Top 3 Reasons MedSpa’s Fail
January 10, 2008
MedSpa’s don’t fail because of lack of commitment, passion or enthusiasm of its owners. They fail because of money! More specifically lack of cash.
Top 3 reasons:
- Start-up costs too high.
- Monthly expenses too high.
- Failing to convert consultations into sales.
If you are considering opening a Medical Spa, the first thing you need to do is ensure you have the business skills to do it! If you don’t have the skills, hire a Business or Practice manager who does.
Many people focus on clinical skills and underestimate the need for business skills. You may be the best injector in the world, but that doesn’t mean you’re going to have a profitable MedSpa or aesthetic practice.
Jeff Russell
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