As we see an increase in the growing number of Medical Spas that continue to lose money, whether it is due to the economy or not, Acara continues to receive the 9-1-1 call from MedSpa owners and operators looking for us to resuscitate their business.
With extensive turnaround experience in the hospitality, spa and medical spa industries, the Acara team is well suited to identify the root of the problem and develop a turnaround plan. One of many examples include, Acara taking a medical spa from $25K per month up to $75K +.
The reason I’m writing this post is to provide a word of warning to MedSpa owners. I find that 70-80% wait until it is potentially too late for Acara or anyone to save their business. In order to execute a proper turnaround plan you need to spend money. There is the cost of professional fees, marketing expenses and from time-to-time operational costs (i.e. restaffing, etc). The plan will often include market re-positioning, website upgrades, staff re-engineering, sales training, management training, new service & product implementation.
It is too bad that oftentimes we receive 9 1 1 calls from businesses for help and it is too late. They have no working capital, collateral or credit remaining to invest the money into a turnaround plan.
If you think you are in need of help “don’t wait until it’s too late to resuscitate”, do it now.
A good start may be attending one of our Webinars or more specifically, attending my Webinar: Dial Acara 9-1-1 for MedSpa Resuscitation being held on Tuesday, January 27th.