Laura Jeannette and Co.’s Post

Medspa Closures Here’s the hard truth: MedSpas close because owners don’t understand what it takes. Time and again, we’ve seen the following scenarios: ❌ Investment firms see the potential and buy these businesses without knowing the ins and outs of the industry. ❌ Passionate estheticians decide to branch out on their own without knowing the investments needed. ❌ Successful small spas try to scale without the proper support in place. We love that the industry is gaining such momentum, but there are a few things potential MedSpa owners need to consider before opening up shop: ✅ Are you ready to make significant investments? We hear from so many owners; they just had no idea how much it would cost to open a spa with top-of-the-line machines. ✅ Are you willing to start small? Even with enough investment, it’s much smarter to start small and build up from there, but not everyone is willing to do that. ✅ Do you have clientele just waiting for you to open the doors? If you don’t have a list of eager buyers, you are going to have to work hard to build that list and not everyone has the capacity to do that. ✅ Does your staff have the proper training to drive sales? Without an engaged staff that’s eager to help with sales, you’re just crossing your fingers that sales will be made. ✅ Do you have SOPs in place to ensure compliance? If you don’t have SOPs, you really shouldn’t open the doors—it’s just too risky. But oftentimes, owners think this is an area they can work on later. Opening a new MedSpa is not easy, and there are a lot of considerations that owners don’t think of. But when done right, opening a MedSpa can be incredibly profitable. The reason Laura Jeannette and Co. exists is to help owners tackle all those considerations so they can run an exceptional, lucrative business and avoid closure. #WomenEntrepreneur #MedSpaInnovation #MedSpa

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