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Welcome to my July Income Report! Each month I publish an income report to take you behind the scenes of my online business and reveal exactly how much money I make, how much I spend and lessons learned along the way!
You can check out Part 1 where I review my income and goals here.
If you want to learn step-by-step how to build a website so that you can start a side hustle and make money online, check out this blog post on how to get started!
View all of my income reports here!
TOOLS
TOTAL: $1091.98
Marketing
TOTAL: $311.36
PROFESSIONAL SERVICES:
Bench Accounting – $135.00
TOTAL: $135.00
HELP:
Subcontractors
TOTAL: $1645.00
LEARNING/MENTORSHIP
Misc Audiobooks
TOTAL: $39.98
TRAVEL
$300 – AirBNB for Girlboss Retreat in Austin in September
FEES
Credit Card Processing Fees: ~ $200
OFFICE SUPPLIES
$0
As I reviewed my numbers for July, I see that my expenses are still higher than I want them to be for what I'm generating in revenue.
And while I do believe that I must invest in my business in order to grow, I have to invest wisely, with focused intention.
That philosophy applies to both time and money, because not only am I spending more money than I want to and not getting the ROI I want to get, I'm also spending more time than I want to and also not getting the ROI…
So you know whose fault that is? Mine.
My July income report is a clear representation of me winging it. Giving into the relief of not worrying about money and then making totally random decisions about how I spend my time (I'm looking at you, Bluehost Birthday Sale) and chasing shiny objects (Pinterest, that's you. Definitely important, but I didn't plan for you, Pinterest!).
Yes, I've got my schedule and I was planning my week every week, but if how I'm spending my time doesn't tie out to an overarching, clear goal? What's the point?
Oh my gosh, imagine what I could do with solid systems, a concrete plan, and laser-focus?
That's exciting to me. And that's why I'm planning to do my own little mini-retreat so that I can go off and make some decisions about what I want to focus on for the rest of the year and in 2019 and create a plan, a budget and BOUNDARIES to make it happen.
And as I plan for the rest of 2018 and for 2019, while I have a strong focus on increasing revenue, I'm going to look at realigning my spending on expenses to make it happen.
