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/income110, and IGNITE!
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Guest Resources
CPAOnFire.com – Accounting, Tax & CFO Services for Entrepreneurs.
Podcasters’ Paradise – Create, Grow, & Monetize your own podcast with us by your side.
Podopolo – Revolutionizing Podcasting as Interactive. Listen, Discover and Share Like Never Before.
3 Value Bombs
1) Be highly engaged with your community. It helps bring ideas to fruition.
2) Breaking your BIG goal down into micro-goals, and then taking daily actions that will help you accomplish those micro-goals is the key.
3) Having regular check-in’s, being able to share your wins and celebrate milestones, understanding what’s NOT working and being able to correct course immediately… these are all critical steps to accomplishing a BIG goal.
Sponsors
Podopolo: The best podcast listening app in the world is here! Visit Podopolo.com, download the app for free, mention JLD or EOFire when you sign up, and start listening now!
HubSpot: Learn how HubSpot can help your business grow better at HubSpot.com.
Show Notes
**Click the time stamp to jump directly to that point in the episode.
[01:35] – Income review
- Gross Income for October: $180,856
- Total Expenses for October: $20,252
- Total Net Profit for October: $160,604
- Difference b/t October & September: +$1.098
- % of net profit to overall gross revenue: 89%
[02:17] – Ron’s October Tax Tip: Understanding Research & Development Tax Credits (the R&D Tax Credit)
- You could qualify for a credit of 12% to 16% of your business’s “R&D” costs.
- CPAOnFire.com – Accounting, Tax & CFO Services for Entrepreneurs
[7:55] – What Went Down In October: Interview of the Month w/ Anthony Mongiello!
- Building an NFT Business in a Bear Market with Anthony Mongiello
- 3 Value Bombs
- Listening to some feedback and ignoring others is exactly what it’s like running a Web3 business right now.
- It’s not just about connecting digitally or virtually. It’s also about meeting and shaking hands in the real world.
- Be highly engaged with your community. It helps bring ideas to fruition.
- Free NFT 101 Course – Struggling To Understand What NFTs Are and Why You Should Care? Sign up for this free NFT course!
[9:01] – New Membership Options for Podcasters’ Paradise
- Podcasters’ Paradise is our premium membership community where we teach people how to create, grow, and monetize their own podcast.
- Membership options
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- Paradise Lite
- Paradise VIP
[15:20] – Podopolo
- Podopolo – Revolutionizing Podcasting as Interactive. Listen, Discover and Share Like Never Before.
- Founder Melinda Wittstock on Entrepreneurs On Fire
- For the BEST podcast app listening experience around, follow these simple steps!
- Download the App at Podopolo.com
- Mention JLD or EOFire when you sign up for your account
- Follow Entrepreneurs On Fire once you’re in the app
- Fill out this form to share your feedback about Podopolo, and the first 100 submissions will get an EOFire t-shirt – free!
[22:07] – Thanks to our sponsors!
- Podopolo: The best podcast listening app in the world is here! Visit Podopolo.com, download the app for free, mention JLD or EOFire when you sign up, and start listening now!
- HubSpot: Learn how HubSpot can help your business grow better at HubSpot.com.
[24:18] – October 2022 Income Breakdown*
- Gross Income for October: $180,856
- Total Expenses for October: $20,252
- Total Net Profit for October: $160,604
- Difference b/t October & September: +$1.098
- % of net profit to overall gross revenue: 89%
[25:35] – Biggest Lesson Learned: Daily Actions Matter
- In late September I launched a 100 day goal challenge for Fire Nation. Completely free.
- Many of you have joined me for this challenge, and the results have been so incredible to witness.
- This challenge is completely free, and you can start TODAY.
- Head over to EOFire.com/facebook, post your BIG goal in the group
[28:28] – Thank you to our Sponsors!
- Podopolo: The best podcast listening app in the world is here! Visit Podopolo.com, download the app for free, mention JLD or EOFire when you sign up, and start listening now!
- HubSpot: Learn how HubSpot can help your business grow better at HubSpot.com.
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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