Posted on November 4, 2008 by Francis X Acunzo
The American Society for Plastic Surgeons (ASPS) has released the results of their recent poll that identifies a drop off in consumers purchasing cosmetic surgery but clearly points to the fact that consumers still remain bullish on minimally invasive procedures that are customary at most Medspas.
I believe the results of this survey point to my position that the market for Medical Spa services continues to expand and the better medical spas with a strong focus on consistent marketing and effective management will succeed even during this tough economic times.
Read more about the results of the ASPS poll.
Please feel free to provide comments.
Filed under: General, Industry Reports, Industry Resources | Tagged: ASPS Survey, medspa consultants - acara, medspa consulting by Acara, medspa economy, spa consultants - acara, spa consulting by Acara | Leave a Comment »
Posted on September 30, 2008 by Francis X Acunzo
The number 1 question that Medical Spa investors, owners and managers are asking right now is “how do the recent events on Wall Street effect me and my business”. Needless to say, as small business owners we will be impacted by the downturn in the economy and to some degree the volatility of Wall Street.
Clearly the credit crunch is having a negative impact on those seeking to add or increase credit lines or secure a loan. There is no money available right now for small business. Thus growth and expansion along with new developments have slowed to almost a standstill.
The silver lining for Medspa investors, owners and managers is that the consumer demand for our services seems to have remained strong due to market expansion. People have less money to spend but every day there are more people becoming educated and knowledgeable about the results and benefits of Medical Spa services. This market expansion seems to be maintaining and growing sales at the well run Medspa operations, locations that understand the necessity for a consistent dose of efficient marketing and effective management every day, every month, every quarter.
In addition, since there is no money to open new or shore-up failing Medspas, the well run operation is in a great competitive place. Weather the storm, steadily maintain or grow sales over the next 12 months and the outcome will be an opportunity to capture the expanding market along with the renewed energy of spending once past these difficult economic times.
We have successfully worked with Medspas across the country in the past 12 months, to help them continue their sales growth and based on our observations of the industry we continue to remain positive for the successful future of the Medical Spa Industry.
Filed under: General, Industry Resources, News Articles, Strategy | Tagged: failing medspas, medical spa consulting, medspa consultants, medspa consulting, medspa economy, spa consultants, spa consulting, wall street medical spa, wall street medspa | Leave a Comment »