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If you're an entrepreneur considering a new business venture in 2023, starting a laser tattoo removal business can be a promising venture. Laser tattoo removal is continuously gaining popularity due to the increasing demand for tattoos and tattoo modification. Continue reading to learn five reasons why starting a laser tattoo removal business could be your greatest decision this year.
Investing in a tattoo removal laser device is a great way to expand medical spas, aesthetic practices, tattoo shops, and even plastic surgery centers! Due to increasing demand for laser tattoo removal services, quick treatment times, and special savings on equipment, purchasing a tattoo removal laser is a highly profitable investment and ideal way to grow your business. Whether you're purchasing an aesthetic laser for the first time or have experience buying capital equipment, make sure you take these critical steps outlined below in your purchasing process.
Are you interested in starting your own laser aesthetic business? Maybe you’ve been thinking about expanding your existing medspa or tattoo shop with laser tattoo removal. Well, now is the perfect time to start thinking about investing in a new laser. As one year closes, another one begins, opening up many new possibilities for your aesthetic practice.
The Section 179 deduction is an Internal Revenue Service (IRS) tax code that allows medical and aesthetic businesses the opportunity to deduct the total cost of qualified equipment, such as a laser purchase, acquired in 2021 rather than writing off smaller amounts over several years. In other words, Section 179 removes the wait for reimbursement and allows businesses to receive a significant tax refund in the current year versus amortized payments over the life of the asset purchased.
As an entrepreneur or business owner, there are risks and new things to learn with any industry you are entering. We regularly hear from entrepreneurs and experienced business owners about some of their challenges when starting a laser tattoo removal business or opening a medical spa. Each industry has its own intricacies, and laser tattoo removal and aesthetics are no different. Regulations vary from state to state, and the amount the market allows for services and the process for purchasing equipment are all unique to the industry. One of the main things that Astanza clients like about working with us is limiting surprises and keeping the learning curve too steep. We do this is by walking potential clients through each phase of setting up a laser tattoo removal business or medical spa and providing real-world tips and tricks that can make starting a new business or expanding your existing practice easy. We like to think we make the process of creating a laser tattoo removal business easy.
The three most significant barriers that we see potential clients encountering when starting a laser tattoo removal business are confusion regarding laser tattoo removal regulations, not understanding the revenue model, and how to finance the purchase of a laser tattoo removal machine. Read further and see how Astanza helps you every step of the way with starting a laser tattoo removal business.
If you're in the aesthetic industry, you probably got into it because you love helping others feel more confident and look better, not because you love numbers, analytics, and data.
However, as any successful business owner will tell you, the numbers are half the game. You don't have to love numbers to run a successful aesthetic practice or laser clinic, but you do have to be familiar with specific financial metrics and pay attention to them if you want to thrive.
3 Key Metrics for Aesthetic Practices
1. Treatment Times
2. Lifetime Revenue per Patient
3. Acquisition Cost
As the year comes to a close, it's essential to analyze your aesthetic clinic's performance to determine how you can continue to invest in your business.
In a year when aesthetic clinics faced unprecedented challenges, long-term closures, restructuring, and plenty of re-grouping, we saw several emerge stronger than before. Many of those business owners used (and are still using) this time to dig deeper into their financials, operations, marketing, and available services to operate even more efficiently than before.
By revisiting ways to optimize business operations, aesthetic clinic owners have also afforded themselves the bandwidth to search for ways to stay competitive (and profitable) in their ever-changing markets. For many, this meant investing in new technology and introducing new services to their loyal customer base. Keep reading below for three ways to optimize your aesthetic laser purchase before the end of the year:
Purchasing an aesthetic laser doesn't have to be a complicated or mysterious process when you're armed with facts to dispel common misconceptions about the laser buying process. Some of the most common misconceptions about purchasing an aesthetic laser include the required credit score for obtaining a loan for an aesthetic laser and how much money you have to put down.
In this blog, we’ll answer the top questions surrounding the purchasing and financing process for an aesthetic laser.
There are many common financial transactions or loans that most Americans apply for and receive throughout our lives. The two most common financial transactions are vehicles (cars, vans, boats, motorhomes, etc.) and residential housing. As these are the two most common large financial transactions that most consumers are familiar with, we typically assume that the financial structure, banks that provide the loans, and payment arrangements are the same for every financial transaction. While that may be true in terms of down payments, credit scores, principal, and interest rates, not every loan is the same. When getting a loan for an aesthetic device, it's important to remember that all loans are not created or structured the same.
Because many consumers have a misconception that all loans are the same, they're more prone to making a mistake when purchasing a new or pre-owned tattoo removal laser or aesthetic device. To simplify financing and buying a new aesthetic laser, we put together some information on common mistakes people make when investing in capital equipment like aesthetic lasers.
Are you interested in reducing your 2021 tax bill and increasing revenue in 2022?
Thanks to Section 179, now is the best time to accelerate your tax benefits and save on capital equipment purchases. Purchasing an aesthetic laser for tattoo removal, hair removal, skin resurfacing, or other aesthetic lasers are prime examples of qualifying capital equipment for the Section 179 deduction.
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