Over the past three months, the economy has held up better than many expected. Rising rates have helped bring inflation down and slow economic activity enough, without heavy job losses or increased stress on the banking system.
With all the ups and downs of the economy, many med spa owners – especially those considering an exit from the operation – wonder how their business valuation will fare against inflation and recession.
Most entrepreneurs envision working forever. The thought of giving up control and putting yourself second in the queue is challenging. But passing the baton to future leaders is a critical part of business success.