What is an Income Report?
I create these income reports so you can see inside my business and what scaling an online business looks like. I know running a business can be terrifying at times, it’s a scary thrilling adventure where we aren’t getting a lot of guidance. These income reports are meant to help you navigate entrepreneurship as you grow alongside of me!
MILESTONE #1 – RELEASING CONTROL
I have no problem trusting my team to get the job done and to get it done correctly, but I have had trouble letting go of projects and letting my team handle them. I tend to ‘“white knuckle” everything, and because I can’t let go of my control it ends up slowing the whole project down. And it all comes down to my ego because I’m realizing that my business doesn’t need me involved in everything 100% of the time.
MILESTONE #2 – I AM LOVING LIFE IN MY NEW CITY
As most of you know, two months ago I moved from a tiny town in Arkansas that made me miserable, to a city in Texas. i struggled with not being near any other entrepreneurs and feeling isolated and lonely. Since moving, I have been able to attend two business events in one month without ever having to get on a plane. It is amazing!
MILESTONE #3 – NEW CO-WORKING SPACE
I love to get dressed up for work and getting to make friends at work, so I have moved my office into a co-working space. I have found that I feed off of other people’s energy, so when I'm at the co-working space, I'm feeding off others’ energy and that helps my productivity levels increase. I'm more inspired and more motivated which helps me create better content, connect with my audience and clients more, and it's also created more structure in my life.
MILESTONE #4 – REDEFINING RICH PERSON STEREOTYPES
When we think of someone being rich, we assume they did something scummy in order to get so much money. In my business I haven’t screwed someone over to make money, and I won’t. But this stereotype sometimes scares me, because I don’t want people to think of me negatively for having wealth. So I have been reminding myself that I can’t control what other people think of me, and it doesn’t matter what they think because I am here to empower and encourage other women through these income reports.
INCOME – $72,749
Recurring Profit – $38,106
The Scalability Lounge – $29,846
The scalability retreat – $1,828
Partners – $2,969
MAJOR EXPENSES THIS MONTH