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/income70, and IGNITE!
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Resources
JemFoundation.org: Josh and Courtney’s nonprofit to help other families going through IVF.
Check out Free Podcast Course to learn how to create and launch your own podcast!
Ready for the next step? Podcasters’ Paradise is the #1 online community in the world for podcasters!
3 Value Bombs
1. When you have a successful business, you have more time and financial freedom, which gives you the ability to give back to causes that are meaningful to you.
2. If you are passionate about creating an online course or online community, and you’re wondering “who am I to teach this content?”, my question for you is “Who AREN’T you to teach this content?”
3. I create one 1-min video per day for Instagram, LinkedIn, and YouTube, and every day I repurpose that one video across all of those platforms. So why not repurpose it even further and create another daily podcast using that same content?
Sponsors
ZipRecruiter: When it comes to hiring, you can save time and get more qualified candidates fast with ZipRecruiter. And right now, you can try ZipRecruiter for free at ZipRecruiter.com/fire! ZipRecruiter. The smartest way to hire.
Show Notes
**Click the time stamp to jump directly to that point in the episode.
[00:22] – Income review from JLD
- Gross Income for June: $353,200
- Total Expenses for June: $29,539
- Total Net Profit for June: $323,661
- Difference b/t June & May: +$181,901
- % of net profit to overall gross revenue: 91.6%
[02:30] – Monthly tax tip from CPA On Fire, Josh Bauerle
- Josh talks about giving back to causes you’re passionate about
- Forming your own nonprofit
- Josh covers 3 quick and easy steps to form your own nonprofit
- Josh talks about how him and his wife had to go through IVF and how insurance doesn’t help with that
- As a result, Josh and Courtney formed the JemFoundation.org to help other families going through similar challenges.
- Visit the website to apply for the opportunity of a $5,000 grant!
[10:15] – What went down at the Entrepreneurs On Fire studios in June!
- Kate talks about the Jem Foundation
[11:40] – Podcasters’ Paradise Updates
- The questions / struggles we all face when creating courses
- Kate talks about launching Podcasters’ Paradise with no course content created – 6 years ago!
- The process Kate & John follow when working on continuous improvements
- Check out Free Podcast Course to learn how to create and launch your own podcast!
- Ready for the next step? Podcasters’ Paradise is the #1 online community in the world for podcasters!
[20:25] – Thanks to our sponsors, ZipRecruiter and Pitney Bowes!
[22:40] – Daily Fire Podcast
- John talks about his new, 2nd daily podcast!
- Each Daily Fire episode is 1 minute: an inspiring quote and JLD’s take on that quote
- John talks about the power of repurposing and how you should be doing this in your business, too
- Subscribe to Daily Fire!
[25:45] – Income breakdown from JLD
- Gross Income for June: $353,200
- Total Expenses for June: $29,539
- Total Net Profit for June: $323,661
- Difference b/t June & May: +$181,901
- % of net profit to overall gross revenue: 91.6%
[30:35] – Our Biggest Lesson Learned in June: Your time is limited
- Kate talks about a quote she revisits often
- Steve Jobs says, “Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become.”
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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