Ep 59 The Effects of COVID-19 on the Cosmetic Industry | Babak Moini
Episode 59 hosts Babak Moini (Co-founder of Laser Clinics Australia)
Babak has a unique perspective into the cosmetic industry of Australia and gives his take on the effect of the coronavirus pandemic on business.
We discuss the immediate fall out of the closure of clinics, strategies to improve cash flow and how cosmetic clinics may have to change their strategies. We also discuss the worse case scenario of liquidation and what this means.
0:00 Introduction
1:03 Meet Babak Moini
3:19 COVID Impact on Business and Economy
5:16 Industry Uncertainty and Consumer Behavior
9:44 Market Conditions…
The skinny
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