This past Tuesday I gave a webinar on securing financing for your Medspa or Aesthetic Medical Practice. This webinar was sponsored by Eric Hansen, Financial Adviser at Merrill Lynch.
I outlined the preliminary thought process for investing in a new medspa or aesthetic medical practice, for the purchase of capital equipment or for the acquisition of an existing practice. The Webinar presented how to identify all costs involved in each scenario in order to avoid the pitfall of being “short” cash when you need it most: launching your practice or a new procedure.
In addition, I discussed the risk/reward formula as it relates to your equity/debt ratio plus touched on SBA lending and the 4 Cs: Concept, Credibility, Collateral, and Credit.
Please join me for my next webinar on Tuesday, February 7th at 1:00 p.m. EST: Opening a Successful Medspa or Cosmetic Aesthetic Medical Practice.