episode on how the best brands |
| 0:53.4 | are built is a must listen. Listen to |
| 0:55.8 | DDC pod wherever you get your podcasts. Many EOFIRE listeners have launched non-food franchises |
| 1:02.8 | and Frambridge consulting has guided them. Frambridge's founder and frequent EO fire guest, |
| 1:07.3 | John Ossinson, has done more placements than any other in the country and his service |
| 1:11.3 | is free. Sign up for a consultation with John or get a free copy of his book, non-food franchising, |
| 1:17.4 | at franbridgeconsulting.com. All right, Fire Nation, quite a month of travel for us, but we still |
| 1:26.3 | managed to do a gross income of $140,000 for the |
| 1:30.5 | month of October. Our total expenses were $10,867 for a total net profit of $129,603 with a 30% increase |
| 1:40.3 | from last month with a net profit to overall gross revenue of 92%. |
| 1:45.1 | We're going to talk about Joshua Tree for anybody that might know what that means. |
| 1:49.6 | We're also going to talk about a fantastic event that I both spoke at and attended alongside |
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