Jennifer June
Appearances
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Most recently opened and grew my own med spa chain to 12 locations regionally on the northeast and was able to sell them to a private equity group in January of 2024. I've also worked for some of the larger chains as well throughout the United States in the aesthetic space.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Das erste, was man sich anschaut, ist eine SWOT-Analyse. Man kann nie vergessen, wie wichtig eine SWOT-Analyse ist. Vor allem im MedSpa-Bereich, um sicherzustellen, dass man die richtigen Entscheidungen macht. Wichtige finanzielle Gesundheit, also deine wichtigen Indikatoren, Profitabilität, Geldfluss und Kosten. Und dann natürlich sind die operativen Effizienzen sehr wichtig.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
The first thing to look at is your staffing capabilities and the technology, your tech stack, and just making sure that you're equipped to grow your business in the direction that you want to grow it.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Ich glaube, wir hören es nicht so oft, und deshalb bringe ich es auf. One of the most important things is to look outside of your own four walls. And so with your SWOT analysis, one looking at your strengths as a business and looking at your team strengths and your weaknesses, which sometimes is really hard.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Not everybody wants to admit or look deep down at their weaknesses and see what they need to fine-tune. Then you have opportunities. So what opportunities do you have to become better every single day at what you're doing? And then who's around you threatening you? Are there businesses opening up?
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
And especially in the med spa space today, Scott, five years ago, ten years ago, there were a handful of med spas. Now they're opening. I mean, you've got four and five in a single town in any given state. So making sure that you understand also who's out there and who's coming. and what threats are there.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
So your spot analysis is understanding your strengths, your weaknesses, your opportunities and your threats.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Es ist interessant. Ich sage immer, wenn Zeiten schwer sind, also Rezessionen, dann müssen die Leute irgendwo suchen, um sich besser zu fühlen. So the med spa space, actually any aesthetic space, this is actually an opportunity for them.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
As long as you've got your team in place, you're providing proper training and you're really not spending money in a way that's frivolous, buying extra equipment, overdoing your inventory. It's a great opportunity for med spas and anyone in the aesthetic space right now to capitalize. on the current economic environment.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Das ist großartig. Eines der wichtigen Dinge ist, dass es immer eine Strategie gibt, um großartige Leute und Top-Talente zu rekrutieren. Und auch eines der Dinge im Wachstum eines ästhetischen Unternehmens, des MedSpa, ist, sicherzustellen und sicherzustellen, dass du ein konsistentes Trainingsprogramm hast, das die Werte und die Kultur deines Unternehmens stärkt.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Und das kann durchschnittlich in jedem einzelnen Büro sein, sobald du wachst. Konsistenz ist wirklich das Wichtigste.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
So, it's interesting. The first step is really to take a look at what documents you have in place now. So, whether it's from your vendors, whether it's stuff that's been created internally, whether it's from a marketing standpoint, and really ensuring that the systems are being utilized the way they were designed to be used.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
A lot of times when there's even a training program, I always say folks do 50% of what they learn in the classroom. So making sure that you've got a real buckled up training program, that you have a proper employee handbook with process and procedure, and really making sure that everything is standardized across locations, including your inventory processes and scheduling processes, your hours.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
And I think to really sit back and how do you take a look at it when you're looking at other businesses or anyone's business and providing any consulting advice, ist, dass die Mitarbeiter engagiert und involviert sind in dem ganzen Prozess, und dass sie sie folgen. Wenn sie nicht folgen, dann muss man natürlich schauen und sie wahrscheinlich wiederholen. Vielen Dank.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Ja, also es gab zwei andere Leute, mit denen ich gearbeitet habe, einen Physiotherapeuten und einen Investoren. Der Physiotherapeute hat das Unternehmen mit dem Ziel geöffnet, ästhetische Betriebe an Individuen zu bieten, die nicht in einem Arztbüro sind und auch nicht in einer Schale sind. Und das war das Ziel, in jeder Gemeinschaft lokal zu sein. Und dann hatten wir auch einen Investoren.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Also konnten wir die medizinische Erfahrung und die finanzielle Erfahrung haben. Und wo ich hinein kam, war in der operativen Expertise, um das Unternehmen zu wachsen und es zu skalieren. Es war, du weißt, das Ziel war drei zu fünf und wir haben Erfolg erzielt.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Wir haben in mehreren, mehreren Städten gewonnen, in denen wir Business gemacht haben für die besten Botox- und Füllungen, also für unsere Therapien. and for our client service. And from there, we just kept going. We did de novo, so we did new builds, and we also did some acquisitions as well.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
So we work with everybody. Currently my clients, I've got a private equity, two private equity groups. I've got a group or two that do roll up. So, you know, as in the veterinarian and ophthalmology space, groups are coming in and purchasing businesses, either singular businesses or chains and rolling them into one platform for buying power.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
And then I do also work with independent owners that want to scale their business or that just want to be the best in their neighborhood.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
So what we look for, what I look for and what I help them with is one, Do you have the infrastructure and the people? And then two, what services are you currently offering that are profitable? What treatments are the ones that are on the list for up and coming? And do you have one, the team that can administer the treatments?
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Two, do you have the finances in order to add the equipment or add the treatment to your business? And three, who else is doing it in your area? And then you also always need to be updated on the legal and regulatory issues. Who can perform the treatments and are they legal in your city or your state?
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Oh Gott, dieses Jahr denke ich, dass die Unternehmen, die wachsen, und diejenigen, die wachsen wollen. Ich denke, es ist wirklich ein spannender Zeitpunkt in der Ästhetik, wo es viele neue Tätigkeiten gibt. Es gibt eine große Aufmerksamkeit über ästhetische Tätigkeiten. Und der Stigma ist nicht negativ, sondern sehr positiv.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
People are looking towards anti-aging and wellness more than they were before. And I really think that some of the new treatments and some of the new businesses that are opening, focusing on anti-aging and wellness is really, really great. And it's a really exciting time.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Yeah, take your time. You know, I think wirklich in sich selbst zu schauen. Eines der Dinge als Leiter, wenn du, weißt du, es ist traurig am Top. Ich denke, das ist etwas, das du wahrscheinlich schon in der Vergangenheit gehört hast. Und wirklich in deinem Team zu engagieren. Das Team, das vor deinem Klienten ist, ist das Team, das das Beste kennt.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Und also wirklich zu hören und darauf zu konzentrieren, was sie sagen, was sie hören und was ihre Bedürfnisse sind und sie jeden Schritt des Weges in deinem Geschäft zu involvieren. Thank you very, very much.
Becker Private Equity & Business Podcast
Evaluating Your Business Journey with Jennifer June of VMG Health 5-7-25
Thank you for having me. My name is Jennifer June and I am a senior consultant with VMG Health. We specialize in aesthetics, plastic surgery and dermatology as well as ophthalmology. I am an expert in the aesthetics field. My background lies in over 20 years of retail health and wellness in startups and turnaround situations working with private equity.