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/income76, and IGNITE!

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Resources

CPAonFire.com – Accounting, Tax & CFO Services for Entrepreneurs.

Think Like an Expert Challenge – Get ready to turn your existing knowledge into a profitable business! (Challenge is closed!)

How to Plan your Goals for the New Year

What’s Next and Looking Back at 5 Years on Kate’s Take

Ditch Busy: Make Overwhelm a Thing of the Past!

3 Value Bombs

1) A key to planning your goals? Taking time to reflect on where you’ve been and the many lessons you’ve learned over the past 3, 6, 9 months.

2) Stop and truly evaluate what you can commit to before accepting opportunities so you don’t end up feeling overwhelmed by your workload and schedule.

3) You don’t have to have all the answers to get started. You just have to get started.

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Show Notes

**Click the time stamp to jump directly to that point in the episode.

[2:08] – Income review from JLD

• Gross Income for Dec: $184,157
• Total Expenses for Dec: $52,942
• Total Net Profit for Dec: $131,215
• Difference b/t Dec & Nov: +$23,747
• % of net profit to overall gross revenue: 71%

[2:30] – Monthly tax tip from CPA On Fire, Josh Bauerle

•  Should I pay my kids in my business?
• Tune in to hear from Josh, cause there are pluses and definitely a few things to look out for!
• Reach out to Josh anytime: Josh@CPAOnFire.com

[8:28] – What went down at the Entrepreneurs On Fire studios in December

[8:30] – You up for the Challenge?

• We’ve never done something like this before! Very exciting diving into something brand new…
• We’re teaming up with Jill & Josh Stanton of Screw the Nine to Five
• Think Like An Expert Challenge – 5 day challenge inside of a private Facebook Group (Challenge is closed!)
• The goal: help you turn your existing knowledge into a profitable business

[15:45] – How to Plan Your Goals for the New Year

• Kate talks about the importance of reflection when planning your goals
• There are so many lessons learned we’re able to uncover by reflecting back
• Kate’s talk about continuing to focus on the BIG 5
• Check out all the details in our post on planning your goals for the New Year!

[20:00] – Looking Back at 5 Years of Kate’s Take

• It’s critical to stop and appreciate the growth you’ve experienced and how far you’ve come – and celebrate that!
• Evaluate what you can commit to so you don’t end up feeling overwhelmed by your workload and schedule
• Dive deep into what’s next for Kate, plus get that look back on 5 years with Kate’s Take!
• Kate’s new podcast is LIVE! Ditch Busy: Make Overwhelm a Thing of the Past!

[27:00] – Thanks to our sponsors, ZipRecruiter & Eight Sleep!

[29:00] – Income breakdown from JLD

• Gross Income for Dec: $184,157
• Total Expenses for Dec: $52,942
• Total Net Profit for Dec: $131,215
• Difference b/t Dec & Nov: +$23,747
• % of net profit to overall gross revenue: 71%

[31:40] – Our Biggest Lesson Learned in December: Consistent and Focused Action Equals Results

• Kate used The Podcast Journal to help launch her podcast, Ditch Busy!
• She shared a Facebook Live video in the Podcasters’ Paradise group every day to share her journey with the community.
• You don’t have to have all the answers to get started. You just have to get started.

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

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