Business, March 2023

Business Smarts

March 1, 2023 | by

Winning finance and warranty strategies

 

Spa owners are naturally anxious about rising interest rates and the impact of inflation on their businesses. “Aggressive” was the best way to describe the actions of the Federal Reserve last year as it moved quickly to try to get a handle on inflation by increasing its benchmark interest rate from practically zero to almost 4.75 percent. The Fed has not indicated any intention to cut the federal funds rate in 2023, either – so what’s a spa owner to do?

“Spa owners need to find equipment with the best maintenance programs included in the financing and initial purchase contract.”

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Chris Cella
ChrisCella@lneonline.com

Chris Cella is founder and CEO of Sentient™ in Park City, Utah. A self-made businessperson, entrepreneur and operator, Chris has built Sentient over the past 12 years into the aesthetic care industry’s foremost full-service provider, offering industry-leading service and financing, and advanced technology.



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