Episode 59 · Business of aesthetics

The effects of COVID-19 on the cosmetic industry with Babak Moini

With Babak Moini, Co-founder, Laser Clinics AustraliaHosts Dr Jake Sloane and David Segal

About this episode

Babak Moini is a co-founder of Laser Clinics Australia and has a unique perspective on the Australian cosmetic industry.

We discuss the immediate fallout from the closure of clinics during the coronavirus pandemic, strategies to improve cash flow, negotiating rent, government support, how clinics may have to change their strategies and the worst case scenario of liquidation and what it means.

What you'll learn

  • How to negotiate rent and protect cash flow
  • How demand may return after lockdown
  • The difference between administration and liquidation
  • Opportunities for growth after a crisis

Topics

  • Business of aesthetics
  • COVID-19
  • Finance
  • Australia

Full transcript

The full transcript for this episode is coming soon.