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

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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

Kevin Rogers is the founder of Copy Chief, a community of direct response copywriters and entrepreneurs where everyone works and grows together on active campaigns.

Top 3 Value Bombs

1. The three critical components to any piece of copy are Clarity, Authenticity and Trust – CAT.

2. Authenticity and trust is the human element. You know it’s a good copy if you can feel it and people can feel and connect to it.

3. Story transcends all platforms. What we respond to the most are stories.

The Fastest Way To Build a Thriving Freelance BUSINESS & Catapult Your Copywriting Skills To “A-List” Level - Copy Chief

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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

Van Carlson is the Founder and CEO at SRA 831(b) Admin. He is an industry leader in enterprise risk management solutions with over 25 years of experience. Along with the responsibility of bringing SRA’s new products to market, he helps clients achieve their financial goals and aid in protecting a business’s assets through times of uncertainty.

Top 3 Value Bombs

1. The idea of wearing all the hats is a fallacy . You should trust your people right away and hire the best people you can and be ready to spend money.

2. Business owners value intangible assets and traditional insurance don’t do a good job in insuring intangible assets.

3. Tool the tool box. 831b is that tool in the tool box that allows you to mitigate the risks in your business.

Check out Van’s website. Tax deferral today to address tomorrow’s risks. Strengthen your business with an 831(b) Micro Captive Plan - SRA 831b Admin

Sponsor

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

Josh Mellicker is a serial entrepreneur, lifelong student of life, technology revolutionist, problem solver, always trying to become more aware of the obvious, and a decent jazz guitarist.

Top 3 Value Bombs

1. Problem solving is a skill and anyone can learn the techniques and processes to get better. This skill will translate to all the other things in life, in business as an entrepreneur and in all other important relationships.

2. Being aware of the obvious is a key entrepreneurial trait. The first power tip is don’t waste your time trying to solve a problem that doesn’t exist.

3. Don’t confuse the problem with the symptom. Identifying the problem is a skill and an art form that you can improve.

Connect to Josh - Josh Mellicker Email

Sponsors

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ThriveTime Show Attend the world’s highest rated and most reviewed business growth workshop taught personally by Clay Clark and football great Tim Tebow at ThriveTimeShow.com/eofire

Shelly Lefkoe, co-founder of the Lefkoe Institute, is an international speaker, workshop leader, and author dedicated to helping entrepreneurs overcome the beliefs that keep them from reaching their full potential. Her latest book "Hitting the Wall" shows you how to eliminate the beliefs that sabotage your business and your life.

Top 3 Value Bombs

1. It is our beliefs about ourselves in life that determines our success, not just in business but in every area of our lives.

2. You can’t make change without eliminating the beliefs that cause the problem.

3. Beliefs are statement about reality that hold as the truth and it’s the beliefs that cause this patterns. When you eliminate the beliefs, the patterns disappear.

Start eliminating a belief that limits you for free - Recreate Your Life

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

NetSuite Over 40,000 businesses have future-proofed their business with NetSuite, by Oracle! Download the CFO’s Guide to AI and Machine Learning for FREE at NetSuite.com/fire

Ziprecruiter If you’re hiring and want to find the best candidates for your office, you need ZipRecruiter. And right now, you can try it for free at ZipRecruiter.com/fire

From the archive: This episode was originally recorded and published in 2021. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.

Mike Zeller has done over 300,000 Million dollars in sales studying under the masters of the industry such as Tony Robbins, Russel Brunson, and Jay Abraham. He has mentored over a hundred high-level entrepreneurs from 4 different continents.

Top 3 Value Bombs

1. Crises are there to remake you.

2. Do the personality tests and find your Zone of Genius.

3. Your identity precedes your destiny.

Check out Mike's website to learn more about him - Meet Mike

Sponsor

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

From the archive: This episode was originally recorded and published in 2021. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.

Dorie Clark has been named one of the Top 50 business thinkers in the world. She teaches at Duke University, and her new book is called The Long Game.

Top 3 Value Bombs

1. If you want to build strong relationships with people, especially with higher profile people, you should not ask for a favor for at least a year; otherwise, they may view it as you just using them.

2. Optimize for interesting - that will help you keep moving.

3. Often many people are giving up too soon; be strategically patient, place your bet and be aware that the results may not come for a while; be willing to persevere while waiting.

The Long Game Assessment – Your career needs a long-term strategy. Visit and download your FREE Long Game self-assessment! (Sorry! This link was active when this episode was first published in 2021 but is no longer an active offer.)

Sponsor

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

From the archive: This episode was originally recorded and published in 2021. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.

Shaun is a graduate of The Citadel and former United States Army Officer, serving in Germany & Operation Desert Storm. A Police Officer since 2000, assigned to Patrol, Tactical, Narcotics & Training Units. SWAT Officer since 2003. Duties involved community education, fugitive apprehension, directed enforcement & inter-departmental interdiction operations. He served as a narcotics & vice detective, conducting investigations, in-depth reports, search warrants, subpoenas & testimony for various State's Attorney’s Offices. He received numerous awards for individual & team performance. He’s been awarded the Medal of Valor. Currently serves in Public Safety management.

MISSION of the show: Three active-duty police officers in the Chicago suburbs, facing the tough subjects, including police brutality, racial tension, rioting, and more. This is a show about opening a dialogue, accepting that something has to be done, and bringing communities together again.

Top 3 Value Bombs

1. You can help create an environment where people can go out and make millions becoming entrepreneurs. Be the gatekeeper for people to move beyond and do better.

2. If you’re miserable, life’s too short to be here. You don’t need approval from people just because you’ve decided to leave something that made you hate life.

3. Listen to the message. Words are words, but you have to dig to see what it is. If it sounds different than what you're used to, it doesn’t mean that you’re wrong.

Rebuilding Community Trust. Visit Shaun’s website to learn more about their podcast - 3 Cops Talk

Sponsor

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