Monday 1st June, 2015
9:00am to 10:00am
When launching a medical spa or starting to offer medical aesthetic services in your practice, developing an effective business plan is essential to provide order and balance to the process and also to secure the necessary financing. In order to do so, one must identify the business concept; classify target audiences and geographic markets; secure demographic data; recognize competitors; and conduct competitive research. An estimation of sales by program is needed, along with determining the architectural program. This includes coming up with the number of each type of resource, support staff and related office space, along with hallways, mechanical areas, and furniture and equipment needs. The total investment must be estimated, and a five-year financial pro forma should be prepared.
President, Acara Partners
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