In order to set up an aesthetics clinic of your own, you will either need the appropriate medical degrees, or you will have to work in partnership as an investor with someone who does have them.
Either way, the following are mandatory steps for setting up the business, so read on to learn more.
Budget
The budget for your clinic should be made with the following expenses in plan:
- Rent
- Cost of equipment
- Cost of employment
Renting is a preferred, economical, and practical option for the clinic building, but you will need to buy at least some of the medical aesthetics equipment.
Given how expensive those imaging, scanning, and laser machines can be, buying firsthand will burn a hole through your budget in no time.
Instead, save a fortune by buying refurbished models such as the Lightsheer Duet or the Lutronic Infini at a fraction of their original price.
As for the cost of employment, you should try to keep it as low as possible during the initial year at least.
Put a few key employees on the permanent payroll but rely on temps for handling the extra workload on particularly busy days.
Licensing
As the owner and manager, you don’t necessarily need a medical license, but a licensed physician/plastic surgeon with the right qualifications must be put in charge of the clinic’s procedural aspect.
Other than that, the following requirements must also be met for the aesthetics clinic to be registered as so.
- All estheticians working in the clinic must be licensed.
- The workforce should also consist of adequately trained and licensed professionals who are authorized to cover every aesthetic procedure being advertised.
- It must adhere to all the professional standards, as defined by the HABIA.
- Other state-specific requirements (if applicable) must also be met.
Investment
To be successfully approved for loans from banks and to find investors, you will need to make more or less the same efforts.
This makes it relatively easier to follow. We will quickly go through a few of the effective and time-tested strategies next.
- A detailed, professionally written business plan attracts investors and makes it easier to get loans.
- Appeal to potential investors who are known for supporting entrepreneurs within the beauty & aesthetics industry.
- Take your time to build rapport with the right investors by fraternizing with them at the fundraiser parties.
- Prepare a new presentation for the next investor, if the previous few presentations failed to garner the attention you needed.
- When you find a presentation strategy that worked with one of them, don’t make too many changes to it before meeting the next potential investor.
Do note that applications and presentations by people who have had successful, prior experience in the field are more likely to get approved than newcomers.
The same rule also applies to loan applications.
Even business experience in the medical and/or aesthetics business counts, but a medical license or license as an esthetician will hold the most value, aside from experience, of course.