Inside Aesthetics Ep 257 What's Trending in Aesthetics? (Chapter 2) | Dr Jake Sloane & David Segal
Episode 257 showcases our hosts Dr Jake Sloane & David Segal
In our 'What's trending in Aesthetics?' mini-series of episodes we discuss topics that have been popular with injectors on social media or in the news. We'll cover controversies, big stories and themes that have got our industry talking.
In Chapter 2 we cover an article published by The Sun newspaper in the UK. This reported that Laser Clinics UK (with 50 locations built in the last few years) had suddenly been forced to liquidate several of its clinics. This decision left staff jobless and patients angry, with many having paid for treatments in advance with no recourse or refunds offered.
We discuss the global trends that have led to this, other issues that larger chain clinics often struggle with and make some predictions about how difficult the next 12-24 months might be.
00:00 Introduction 01:32 Launching IA Business Mentoring 04:48 When to Get Business Help 06:40 Proactive Coaching Mindset 08:44 Whats Trending in Aesthetics Begins 10:17 Chain Clinics Under Pressure 12:19 Private Equity Explained 19:07 Economic Headwinds and Industry Shift 23:35 How Chain Clinics Won the Market 27:31 Saturation and Global Expansion Risks 29:53 UK Insolvencies and Liquidation Basics 33:34 Could It Happen in Australia 34:06 LCA Buys Back Clinics 35:12 Price War And Competition 36:26 Margins Squeezed By Costs 37:17 Value And Loyalty Problem 40:00 Skill Drain And Retention 41:47 Future Of Chain Clinics 46:28 Private Equity Shifts Strategy 47:35 Why Talent Avoids Chains 52:00 Fixes Tiering And Mentorship 54:26 Franchise Model Explained 01:00:33 Advice For Franchisees 01:07:36 Compliance And Documentation 01:12:19 Wrap Up And Next Steps