APX Platform is launching a new “How to Start Your Own Aesthetic Practice 6-Month Incubator Program” to begin on June 6, 2022. The comprehensive program will cover everything involved from developing a concept to successfully opening and running a profitable medical spa or plastic surgery practice.
The hybrid online and live weekly coaching program curriculum was developed based on the APX Platform team’s 50+ years of combined practice management consulting experience, along with their proven methodologies from successfully launching more than 80 new medical aesthetic practices across the country.
The “How to Start Your Own Aesthetic Practice 6-Month Incubator Program” curriculum covers the five stages of practice development:
Stage 1: Vision, Mission, Feasibility, Start Up Costs and Proforma
Includes: competitive analysis, target demographics, researching and building startup costs, determining revenue per hour, labor costs, rent, marketing, administrative costs, creating a forecast and budget
Stage 2: Business Plan and Loan Procurement
Includes: Developing business plan, loan application and process
Stage 3: Site Selection
Includes: Hiring a commercial broker, lease negotiation, review of lease and letter of intent
Stage 4: Design Build
Incudes: The role of the architect and criteria for selection, build-out timeline, selecting a general contractor, the bid process and construction oversight
Stage 5: Implementation to Launch
Includes: Marketing, pre-launch planning and execution, systems (PMS, EMR, accounting software), communication, equipment, supplies, HR, recruiting, onboarding, external systems, clinical and operations, legal, regulatory use tax, vendor training, staff orientation and planning launch event.
“Based on the demand we have seen and the need for expert help when starting a medical aesthetics practice, we are excited to bring this one-of-a-kind opportunity to provide aesthetic entrepreneurs with step-by-step business guidance at the fraction of the cost of hiring a private consultant,'' said APX Founder and co-CEO Terri Ross. “What makes this program so unique and truly groundbreaking is that instead of us doing the work for our clients, we’ve developed a hybrid model where you are working alongside a senior consultant every step of the way, and using all of the tools and resources developed within the APX Business Intelligence Platform to set yourself up for success with a solid foundation from the start.”