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Spa & Medi Spa Business Success Fast Track

Discover proven and effective spa business strategies to prevent reinventing the wheel and ensure success. Tap into ideal solutions that are easy to implement

Quantity:

$1,200.00

Description

Not having a detailed business plan is like trying to build a building without a blueprint. You may build it, but it will not survive past the first storm. Spa Medi Spa Business Success will help spa professionals build a solid business foundation. To be successful, you will need the proper business systems, financial structure, and effective growth strategies.


Module 1: Essential Business Foundation

Do you have a business plan?

Every spa needs a business plan to ensure success. In this module, you will receive a business plan template in a Word document that you will be able to customize to set a solid foundation that will help you build a solid business. You will be able to clarify your mission, values, vision, financial planning, marketing strategies, sales and revenue streams, guest experience, team essentials, and operational guidelines. Once you learn to clarify your plan and put it on paper, you will be able to make your vision a reality and begin implementing your plan. This module is the foundation for your business success!

Module 2: Gaining Financial Health

How healthy is your business?

Financial health is what every businessperson strives for. In this module, you will discover several financial topics that you should focus on and monitor continuously. You will take a financial assessment, determine your current capacity, set new financial goals, tap into missed opportunities, plan new financial goals, learn tips to managing your budget, learn about financial ratios, and learn how to monitor your finances. As a result, you will be able to recognize your financial standing and gain a total understanding of what it takes to have a healthy business.

Module 3: Finance Management

How closely do you monitor your finances?

In the last module, you learned how to set your financial foundation, and in this module, you will learn how to manage your finances. You will discover techniques to maximize revenue streams, streamline expenses, plug the holes, increase profits, monitor daily intelligence, and hold the team accountable. Managing finances doesn’t have to be difficult – it’s enlightening and it helps you manage your business instead of your business managing you.

Module 4: Effective Compensation Models

Is your compensation model depleting your bottom line?

Business growth is what every spa leader wants to experience. However, many are barely breaking even due to their compensation model. This module will go into details about how to create a compensation model that is based on performance. You’ll learn about industry compensation challenges, the steps to creating your compensation model, how to change your compensation model, and how to present it to the new employees or existing team members. Implement the VPG (Volume Per Guest) compensation model and pay your team their true worth. A performance compensation model will engage your team and help you increase your bottom line.

Module 5: Tapping Into New Revenue Streams

Are you generating enough revenue?

Sometimes spa owners get stuck offering the same services over and over. In this module, you learn how to tap into new revenue streams to help you grow your business. You will be able to implement new structure, revenue targets by department, profit vs. revenue, smart pricing, in addition to discovering 17 new revenue streams to increase sales. These strategies are very effective and easy to apply; you will be able to sell more treatment series, increase retail sales, improve your e-commerce, and improve number of client referrals. You’ll gain innovative methods that will lead to more income.

Module 6: Fine Tune Your Leadership Skills

Are you a leader others want to follow?

As a spa professional and entrepreneur, leadership skills are a must if you want things to run smoothly and professionally. In this module, subjects are discussed that can help build your leadership skills and help you employ systems and processes, protocols and rituals, operations management, team building strategies, effective communication, and other must-have skills. Execute these strategies and become a leader that others would want to follow.

Module 7: HR Essentials & Training Tools

Do you have HR tools?

Human resources is a very important function within your spa operations. In this module, you will learn what the HR role is and what it should entail. Learn about HR department functions and responsibilities such as HR essentials of recruiting, hiring, and maintaining a team. You will also discover the importance of setting up the team for success with team development and departmental training. Having all the essential HR tools will have a positive impact on the way your spa operates and how your employees perceive you.

Module 8: Guest Experience & Retention

Are you delivering a “wow” guest experience?

Human resources is a very important function within your spa operations. In this module, you will learn what the HR role is and what it should entail. Learn about HR department functions and responsibilities such as HR essentials of recruiting, hiring, and maintaining a team. You will also discover the importance of setting up the team for success with team development and departmental training. Having all the essential HR tools will have a positive impact on the way your spa operates and how your employees perceive you.

Module 9: Elevating the Spa Team Performance

How would you rate your team’s performance?

A business is only as successful as its’ team. Having a successful team requires training. In this module, you’ll learn strategies to improve your overall team performance. You will be able to implement structure, performance standards, management by objective, as well as how to improve performance, converse with the team, reward and recognition. As a result, you will be able to motivate, train, and build your dream team.

Module 10: Growth Strategies

Is your spa business growing in double digits?

Every business wants to grow, and that’s why you need to tap into a blueprint on how to achieve your goals. In this module, you will learn how to manage your inventory, tap into sales guidelines, gain referrals, build your lists, and maximize service and retail volume per guest. All these factors combined will boost business growth. Utilize this content and chart a new path to success!

Module 11: Maximizing Profits

How profitable is your spa?

Augmenting your profits doesn’t have to be difficult – sometimes it just takes approaching your situation from a different direction. This module gives you tips to maximize your profits by studying pricing strategies, tips for maximizing capacity, setting a marketing budget, implementing effective marketing strategies, and monitoring your expense to revenue ratio. Understanding how profit can be increased will give you a head start on employing your plan!

Module 12: Standard Operating Procedures

Do you have systems in place to ensure consistency?

A system is always better executed when it’s well documented and easy to understand. This module provides spa leaders with the best information for setting your operational standards, improving reception performance with organization, outlining opening and closing protocols, enforcing treatment room protocols, guest supplies, team manuals, and guest experiences. Having this content will provide you all the tools needed to practice structure, systems, and strategies to help ensure your success.

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