Podcasts about income reports

It's tax season crunch time, so we are resharing a timely episode debunking the 1120-S tax return. In this episode, Brian will walk you through the S-Corporation income tax return to help you better understand what you're filing and hopefully catch mistakes before it's too late. He provides a section-by-section analysis of Form 1120-S and highlights key areas that business owners and tax professionals make mistakes. Episode Highlights Part 1: Heading, Income, Deductions, Tax and Payments Most of this information is drawn from your business's Profit and Loss Statement. Here's a breakdown of what's on the first page: Calendar year: The very top of the form asks for the calendar year. If the corporation has a calendar year-end, leave this blank. If a fiscal year or short year put in the appropriate dates. Address: Underneath the calendar year, the form asks for a name and address. Use the name set forth in the charter or other legal documents, such as your Employer Identification Number (EIN) letter. Item A: Located to the left of the address, Item A asks for your S election effective date. You should have a letter from the IRS (CP 261) with your S-Corp starting date. This date should stay the same every year. Item B: Your business activity code. This code shows the IRS exactly what you do. Item C: Item C only applies if you have assets of $10 million or more. Most of the time, Item C will not be checked. Item D: Put your EIN in Item D. Make sure to verify it's correct before you file your form. Item E: Your date of incorporation should match the articles of incorporation. This date may or may not be the same date as your S-election. Like the S-election date, the date of incorporation won't change. Item F: Total assets at the end of the year. Item G: If the corporation is electing to be an S-Corp beginning with the current filing tax year, check the appropriate box. If the S-Corp did not already file the S-Election, attach Form 2553 with the return. Item H: These boxes should be self-explanatory. Check the boxes that apply. Item I: Enter the number of shareholders in the firm (e.g. yourself and your partners). Item J: Most of the time, Item J will not be checked. If you believe that one of the Item J items applies, follow up with your tax accountant. Income: Report gross revenue your business has earned for the year and any additional income or interest income that you may have incurred. Only report trade or business income. Do not list rental income, portfolio income, or tax exempt income (those go on your Schedule K). Expenses: Report all deductions on your Profit and Loss statement. Pay special attention to the following lines: Line 7: Compensation of officers should have something on it. S-Corporations must pay shareholder/employee reasonable compensation for services rendered, and failing to put reasonable compensation could lead to an IRS audit. Also included on this line are fringe benefits, including employer contributions to health plans and group term life insurance, for shareholders/employees owning more than 2% of the corporation stock. If your S-Corp has total receipts of $500,000 or more, you'll need to attach Form 1125-E to explain what was paid to each officer. Line 8: Salary and wages paid to employees (other than officers) of the corporation. Line 17: An S-Corporation can deduct contributions made for its employees under a qualified pension, profit sharing, annuity, SEP plan, Simple plan, or any other retirement deferred compensation plan. This includes shareholders/employees owning more than 2% of the corporation stock. Line 18: Employee fringe benefits provided to officers and employees owning less than 2% go on this line, such as health insurance, disability insurance, and educational assistance. Line 19: Line 19 includes any other deductions. There should be an attached statement, and it should match your profit and loss. The numbers should be close to your Profit and Loss statement. Taxes and payments: In general, an S-Corporation does not pay taxes at the corporate level, so this section will be blank. Signature: It's important to sign the return only after verifying all of the information, including the following sections. Part 2: Schedule B This section is mostly self-explanatory questions. Make sure to read and understand each question. Below are two lines to pay special attention to: Box 1: This easy-to-miss box can change your entire return if you're not careful, since it's where you select whether you're a cash or accrual basis taxpayer. Once you choose an accounting method, you generally cannot change without approval from the IRS. Box 2: Here is where you explain what you do. Part B is an either/or question, so state whether you sell products or services. Also, if you hire contractors, say yes to question 14 -- and hopefully you got out your 1099 forms by January 31. Part 3: Schedules K and K-1 Schedule K reports the pro rata share items in total for the Corporation. Schedule K-1, which you receive in your personal name, reports the percentage of pro rata share items allocable to each shareholder.  Lines 1-17 on Schedule K correspond to Boxes 1-17 on Schedule K-1. Most items on Schedules K and K-1 are self-explanatory and come from other parts of the return. Part 4: Schedule L  This is where many taxpayers make a mistake. Schedule L matches your business' balance sheet and should agree with your books and records. If it doesn't, find out why before you file. The first two columns match what your accounts were at the beginning of the year and should match what the accounts were at the end of last year. If this is your first year filing an 1120-S return, these two columns should be blank. The second two columns are for what the accounts had on December 31 of the previous year and will carry over to next year's return. Some of the most common assets on Schedule L are: Line 1: Write the amount of cash in your bank account on the last day of the year. Line 7: Loans to shareholders are loans from the corporation to the shareholder. Keep in mind, these loans need to be documented and should have a repayment schedule and interest rate. Line 10a: Buildings and other depreciable assets are fixed assets that the business owns that have been depreciated, such as real estate, furniture, or machinery  Some of the most common liabilities on Schedule L are: Line 18: Other current liabilities are expenses incurred at the end of the year but not paid until January of the next year. Current expenses often include wages, state taxes, federal taxes, and payroll taxes payable at the end of the year.  Line 19: Loans from shareholders are loans from the shareholder to the corporation. As with the other loans, these loans should be documented and include a repayment schedule and interest rate. Line 22: The par value or stated value of the capital stock issued by the corporation. This amount stays the same each year unless the S-Corporation issues additional stock after incorporation. The corporate charter or minutes should identify the stock. Line 23: Enter the beginning and ending balances of additional paid-in capital. This includes the amount contributed to the S-Corp by shareholders for which the corporation did not issue stock or amounts contributed in excess of the stated or par value. Line 24: This section is especially tricky. You should base the retained earnings on the S-Corporation's books and records. Most of the time, retained earnings should match the Accumulated Adjustments Account (AAA), other adjustments account (OAA), and previously taxed income (PTI) balances on Schedule M-2. Line 27: This line represents the total liability and shareholders equity. This line must match line 15. If you answered “yes” to question 11 on Schedule B that your total receipts were less than $250,000 and total assets were less than $250,000, then you aren't required to file a Schedule L. However, it may be beneficial to file Schedule L anyway because it will be crucial for future balance sheets. Part 5: Schedules M-1 and M-2 Schedule M-1 helps explain discrepancies between the books and your tax return. This section should explain any differences you notice.  Some common items reported on Schedule M-2 include: Meal expenses (100% on books, 50% on taxes) Entertainment (100% on books, 0% on taxes) Life insurance premium expense (100% on books, 0% on taxes) Certain fines and penalties (100% on books, 0% on taxes) Political contributions (100% on books, 0% on taxes) Book depreciation expense (100% on books, 0% on taxes) Tax depreciation expense (%0 on books, 100% on taxes) Tax-exempt income (100% on books, %0 on taxes)  Schedule M-2 tracks the income and losses and separately states items that the shareholder should report on their tax return. Resources + Links  Bank Reconciliation 101 Lessons from the 1099-NEC deadline Follow Brian Thompson Online: Instagram, Facebook, LinkedIn, X, Forbes About Brian and the Mission Driven Business Podcast Brian Thompson, JD/CFP, is a tax attorney and certified financial planner who specializes in providing comprehensive financial planning to LGBTQ+ entrepreneurs who run mission-driven businesses. The Mission Driven Business podcast was born out of his passion for helping social entrepreneurs create businesses with purpose and profit. On the podcast, Brian talks with diverse entrepreneurs and the people who support them. Listeners hear stories of experiences, strength, and hope and get practical advice to help them build businesses that might just change the world, too.

Sharing My Income Report One of my favorite activities is voxing my friends and discussing business finances and the different ways we each manage and view ours. As we've lamented time and time again, business finances feel so much more overwhelming than personal finances. With personal finances, your goal is to save as much money […] The post Ep. 248: My 2024 Income Report appeared first on Amanda Warfield.

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/income136, and IGNITE! December 2024 Income At-A-Glance Gross Income for December: $131,587 Total Expenses for December: $12,156 Total Net Profit for December: $119,431 Difference b/t December and November: +$35,348 Percentage of net profit to overall gross revenue: 91 percent Sponsors HubSpot When you combine the power of Marketing Hub and Content Hub, you can have your best quarter, every quarter. Visit Hubspot.com/marketers to learn more Airbnb If you've got an extended trip coming up and need a little help hosting while you're away, just hire a co-host to do the work for you. Find a co-host at Airbnb.com/host Optimize To chat with JLD about Optimizing your life, click here EOFire.com/optimize

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/income136, and IGNITE! December 2024 Income At-A-Glance Gross Income for December: $131,587 Total Expenses for December: $12,156 Total Net Profit for December: $119,431 Difference b/t December and November: +$35,348 Percentage of net profit to overall gross revenue: 91 percent Sponsors HubSpot When you combine the power of Marketing Hub and Content Hub, you can have your best quarter, every quarter. Visit Hubspot.com/marketers to learn more Airbnb If you've got an extended trip coming up and need a little help hosting while you're away, just hire a co-host to do the work for you. Find a co-host at Airbnb.com/host Optimize To chat with JLD about Optimizing your life, click here EOFire.com/optimize

What worked, what didn't, and what's next? In this month's passive income report, Russ and Joey answer listener questions and give you an inside look at their financial wins, lessons learned, and plans for the future. From land investing to new income streams like vending and Turo, they share practical advice you can use to build your own path to financial freedom.Are you ready to build your passive income? Discover how to create a financial plan that works for you while avoiding common mistakes investors make.Top three things you will learn: -How to reinvest passive income for growth and long-term success-Key lessons from underperforming investments -Exciting new passive income streams to explore in 2025November 2024 Income At-A-Glance: -Gross Income for November: $65,388.22-Total Expenses for November: $18,231.33-Total Net Profit for November: $47,156.89-Difference b/t October & November: ($3,520.25)-% of net profit to overall gross revenue: 72%You can also learn valuable lessons on wealth-building and overcoming obstacles from the following episode: -Round Table | A Path to Financial Freedom: Explained by Jack and the Beanstalk - https://www.youtube.com/watch?v=2zgXLvJkM0kFor Accredited Investors Who Want to Invest With Us:-Email: info@wealthwithoutstreet.com (Reply: Accredited)Turn Active Income Into Passive Income:-https://wealthwithoutwallstreet.com/piosFree IBCA or Financial Freedom Discovery Calls:-https://wealthwithoutwallstreet.com/freecallJoin the Inner Circle Live Waitlist:-https://www.wealthwithoutwallstreet.com/liveIBC Webinar:-https://wealthwithoutwallstreet.com/ibcWealth Without Wall Street New Book:-https://wealthwithoutwallstreet.com/newbookAccess our Free Financial Scorecard:-https://wealthwithoutwallstreet.com/scorecardHow to Start a Vending Machine Business, Cost, Tips, How Much You Make with Michael Hoffmann: -https://www.youtube.com/watch?v=73Xwu2tHhwIBuild Passive Income with Vending Machines:-https://wealthwithoutwallstreet.com/vendingExplore the World's Largest Car Sharing Marketplace:-https://turo.com/Learn How to Invest in Real Estate with The Land Geek:-https://thelandgeek.com/Join the Wealth Without Wall Street Community: -

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/income135, and IGNITE! November 2024 Income At-A-Glance Gross Income for November: $96,482 Total Expenses for November: $12,399 Total Net Profit for November: $84,083 Difference b/t November & October: -$45,520 Percentage of net profit to overall gross revenue: 87 percent Sponsors HubSpot Breeze is HubSpot's collection of AI tools that helps you turn one piece of content into a whole suite of assets. Visit HubSpot.com/marketers to learn more LastPass The most accessible and easy-to-use password manager on the planet! Visit LastPass.com/fire for a free trial and get started today Author100 A 100-day program where I will personally guide you 1-on-1 to create, write, publish and market your book! If you want daily guidance and mentorship from me, JLD, then head over to Author100.com to sign up for a free call to chat about the details

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/income135, and IGNITE! November 2024 Income At-A-Glance Gross Income for November: $96,482 Total Expenses for November: $12,399 Total Net Profit for November: $84,083 Difference b/t November & October: -$45,520 Percentage of net profit to overall gross revenue: 87 percent Sponsors HubSpot Breeze is HubSpot's collection of AI tools that helps you turn one piece of content into a whole suite of assets. Visit HubSpot.com/marketers to learn more LastPass The most accessible and easy-to-use password manager on the planet! Visit LastPass.com/fire for a free trial and get started today Author100 A 100-day program where I will personally guide you 1-on-1 to create, write, publish and market your book! If you want daily guidance and mentorship from me, JLD, then head over to Author100.com to sign up for a free call to chat about the details

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

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

Check out the Black Friday catalog here: https://www.ouiwestudio.com/blackfriday In this episode, I'm sharing the blueprint for scaling your business in a way that doesn't rely on burning out through 1:1 coaching or unpredictable brand partnerships. Plus I'm giving exact details and numbers from my profit and loss statement (sharing income and expenses)! From the flexibility and high-margin potential of consulting, to the community-building power of group coaching and masterminds, and the automated income machine that digital products can become, I'm giving the details on why these revenue streams should potentially be your priority as you grow. We're also discussing why 1:1 coaching is a great starting point for understanding your clients' needs, and how it can seamlessly lead to larger, more scalable offerings. Whether you're aiming for six figures or beyond, this episode will give you the roadmap to achieve sustainable business growth while maintaining balance. In this episode, we're talking about the approach I'm taking to Black Friday sales in my business, plus I'm sharing the step-by-step Oui, We Viral Content Method that works for me (and will work for you too, because Human Design)! Resources: Join the 30-Day Storytelling challenge: ouiwestudio.com/ooo Are you a Smart Girl CEO, an OOO Entrepreneur, a Kind, Caring Creative, or a No-Gatekeeping Content Creator?    Take the Creator Archetype quiz to find out which archetype matches your brand, content creation habits, offers, and goals.   Learn more about starting your next 6-figure business, plus get AI pitch prompts, swipe copy, brand decks, social templates, and more inside the Unschool: Intuitive Biz Academy.    This show is produced by Ben Alleman, editing by Kiara Ramirez

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/income133, and IGNITE! September 2024 Income At-A-Glance Gross Income for August: $110,362 Total Expenses for August: $11,677 Total Net Profit for August: $98,685 Difference b/t August & July: -$35,373 Percentage of net profit to overall gross revenue: 89 percent Sponsor HubSpot: Get ready for growth, without the growing pains. Visit HubSpot.com/spotlight to see the dozens of major product updates that'll make impossible growth feel impossibly easy

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/income133, and IGNITE! September 2024 Income At-A-Glance Gross Income for August: $110,362 Total Expenses for August: $11,677 Total Net Profit for August: $98,685 Difference b/t August & July: -$35,373 Percentage of net profit to overall gross revenue: 89 percent Sponsor HubSpot: Get ready for growth, without the growing pains. Visit HubSpot.com/spotlight to see the dozens of major product updates that'll make impossible growth feel impossibly easy

Are you ready to dive into a transformative conversation on media consumption and the powerful role of podcasting? In this episode of the Communication Queens podcast, host Kimberly Spencer and guest, podcasting expert, Mark Savant delve into the evolving landscape of media consumption and the transformative power of podcasting for personal branding and business growth. Mark emphasizes the superiority of in-person podcasting and shares insights on leveraging AI to streamline workflows. Kimberly promotes her new book, "Make Every Podcast Want You" and discusses the importance of authenticity and team support in podcasting. The conversation also explores the challenges of engaging audiences, the effectiveness of calls to action, and the critical role of email marketing in maintaining direct communication. Mark is a Marketing nerd. He's obsessed with automation, and the power of email. He nerds out on helping clients set up email automations that drive leads and sales. Mark has been podcasting over 5 years and has developed a podcast automation sales funnel that converts guests into clients. What you will learn from this episode... Importance of in-person podcasting versus remote formats Value of podcasting for business and personal branding Challenges in measuring the direct impact of podcasting on sales Significance of email marketing and effective lead magnets Evolution of media consumption and the role of podcasters as historians Need for authenticity and connection in media Strategies for sustaining podcast shows and the importance of team support Effective calls to action and audience engagement techniques Impact of AI on podcasting and content creation efficiency Importance of direct engagement with audiences and understanding market needs Enjoy, sovereigns! Listen to the episode on Apple Podcasts, Spotify, Google Podcasts, Amazon Music, or your other favorite podcast listening platform. You can also watch the episode on Youtube. Quotes: The numbers for podcasting don't necessarily translate always into social media numbers. ~ Kimberly Spencer Have someone that is putting in that work. Because having a podcast, even if it's just a condensed podcast, even if it's just a project podcast that is just intentionally a ten episode run, it provides depth and insight into what you do. ~ Kimberly Spencer Podcast listeners will convert into podcast listeners. ~ Kimberly Spencer Moments of Note: In-Person Podcasting Importance (00:00:00) Mark emphasizes the superior quality and impact of in-person podcasting over remote formats. Introduction to Communication Queens Podcast (00:00:24) Kimberly Spencer introduces the podcast and promotes her book, sharing strategies for effective storytelling. The Role of Podcasters as Historians (00:02:19) Discussion on how podcasters are evolving into historians, documenting significant cultural shifts. Shifts in Media Consumption (00:02:41) Mark highlights the decline of traditional media and the rise of podcasts as primary news sources. Building Personal Brands through Podcasting (00:05:13) Kimberly and Mark discuss the importance of personal branding and the benefits of podcasting for businesses. The Value of Email Marketing (00:13:16) Mark stresses the importance of email marketing as a key tool for business growth and connection. Effective Calls to Action in Podcasting (00:08:49) Strategies for encouraging audience engagement and action after listening to podcasts are explored. Lead Magnets and Audience Engagement (00:10:12) Mark shares insights on effective lead magnets that attract potential clients and drive engagement. Using AI in Podcasting (00:18:24) Discussion on leveraging AI tools, like ChatGPT, to enhance business operations and content creation. AI Podcast Data Analysis (00:19:47) Discussion on using AI to analyze podcast tone and audience demographics. AI and Humor (00:20:29) Comparison of AI's literal understanding to a character from "Guardians of the Galaxy." Overcoming Writer's Block with AI (00:20:59) Using AI to avoid starting from a blank page when writing. CEO Blog Strategy (00:21:40) Automation of blog content creation by engaging CEOs through questionnaires. AI's Impact on Work Efficiency (00:24:40) Mark shares how AI saved him 90% of his time on tasks. Podcasting and AI Tools (00:25:10) Exploration of various AI tools that enhance podcast production quality. Video Editing Innovations (00:26:41) AI tools streamline video editing and improve production quality. Content Creation and Audience Engagement (00:28:28) Concerns about content saturation and the need for quality in podcasting. In-Person Podcasting Resurgence (00:30:30) Discussion on the revival of in-person podcasting post-pandemic. Quality vs. Convenience in Podcasting (00:31:41) The importance of high-quality production in successful podcasts. Distractions in Entrepreneurship (00:35:19) The struggle of entrepreneurs with distractions and maintaining productivity. Building Relationships Over Social Media (00:37:05) Emphasis on personal connections driving business success over social media activity. Reverse Engineering Ideas (00:39:32) Mark discusses the importance of validating business ideas before building them. Shiny Object Syndrome (00:40:24) Kimberly shares her experience with streamlining offers after a failed launch. Learning from Experience (00:42:37) Mark reflects on the lessons learned from podcasting and the importance of authenticity. Attracting the Right Audience (00:44:40) Mark emphasizes the value of being unique to attract a specific audience. Echo Chamber Concerns (00:46:30) The speakers discuss the dangers of algorithms creating echo chambers in society. Polarizing Perspectives in Marketing (00:48:58) Mark explains the necessity of being polarizing to capture attention in marketing. The Power of Storytelling (00:53:03) Mark highlights the significance of transformative stories in engaging audiences. AI and Its Societal Impact (00:55:23) Mark expresses concerns about AI's influence on information and historical narratives. Preparing for Future Changes (00:58:57) Kimberly discusses the need for entrepreneurs to adapt to rapid changes in society. Podcast Promotion and Income Reports (00:59:43) Mark discusses his podcast, focusing on business growth and popular monthly income reports. YouTube Engagement (01:00:10) Mark encourages listeners to follow him on YouTube for insights on using AI in business. Closing Remarks and Call to Action (01:00:11) Kimberly thanks listeners, urging them to subscribe, leave reviews, and follow on social media. Empowerment Through Storytelling (01:00:38) A reminder that personal stories can have a powerful impact and should be shared. Mentions + Additional Resources: Tools and Websites "Lead Gen Jay": "00:10:12" "AI Update": "00:18:24" "ChatGPT": "00:20:40" "Zapier": "00:22:34" "Podcast AI": "00:25:10" "Cast Magic": "00:26:39" "Opus Pro": "00:27:19" "Auto Pod": "00:27:44" "Opal": "00:33:24" "Kajabi": "00:40:24" "LinkedIn": "00:40:24" "Communication Queens": "00:41:25" "Common Ground Campus": "00:48:04" "After Hours Entrepreneur Podcast": "00:59:43" "Mark Savant on YouTube": "01:00:00" "Communication Queens Agency": "01:00:11" Books "Make Every Podcast Want You: How to Become So Radically Interesting You'll Barely Keep from Interviewing Yourself" by Kimberly Spencer: "00:01:05" "Traction by Gino Wickman": "00:41:25" Key Concepts "Prompt Engineering": "00:19:25" "Blue Ocean Strategy": "00:40:24" "Shiny Object Syndrome": "00:41:25" "Polarizing Perspectives": "00:52:27" Notable Mentions "NLP Communication Strategies": "00:01:05" "Robyn": "00:19:47" "Peter Diamandis": "00:23:19" "Sean Cannell": "00:39:32" "Jasmine Star": "00:43:16" "Jordan Peterson": "00:44:54" "Brent Hammer": "00:48:04" Transcript: For a full episode transcript, it can be found here. Sharables: For sharable images, quotes, and other social media posts to add some royal sparkle to your socials (with proper tagging and credit, of course), they can be found here.

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/income132, and IGNITE! August 2024 Income At-A-Glance Gross Income for August: $143,642 Total Expenses for August: $9,584 Total Net Profit for August: $134,058 Difference b/t August & July: -$24,306 Percentage of net profit to overall gross revenue: 93 percent

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/income132, and IGNITE! August 2024 Income At-A-Glance Gross Income for August: $143,642 Total Expenses for August: $9,584 Total Net Profit for August: $134,058 Difference b/t August & July: -$24,306 Percentage of net profit to overall gross revenue: 93 percent

USDA's latest Net Farm Income Report painted a concerning picture for the farm economy. Chad Smith has more on the numbers.

The latest Net Farm Income Report shows a 23 percent drop in net farm income compared to 2022. See omnystudio.com/listener for privacy information.

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/income131, and IGNITE! July 2024 Income At-A-Glance Gross Income for July: $170,866 Total Expenses for July: $12,502 Total Net Profit for July: $158,364 Difference b/t July and June: +$46,443 Percentage of net profit to overall gross revenue: 93 percent

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/income131, and IGNITE! July 2024 Income At-A-Glance Gross Income for July: $170,866 Total Expenses for July: $12,502 Total Net Profit for July: $158,364 Difference b/t July and June: +$46,443 Percentage of net profit to overall gross revenue: 93 percent

In today's super special sneaky jazzy episode, I wanted to introduce you guys to a snippet of what's inside my Level Up Club episodes. If you guys have always wondered what's on the other podcast, today I'm giving you a peek behind the curtain! I feel like I'm in competition with myself with how much gatekeeping I can really smash with a hammer. Introducing the new LUC podcast series, a detailed look into my earnings and expenses. I think financial transparency is so so important, and something that is not actively being done in our industry, especially in makeup AND coaching. So let's smash some ceilings and break some walls. Want access to the LUC podcast - join our Monthly Membership here. It's £30 a month, its great value for money and you get tonnes of monthly trainings as well as the weekly episode. Not interested in another subscription, I get you. You can buy access for life HERE for just £30. If you want JUST the poddy! You get a whole episode every single week (and yes, guests are coming!)

Our Q2 2024 review is here! These quarterly review episodes contribute to our mission of creating financially transparent content - sharing what's working in our business, what we've learned, and what we're celebrating. For more in-depth, behind the business case study episodes from within our business, check out the C-Suite: https://ellenyin.com/csuite View the transcript for this episode at: Thank you to our sponsors! Learn how to sell (and scale!) your course or program on autopilot, every single day with Nicki's free video training: https://circuitsalessystem.com/ceo Try the #1 all-in-one E-commerce platform: Shopify! Sign up for a one dollar per month trial period at https://shopify.com/ellen Get 20% off your entire Soursop Nutrition order with code 'CEO'! Uplevel your health and wellness journey at https://soursopnutrition.com Links mentioned in this episode: Our previous Income Report episodes: https://ellenyin.com/incomereport Try 30 days of Flodesk (our favorite email marketing platform for unlimited subscribers & emails at one low, flat monthly rate): https://flodesk.com/c/ELLEN50 Connect with @paige.hulse.law Business valuation teaser: https://link.chtbl.com/wVYzFuYy Connect with Worttth: https://worttth.com Mrs. Oregon America episode: https://link.chtbl.com/-mRkSgZr Selling out our business retreat teaser: https://link.chtbl.com/nwl_VGEE Iconic business leaders all have their own unique genius. Take this quick 10 question quiz to uncover your specific CEO style advantage: https://ellenyin.com/quiz If you enjoyed today's episode, please: Post a screenshot & key takeaway on your IG story and tag me @missellenyin & @cubicletoceo so we can repost you. Leave a positive review or rating at www.ratethispodcast.com/cubicletoceo Subscribe for new episodes every Monday. Join our C-Suite membership to get bonus episodes every month! Check out everything our members get at https://ellenyin.com/csuite

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/income130, and IGNITE! June 2024 Income At-A-Glance Gross Income for June: $124,823 Total Expenses for June: $12,902 Total Net Profit for June: $111,921 Difference b/t June & May: -$70,204 Percentage of net profit to overall gross revenue: 90 percent Sponsors HubSpot HubSpot's all -on -one customer platform can make growing your business infinitely easier. Visit HubSpot.com to get started today Ethos Protect your family today. Get up to 2 million dollars in coverage in just 10 minutes at EthosLife.com/fire. Thanks to Ethos for sponsoring us Airbnb Your home might be worth more than you think... Find out how much at Airbnb.com/host

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/income130, and IGNITE! June 2024 Income At-A-Glance Gross Income for June: $124,823 Total Expenses for June: $12,902 Total Net Profit for June: $111,921 Difference b/t June & May: -$70,204 Percentage of net profit to overall gross revenue: 90 percent Sponsors HubSpot HubSpot's all -on -one customer platform can make growing your business infinitely easier. Visit HubSpot.com to get started today Ethos Protect your family today. Get up to 2 million dollars in coverage in just 10 minutes at EthosLife.com/fire. Thanks to Ethos for sponsoring us Airbnb Your home might be worth more than you think... Find out how much at Airbnb.com/host

In April 2018, Iman Gadzhi had some notable achievements and challenges. He treated his mom on a birthday trip to Greece and later visited Hamburg for a business engagement. Despite these distractions, Iman managed a profit increase of $53,000, though this was a decrease from previous months due to significant investments in self-education and team expansion.  Learn more about your ad choices. Visit megaphone.fm/adchoices

 Torrey previews the debate between Joe Biden and Donald Trump. We also discuss the discipline of BPD officers for missteps during the Brooklyn Homes shooting, and if other organizations should face scrutiny.  We also go through the results of a report on Baltimore's guaranteed income program.

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/income129, and IGNITE! May 2024 Income At-A-Glance Gross Income for May: $194,452 Total Expenses for May: $12,327 Total Net Profit for May: $182,125 Difference b/t May and April: +$64,207 Percentage of net profit to overall gross revenue: 94 percent Sponsors HubSpot Stop spending more time managing tools than connecting with prospects and customers. HubSpot's customer platform is a smoother, more effective way to grow. Visit HubSpot.com to learn more BetterHelp This episode is sponsored by BetterHelp. Give online therapy a try at BetterHelp.com/fire and get on your way to being your best self

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/income129, and IGNITE! May 2024 Income At-A-Glance Gross Income for May: $194,452 Total Expenses for May: $12,327 Total Net Profit for May: $182,125 Difference b/t May and April: +$64,207 Percentage of net profit to overall gross revenue: 94 percent Sponsors HubSpot Stop spending more time managing tools than connecting with prospects and customers. HubSpot's customer platform is a smoother, more effective way to grow. Visit HubSpot.com to learn more BetterHelp This episode is sponsored by BetterHelp. Give online therapy a try at BetterHelp.com/fire and get on your way to being your best self

AI changed my life. Change yours at aiupdate.ai Takeaways3 paydays in 1 monthSolve bigger problems for bigger clientsPersonal transformation required to hit next level_____________________________________________Launch and Automate your Podcast:

#792 Your content can sometimes connect with people and drive action. Other times, it can fall flat and never stand out. Have you ever wondered why? For one, storytelling is an essential part of successful marketing. That said, we don't often discuss the other important ingredient in the secret sauce. In this episode, I share how you can leverage data to support your stories and add an extra element of believability to your message. Numbers don't lie, so join me to learn how to collect and present relevant figures to your audience. So where do you find data to support your content? We'll look at everything from uncovering relevant scientific research to the AI tools that can help you get information fast. I'll also discuss my popular income reports and why I've stopped sharing those numbers. Listen in because injecting data into your marketing is an easy strategy you can implement for big results! Show notes and more at SmartPassiveIncome.com/session792.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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/income128, and IGNITE! April 2024 Income At-A-Glance Gross Income for April: $132,488 Total Expenses for April: $14,570 Total Net Profit for April: $117,918 Difference b/t April & March: -$27,414 Percantage of net profit to overall gross revenue: 89 percent Sponsors HubSpot: Scale support and drive retention and revenue all in one place with HubSpot's all-new Service Hub. Visit HubSpot.com/service to learn how this all-new solution can help you deliver for your customers! Thought-Leader: Ever thought about giving a TEDx talk? Visit Thought-Leader.com/fire to join a free training and learn how to land a TEDx Talk and spread your message to millions!

Get ready for an eye-opening episode on the Defocus Media Podcast with “ODs on Finance: The State of Optometry's Financial Health.” Join Dr. Aaron Neufeld, an expert optometrist and co-founder of ODs on Finance, as he unravels the findings from the “ODs on Finance 2024 Optometrist Income Report.” This episode dives deep into the financial […]

AI changed my life. Change yours at aiupdate.aiApril 2024 Key TakeawaysDeliver more value, become indispensableClosing doors to maximize focusCold leads > Warm leads > Hot leads > Customer_____________________________________________Launch and Automate your Podcast:

In this episode, I'm sharing something incredibly personal and transparent: my 5-year income report. As I approach my 8th anniversary in business, I wanted to take a moment to reflect on the journey and share the reality of building a business over time.   For the first time, I'm breaking down my income year by year, showing exactly how much I've made in my business over the last five years. This report is not just about numbers; it's about celebrating something that is often overlooked in the entrepreneurial world - CONSISTENT GROWTH.   In an industry where flashy wins and overnight success stories are often glorified, I want to normalize the idea that success is not always about massive revenue jumps. It's about steady, consistent growth that you can sustain year after year.   I share this report to pull back the curtain on what a real multiple 6-figure business looks like. It's not always a straight shot to the top, there are ebbs and flows along the way. But through it all, what matters most to me is stability and predictability in my business.   I've held back from sharing some of these numbers in the past because I didn't think they were "high enough." But looking at this report now, I see a business that is stable, predictable, and something I am incredibly proud of.   I hope that by sharing this report, I can inspire others to focus on steady, consistent growth in their own businesses. Success is not about hitting big numbers one year and then struggling to repeat it, it's about building a business that can sustain growth year after year.   Join me in this week's episode as I dive deep into my 5-year income report and share the lessons I've learned along the way.   Connect with me outside the podcast!  Continue the conversation in the Market Like a Boss Facebook group.    Listen + Subscribe on ITUNES or STITCHER I'd greatly appreciate a podcast rating and review so that this podcast can reach more women!  Search for the podcast in your podcast app (Like a Boss) Scroll down and click 5 stars Tap “Write a Review” & enter a brief review Press send  

If you are a longtime listener of our show, then you're probably used to hearing our quarterly income reports, but this year we're testing quarterly reviews instead! Don't worry, you'll still get access to new income report episodes, just on an annual basis instead.It's very important to us to continue to create financially transparent content, and we are very proud of the advocacy work we've done over the last five years to contribute to that mission.With these quarterly reviews we will share what's working in our business, what we've learned, and what we're celebrating. We are excited to be able to share a more zoomed out look at the business' finances over the course of a whole year - while still providing insight from our biggest moments and favorite takeaways every 90 days!Ready to dive into our Q1 2024 review? Let's do it!View the transcript for this episode at: https://otter.ai/u/UgTkT67ibkhOubfAXUNp5YV-zdk?utm_source=copy_urlLinks mentioned in this episode:Our previous Income Report episodes: https://ellenyin.com/incomereportCU Denver episode: https://link.chtbl.com/zdLlD9XiStudent ran company, Goonsville: https://goonsvilleclothing.com/SXSW episode: https://link.chtbl.com/TjDOGQaoJoin the C-Suite: https://ellenyin.com/csuiteBusiness Valuation episode teaser: https://link.chtbl.com/wVYzFuYyKim Kaupe episode: https://link.chtbl.com/VBBg-PBZSign up for our newsletter: https://ellenyin.comIconic business leaders all have their own unique genius. Take this quick 10 question quiz to uncover your specific CEO style advantage: https://ellenyin.com/quizIf you enjoyed today's episode, please:Post a screenshot & key takeaway on your IG story and tag me @missellenyin & @cubicletoceo so we can repost you.Leave a positive review or rating at www.ratethispodcast.com/cubicletoceoSubscribe for new episodes every Monday.Join our C-Suite membership to get bonus episodes! Check out everything our members get at https://ellenyin.com/csuite

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/income127, and IGNITE! March 2024 Income At-A-Glance Gross Income for March: $162,345 Total Expenses for March: $17,013 Total Net Profit for March: $145,332 Difference b/t March & February: +$23,757 Percentage of net profit to overall gross revenue: 90 percent Sponsors HubSpot With HubSpot's customer platform you can spend less time switching between systems, and more time on growing your business. Visit HubSpot.com to learn how HubSpot's customer platform can help you grow your business Yahoo Finance Yahoo Finance makes it easy to get financial news, data, and insights fast. For comprehensive financial news and analysis, visit the brand behind every great investor, YahooFinance.com BuckedUp Say goodbye to waking up on the wrong side of the bed with Brain Gainz from BuckedUp. Claim your special offer today by texting FireFocus to 312345, or go to BrainGainz.com/fire

Launch and automate your podcast: https://marksavantmedia.com/March 2024 Key TakeawaysCold email systemNew clients, new projects, new team membersMore value for clients, guests, and agencyChat GPT Guide: https://www.aiupdate.ai/

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/income126, and IGNITE! February 2024 Income At-A-Glance Gross Income for February: $138,464 Total Expenses for February: $16,889 Total Net Profit for February: $121,575 Difference b/t February & January: -$13,845 Percentage of net profit to overall gross revenue: 88 percent Sponsors HubSpot With the HubSpot for Startups program, you can save 30-90 percent on a platform that scales right along with you To see if you're eligible to join the HubSpot for Startups program and take your growth to the next level, visit HubSpot.com/startups Airbnb Have you ever considered hosting on Airbnb. Your home might be worth more than you think… Find out how much at Airbnb.com/host 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

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/income125, and IGNITE! January 2024 Income At-A-Glance Gross Income for January: $146,283 Total Expenses for January: $10,863 Total Net Profit for January: $135,420 Difference b/t January & December: +$5,844 Percentage of net profit to overall gross revenue: 93 percent Sponsor: HubSpot Starting your year off strong and accomplishing goals like increasing revenue and faster growth starts with the right selling tools. And for that, there's the all new Sales Hub from HubSpot! Head to HubSpot.com/sales to try it for free

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/income124, and IGNITE! December 2023 Income At-A-Glance Gross Income for December: $146,758 Total Expenses for December: $17,182 Total Net Profit for December: $129,576 Difference b/t December and November: -$29,958 Percentage of net profit to overall gross revenue: 88 pecent Sponsors HubSpot Close more deals and get on track for your best Q1 yet. Explore the new HubSpot Sales Hub and AI tools like ChatSpot at HubSpot.com/sales. Hostinger Among the top web hosting and website creation brands in the world! See for yourself. Head to Hostinger.com/onfire and use code ONFIRE for an exclusive 10 percent discount Coda A platform that empowers your team to collaborate effectively and focus on shared goals. Get started with Coda today for free at Coda.io/fire

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/income123, and IGNITE! November 2023 Income At-A-Glance Gross Income for November: $169,518 Total Expenses for November: $9,984 Total Net Profit for November: $159,534 Difference b/t November & October: +$17,686 Percentage of net profit to overall gross revenue: 94 percent Sponsors HubSpot Meet HubSpot's new AI-powered Campaign Assistant, a totally free-to-use AI tool tailor-made for the marketers and business builders who spend hours each day on content creation! Head to HubSpot.com/campaign-assistant to test-drive Campaign Assistant for free Belay Download BELAY's Bulletproof Budget template: the exact budget template they used to grow from a small startup to one of Inc. 5000's fastest-growing companies for nine straight years. Just text FIRE to 55123