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- 🚀 Rhode To Riches: Transform Your Biz With $50k!
🚀 Rhode To Riches: Transform Your Biz With $50k!
TL:DR Don't do it alone, join our meetups! Build business credit & steal Hailey's $1bn strategy
Laura Texidor
May 31, 2025
Hi friends
Entrepreneurship can be wildly empowering and deeply lonely.
In a recent study, 63% of business owners said they’ve felt isolated running their business. Not because they don’t love what they do, but because doing it alone is heavy.
But here’s what I’ve learned: you’re not supposed to do it alone.
Being friends with other entrepreneurs has been one of the greatest cheat codes in my journey. They get it. They’ve been through the client ghosting, the doubt spirals, the tax season meltdowns. But they’re also the best hype crew, the ones who remind you why you started.
That’s why we began hosting monthly meetups last December and every time, the energy is unmatched.
And I can say this with certainty:
No tool, no strategy, no growth hack has felt as powerful as being surrounded by people who believe in you and who believe anything is possible.
Come to the next one. We’d love to see you there https://lu.ma/004xuc78
✨ Save time and automate
Running a business is hard enough, your finances shouldn't be a guessing game.
The average solopreneur spends 5-7 hours a month on bookkeeping. Not to mention they miss out on an average of $15k+ in tax savings every year just because they don't have the right tools.
That’s why we built Investrio, your all-in-one financial center:
✅ Automate your bookkeeping
✅ Track every dollar
✅ Maximize your deductions
✅ Plan ahead with ease
You work too hard to leave money behind.
Join our private beta today and let’s make sure every penny you earn works harder for you. 💸
🏦 Finance Fix
How to build business credit
Building business credit early can open doors for you. Think of better loan terms, higher limits, and even longer payment windows with suppliers.
So how do you build it, even as a solopreneur?
✅ Get an EIN: It’s like a Social Security number, but for your business. You’ll need this to open a business bank account.
✅ Get a DUNS number: This is how Dun & Bradstreet tracks your business credit. Think of it as your business credit ID.
✅ Use a business credit card: Not for everything but enough to show consistent activity.
✅ Pay on time: Every invoice, every bill. Early if you can.
At Investrio when you track expenses, separate your accounts, and stay on top of payments we help turn all of that into progress on your credit profile.
Get early access.
🎯 Grants for Solopreneurs & Small Businesses
💼 $25K for Service-Based Businesses
The Stamps.com Flexibility Grant gives $25K to one U.S. service business with 3+ employees and 2+ years in operation.
📅 Apply here by May 31
🛒 $10K for eBay Sellers
eBay’s Up & Running Grant offers $10K in cash, $500 in tech credits, and seller education. Must be actively selling with good ratings.
📅 Apply here by June 6
🧰 $10K for Home Service Pros
Jobber is awarding 15 grants to home service businesses from repair to cleaning. Open to U.S. and Canada.
📅 Apply here by June 11
🚀 Up to $5K for small business
Pathway to Opportunities helps small businesses connect with corporate supply chains. Win up to $5K in cash prizes.
📅 Apply hererolling dates
She Launched a Lip Balm. It Sold for $1 Billion.
In less than 3 years, Rhode went from zero to $212M in sales with just 10 products and a DTC-only model.
This week? E.l.f. acquired the brand for $1 billion.
Yes, being Hailey helped. But celebrity alone doesn’t guarantee traction. (Plenty of celeb brands flop.) So what did Rhode get right?
💄Built for content, not just commerce: From “donut-glazed skin” to that viral lipgloss phone case, everything was built to be talked about even the packaging.
💄Make fewer products, but make them iconic: Rhode kept it tight just 10 products and sold out on repeat. Like Glossier meets Supreme, the scarcity built hype (and waitlists).
💄 DTC isn’t dead. But you need ops to match. Rhode scaled online, stayed tight with inventory, and now is going retail-ready with Sephora + E.l.f.’s support.
Do you have questions? Just ask Vestie, your financial bestie! 🌟
In Abundance,
Joyce and Laura
Disclaimer: The content provided in this newsletter is for informational purposes only and is not intended as financial, legal, or professional advice. Investrio does not guarantee the accuracy, completeness, or reliability of any information presented. Always seek the advice of a qualified professional regarding your specific financial or business needs. Investrio is not responsible for any actions taken based on the information provided in this newsletter. Any third-party links are for convenience and do not imply endorsement.
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