- Investrio
- Posts
- Why You Need a Separate Business Bank Account, Mental Health Hacks for Entrepreneurs, and Sprinkles’ Tips for Tough Times
Why You Need a Separate Business Bank Account, Mental Health Hacks for Entrepreneurs, and Sprinkles’ Tips for Tough Times
TL;DR: Are you an entrepreneur? We want to speak with you! Plus 50 GRANTS
We live in weird times. This week, Elon Musk introduced Optimus, the robot that can grab groceries and entertain your cat. But you know what Optimus can’t do? Help you manage your finances. That’s where Investrio comes in. 🧠💼
We’re here to make managing your business and personal finances easy without needing a robot sidekick. Whether it’s keeping track of expenses, budgeting, or planning for the future, we’ve got your back.
We also want to hear from entrepreneurs like you. Do you have challenges with your finances? How do you currently manage it? Let’s chat!
🏈 Your Brain is Your MVP
Quick Tips: Take guilt-free breaks, build your support squad, and celebrate every win.
This week was Global Mental Health Day, let’s talk about the mental load of running a business. Because let’s be real, it often feels like you’ve got a hundred browser tabs open: finances, client calls, marketing...it can be noisy up there. 🤯 (Side note: Have you tried the new Chrome feature that organizes your tabs? Game changer!)
So, how do we tune down the noise? You are your business’s greatest asset. Time to treat yourself like the VIP you are!
Take Breaks, Guilt-Free 🛌 Remember, rest is productive. Taking a day to recharge isn’t slacking, it’s essential prep work for that next big thing.
Find Your Support Squad 💬 Talk to someone who gets it. The right support system can help lighten the load. (Hello, Investrio! We’ve got a broadcast channel on Instagram just for people like you. Join us here!)
🎉 Celebrate Every Win 🎉 Big or small, each victory counts. Pour yourself a glass of something bubbly and give yourself the credit you deserve!
And don’t forget to do more of what makes you happy outside of work. For us at Investrio, that means making time for exercise. Because a healthy mind (and body) is just good business!
Finance Fix 🏦
If you caught our latest Threads post, you know that keeping your business finances separate is a lifesaver. Picture this: it’s tax season, and you’re trying to figure out which expenses were for your business and which were personal. The headache is real, right? That’s why opening a business bank account is essential. Not only does it save you from tax time chaos, but it also gives you a clearer view of your business’s cash flow.
💰 Free Money Honey
To help you, we've put together this 👉 list of 50 grants 👈 where you can find grants ranging from $500 - $200,000! When applying, make sure to review the criteria and apply to the grants that most clearly align with your business goals with the grant’s purpose. Good Luck!
🧁 Sweet Business
In 2008, Candace Nelson was rolling out her fifth Sprinkles store when the economy took a nosedive. She found a way to keep customers coming back for her gourmet cupcakes during difficult economic times. How? By serving up small indulgences that people couldn’t resist. So, when times get tough, what’s the recipe for sweet success?
💄 Offer a “Lipstick” Product Even in a downturn, people crave little luxuries. Candace knew cupcakes could be just that. Do you have a hero product that people will always indulge in, even on a budget?
The term 'lipstick effect' came about after Leonard Lauder noted in 2001 that lipstick sales tend to rise when the economy dips. The concept? Even when people cut back on big ticket items, they’ll still splurge on small treats that bring a bit of joy
💵 Hold Your Prices : Discounts might feel like a quick win, but they can devalue your brand. Instead, find ways to keep your brand's perceived value high.
📣 Double Down on Marketing : During a challenging economic environment, many businesses cut their marketing budgets, but Candace did the opposite. She leaned into promotion to keep her brand front and center, capturing the attention others let slip.
Did you enjoy today's newsletter?
Share it with your friends!
In Abundance,
Joyce and Laura
Reply