I know that's not a lot of money for some, but it's a ton for my business.
I still made a profit, thanks to income of $11,745.
But expenses were up from only $2,499 the month before ...that's a 3.6x increase!
Two reasons for the big jump:
My 6-week-old MacBook Pro was stolen and I had to spend another $2k to replace it.
I spent $3.7k on a year of media liability insurance.
Regarding the latter, I’ve had 3 separate legal threats this year and one cease and desist letter. A key part of my business is publishing reviews of online courses. I try to be completely honest with my reviews, which some course owners don't appreciate.
I plan to continue writing honest reviews so decided I’d best get me some insurance to protect against SLAPP lawsuits.
My full finance report for the month is here: https://ebizfacts.com/finance-reports/november-2020/