3 Recession-Proof Lessons We Can Learn From the Medspa Industry

3 Recession-Proof Lessons We Can Learn From the Medspa Industry

Opinions expressed by Entrepreneur contributors are their own. Estée Lauder chairman Leonard Lauder called it the “lipstick effect” — the growth in demand for small luxuries during times of economic uncertainty. The assumption behind this phenomenon is that when people are under more stress, beauty and self-care rituals offer a form of psychological comfort. McKinsey … Read more

7 Strategies to Recession Proof Your Business in 2024 and Beyond

7 Strategies to Recession Proof Your Business in 2024 and Beyond

Opinions expressed by Entrepreneur contributors are their own. According to Fitch Ratings’ Global Economic Outlook report for 2024, a steep 2.1% dip in world growth is expected this year. CEOs and other executives must find firm footing atop shaky terrain. Bold leadership and robust fundamentals to sustain scaling are a must in these times. As … Read more