Emphasize the importance of proactive planning in business through open communication with partners, particularly regarding tough scenarios like potential departures. Establish clear agreements in writing before investing resources, and consider seeking legal advice to ensure all parties are on the same page. This foundational step prevents future regrets, as no one expresses remorse for having documented their partnership agreements.
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