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YOU ARE HERE: Home Spa Development and Planning Risk Management 3 steps to managing risk before you open a spa

3 steps to managing risk before you open a spa
  1. Work in a local day spa before you open your own property. It is a great way to "dip your toe in the water before getting wet". You can see if you like the people and the day-to-day day spa environment.
  2. Attend some trade shows such as The International Spa Association Convention (www.ispaconference.com). That will give you a good overview of the industry, and allow you to network with other day spa owners.
  3. Understand that, to be profitable, you will have to spend a great deal of time in the spa. If you have to hire an expensive manager because you are unable to work in the spa, you will watch your margins shrink. The spa industry is a "low-margin" business in comparison to other businesses. It must be a labor of love.
Article ID: 012
Created:
November 10, 2003

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