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The podcast highlights the June 2024 income report of a 7-figure business, covering gross income, expenses, net profit, and profit percentage. It also discusses the benefits of the R&D tax credit for entrepreneurs, lifestyle freedom, travel experiences with a baby, and the value of mastermind groups for personal growth and business development.
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Quick takeaways
- June 2024 income report showcased 90% net profit from gross revenue.
- R&D tax credit can offer entrepreneurs money back for R&D expenses, more valuable than deduction.
Deep dives
Income Report Overview for June 2024
In June 2024, the income report revealed gross income at $124,823, with total expenses of $12,902, resulting in a net profit of $111,921. Notably, the percentage of net profit compared to the overall gross revenue was an impressive 90%, indicating strong financial performance for the month.
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