Jessica Nunn, founder and CEO of Maven Financial Partners, unveils the key to financial success in med spas. She emphasizes the importance of strategic financial management, from hiring CFOs to understanding payroll and marketing costs. Nunn discusses how aligning financial decisions with a solid business vision can enhance profitability. She advises on evaluating medical device investments based on patient demand and highlights the necessity of regular financial analysis to ease decision-making. Tune in for practical insights that can transform your med spa's financial health!
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volunteer_activism ADVICE
Building a Financial Team
Build a financial team with a bookkeeper, accountant, and CFO.
Bookkeepers and accountants manage the past, while CFOs strategize for the future.
insights INSIGHT
Initial Financial Analysis
Analyze QuickBooks for accurate expense and income tracking.
Review practice management software to assess provider performance and identify areas for improvement.
volunteer_activism ADVICE
Managing High Rent
Address high rent by subleasing, growing into the space, or adjusting your business model.
If your space is too big, consider adding services or hiring a team to utilize it effectively.
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Welcome to the Med Spa Success Strategies Podcast, presented by Ricky Shockley of Med Spa Magic Marketing. On this episode, we're joined by Jessica Nunn of Maven Financial Partners (https://mavenfp.com/)
Jessica Nunn is the founder and CEO of Maven Financial Partners. Jessica founded Maven with a vision to make strategic financial advice accessible to every small business owner. She understands that her clients carry the responsibility of maintaining a business, meeting their goals, paying their employees, paying themselves, and providing for their families. Her job is to make the complex world of revenue, profitability, and key performance indicators clear and simple. She provides clients with financial solutions that can change their business for the better, which, in turn, can change their lives.
Before Maven’s launch, Jessica was a founding partner of Skytale Group, a financial consulting firm for dental and medical spa practices. Jessica started her career in Big 4 public accounting firms preparing tax returns for high net worth business owners. Later, at middle-market accounting firms, she provided financial planning, business consulting, and tax planning strategy to small businesses and their owners.
Throughout her years of experience, she’s focused on building meaningful relationships with clients. At Maven, she serves small business owners in many sectors, including dental, aesthetics, law, marketing, construction, and more. She commits to learning a business as well as the owner does, mapping a plan to help a business perform at its full potential, and building a team at Maven who can serve clients in the same way.
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Med Spa Success Strategies