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/income122, 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!
The Podcast Masterclass – Watch this 1-hr masterclass with JLD – on demand!
The Mastery Journal – Master Productivity, Discipline, and Focus in 100 Days.
3 Value Bombs
1) You deserve to have your message heard, and a podcast is a perfect way to do it!
2) If it were easy, everyone would be able to do it.
3) Choosing a word for the year, and consistently reminding yourself of what that word is and why it matters to you, is how you stay focused in 2024.
Sponsors
HubSpot: The HubSpot Sales Hub supercharges your sales process so you can find, track, and close deals all in one powerful, easy-to-use platform. Make the switch to HubSpot Sales Hub at HubSpot.com/sales.
Belay: Download Belay’s Delegation Guide for free and learn six specific things that busy leaders must start delegating to take their leadership – and results – to the next level. Text FIRE to 55123 today!
Millionaire University Podcast: Teaching you how to run a successful business and graduate rich, not broke! Find Millionaire University on Apple, Spotify, YouTube, or wherever you get your podcasts.
Show Notes
**Click the time stamp to jump directly to that point in the episode.
[01:32] – Income review
- Gross Income for October: $156,869
- Total Expenses for October: $15,021
- Total Net Profit for October: $141,848
- Difference b/t October & September: -$7,135
- % of net profit to overall gross revenue: 93%
[02:10] – Ron’s October Tax Tip: Rearview Accounting versus Forward-facing Financial Insights
- Rearview Accounting
- Rearview accounting, as commonly practiced in the industry, often falls short in serving entrepreneurs.
- Forward-Facing Financial Insights
- Forward-facing financials involve creating forecasts and budgets that align with your long-term business goals.
- CPAOnFire.com – Accounting, Tax & CFO Services for Entrepreneurs
[7:52] – What Went Down In October: Interview of the Month w/ Taylor Conroy!
- The Secret to Landing TEDx and the Biggest Stages on Earth – Even if You are Just Starting Out with Taylor Conroy
- 3 Value Bombs
- One mistake that aspiring speakers make is they get so honed in, focused, crazy and maniacal. They lose sight of what is actually important in a talk, and that is experience.
- If you’ve gone through a whole bunch of stuff in your life, you went through it for a reason. You went through it so that you can help other people go through it faster, to live more comfortably, happier, more euphoric lives.
- Know exactly what you stand for as a speaker and the experience that you want the audience to have.
- Thought-Leader – Sign up for Taylor’s FREE training and learn how to Land A TEDx Talk & Spread Your Message To Millions In As Little As 30 Days… Even If You’ve Never Spoken On Stage In Your Life!
[9:31] – Podcasters’ Paradise turns 10!
- We launched Podcasters’ Paradise 10 years ago – October 31, 2013!
- Inside of Podcasters’ Paradise you have daily direct access to us, PLUS the support of thousands of other podcasters who are on the same journey as you.
- Learn more and join Podcasters’ Paradise today at PodcastersParadise.com!
[17:52] – Thanks to our sponsors!
- HubSpot: The HubSpot Sales Hub supercharges your sales process so you can find, track, and close deals all in one powerful, easy-to-use platform. Make the switch to HubSpot Sales Hub at HubSpot.com/sales.
- Millionaire University Podcast: Teaching you how to run a successful business and graduate rich, not broke! Find Millionaire University on Apple, Spotify, YouTube, or wherever you get your podcasts.
- Belay: Download Belay’s Delegation Guide for free and learn six specific things that busy leaders must start delegating to take their leadership – and results – to the next level. Text FIRE to 55123 today!
[20:56] – October 2023 Income Breakdown*
- Gross Income for October: $156,869
- Total Expenses for October: $15,021
- Total Net Profit for October: $141,848
- Difference b/t October & September: -$7,135
- % of net profit to overall gross revenue: 93%
[22:22] – Biggest Lesson Learned: How to stay focused in 2024: Choosing a word of the year
- There’s an exercise I feel is incredibly powerful when it comes to staying focused in 2024. – It’s choosing a word for the year.
- Choosing a word for the year, and consistently reminding yourself of what that word is and why it matters to you, is how you stay focused in 2024.
[27:05] – Thank you to our Sponsors!
- HubSpot: The HubSpot Sales Hub supercharges your sales process so you can find, track, and close deals all in one powerful, easy-to-use platform. Make the switch to HubSpot Sales Hub at HubSpot.com/sales.
- Millionaire University Podcast: Teaching you how to run a successful business and graduate rich, not broke! Find Millionaire University on Apple, Spotify, YouTube, or wherever you get your podcasts.
- Belay: Download Belay’s Delegation Guide for free and learn six specific things that busy leaders must start delegating to take their leadership – and results – to the next level. Text FIRE to 55123 today!
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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