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Rx for Body & Soul
By Kitty
Bean Yancey , USA
TODAY
12/29/2005
9:09 PM
CATALINA, Ariz. —
Here at Miraval,
Life in Balance in
the saguaro
cactus-dotted Sonoran Desert outside
Tucson ,
there's more than
massage on the menu.
Guests at the
high-rated
destination spa can
confront anxiety and
unproductive
personal behavior
patterns via the
Equine Experience —
interacting with a
horse on foot. It's
nothing to snort at:
Oprah Winfrey and
AOL co-founder Steve
Case have tried it.
Ten-year-old Miraval
has always been
known for
cutting-edge
mind-body therapies.
Now, like a growing
number of
destination spas —
or "wellness
resorts," as some
prefer to be called
— it's taking its
restorative mission
further.
Programs melding
traditional medicine
and alternative
therapies treat
mind, body and
spirit and promote
longevity, Weil
says. Wellness is a
buzzword in the
travel industry
these days, meaning
anything from a
massage-laced
package tour to
cutting-edge
treatments at a
serious health
retreat.
The
International Spa
Association says the
medical-spa niche
grew faster than any
segment of the
U.S. spa industry from 2002 to 2004 —
by 109%, vs. 26% for
the
U.S.
spa industry as a whole. It says 471 U.S. spas
offered medical
treatments in 2004,
ranging from day
spas that sell Botox
shots to destination
resorts offering
diagnosis and
treatment by
board-certified
physicians. The
field grows so fast
it's hard to keep
count: The
International
Medical Spa
Association puts the
number of such spas
at over 1,000.
More and more,
people seek
self-awareness and
healing, says Harley
Mayersohn, Miraval's
vice president of
branding and
marketing. He thinks
those who've felt
the benefits of a
spa stay will
embrace what he
calls "a community
based on the shared
value of health."
The counselor/hypnotherapist
takes patients'
histories, then
moves his hands up
and down their necks
and backs, searching
for "hot spot".
Meanwhile, guests
who've been through
the Equine
Experience swear
that an hour in the
corral working with
Wyatt Webb has
taught them more
than multiple
sessions with a
shrink.
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8 Perpetually Hot
Businesses
We've got brand-new
updates on 8 of our
businesses from our 2005
hot list. And guess
what? They're still
sizzling.
November 16,
2005
By
Entrepreneur
magazine staff
Eight
of our
businesses
from 2005's Hot
List--pet products
and services, and
medi-spas,
to name a few--are
still seeing record
growth. One year
later, here's
another look at
these continually
hot businesses.
We've got updated
stats and the latest
trends to help you
decide if these are
the industries for
you.
Technology
Security
Consulting
With spam,
spyware,
security
breaches,
software
patches,
viruses, worms
and hackers to
worry about,
many businesses
are turning to
technology
security
consultants for
help. While some
will use their
regular IT
vendors, there's
an increasing
demand for
specialized
consultants who
are up-to-date
and
knowledgeable
about all
aspects of
technology
security. Many
businesses
figure if the
system still
runs, why
replace it? This
has created a
demand for
consultants with
fluency in
20-plus-year-old
computer
languages.Amanda
C. Kooser
(updated by
Steve Cooper)
Med-Spas
Get off work and
drop by the spa
for a quick
laser peel.
Welcome to
medicine in the
new millennium.
More and more
consumers want
medical services
(we use the term
loosely) to feel
like a trip to
the salon, and
businesses that
provide that
feeling are
seeing healthy
returns.
Medical spas, or
"med-spas," have
become a beauty
of a business
category.
Services include
dental
cosmetics,
chiropractic
services, vein
removal, laser
skin resurfacing
and even laser
eye surgery.
Consumers are
looking for a
quick fix and
some pampering.
On the other end
are doctors
breaking into
higher-end
services where
haggling with
insurance
companies isn't
an issue.
"Physicians from
all realms are
getting
involved," says
Melinda Minton,
a spa consultant
in
Fort Collins
,
Colorado
, and founder of
The Spa
Association.
"They just
decide that
they're now a
spa."
Marcia Fosnaugh-Avis,
46, has
transformed her
late father's Southfield , Michigan , dermatology
clinic,
Fosnaugh Center for Plastic and Reconstructive Surgery,
into a med-spa
offering
everything from
face-lifts and
liposuction to
Botox
injections.
She's also
started a
skin-care line
called Clinitone.
Today, the
center has
annual sales of
about $3
million, with
the med-spa
constituting 30
percent of the
company's
business.
Home
Automation
(Digital Home
Consultant)
The demand for
home networking
is growing, with
nearly 86
percent of
consumers
wanting to
install custom
electronics in
their homes,
according to the
Custom
Electronic
Design &
Installation
Association.
Home security
systems top the
list of desired
automated
amenities,
followed by home
entertainment,
lighting and
window
coverings. As
big-name
electronics
manufacturers
like Dell,
Microsoft,
Philips and Sony
continue to
design home
automation
products for the
mass market, the
entrepreneurial
opportunity will
be found in
installing and
maintaining
these systems,
says Hoover . This Houston entrepreneur, who expects sales of $2.8
million this
year, notes that
the challenge
comes in
integrating
pieces of
technology from
different
vendors--but
that the end
result is
astounding to
consumers.
Nichole L.
Torres
Financial
Aid/College
Planning
The
National Center
for Education
Statistics
reports the
total enrollment
in
degree-granting
institutions
increased 23
percent from
1988 to 2002;
and between 2002
and 2004, total
enrollment is
projected to
increase another
17 percent, to
19.5 million.
Students and
their parents
are realizing
that time and
care are
essential in
planning for
college, and
that's where
entrepreneurs
come in.
Families spend
$5 billion
annually
researching and
applying to
colleges. By
researching and
finding the
right school,
filling out
admission and
financial aid
applications,
and then
evaluating
acceptances and
rewards,
ConnectEdu helps
students find
the school that
fits their
needs. Projected
revenues for
2005 are $3
million to $5
million, but
students--not
profit--come
first in this
operation,
according to
Powell.--April
Y. Pennington
Upscale
Pet Services
The American Pet
Products
Manufacturers
Association Inc.
estimates $35.9
billion was
spent on pets in
the United States in 2005, up from $34.4 billion in 2004.
With more than
80 percent of
pet owners
purchasing at
least one
accessory for
their pet in the
past year, the
exponential
growth of the
upscale pet
services sector
signals a
seismic shift in
pet owners'
attitudes. "More
people are
treating their
pets like
humans, thus
looking for
human-like
services and
products," says
Bob Vetere,
managing
director and COO
for APPMA. The
two top
U.S. pet
supply chains,
Petco and
Petsmart, have
boosted sales by
adding high-end
merchandise and
services to
their stores.
While that may
sound ominous
for
entrepreneurs,
the good news is
that many pet
service
consumers prefer
boutiques to the
larger stores.
The key is
specialization.
--April Y.
Pennington
Middle-Aged
Women
(Over-40
Women)
Teens aren't
the only age
group
soaking up
attention
these days;
middle-aged
women--35 to
55--are
making their
purchasing
power felt.
Middle-aged
women are
also key
customers
for health
foods and
supplements.
Forty-year-old
Tori Stuart,
founder of
Needham,
Massachusetts-based
Zoe Foods,
expects $4
million in
sales this
year for her
soy and
flaxseed
cereal bars.
Stuart's
core
customers
are women,
and products
formulated
to relieve
menopause
symptoms are
especially
popular.
Focus on
simplifying
their lives
and the
experience
your product
or service
offers.
Senior
Concierge
Here's
another
business
idea where
you're only
limited by
your
imagination.
A concierge
service for
seniors
could both
provide
escorted
transportation
and bring
services
into the
home,
depending on
what the
client
requests.
Think
beautician
services,
dry
cleaning,
mobile vets,
domestic
help--again,
anything
that makes
seniors'
lives easier
and also
makes use of
their
disposable
income.
That's just
what Dick
Padgett had
in mind when
he started
Five Star
Concierge.
"The senior
market needs
a reliable
source of
transportation
and care,"
says
Padgett, 55,
who offers
escorted
transportation,
personal
shopping and
errands,
technical
consulting
and
training,
handyman
services and
more.
--Karen E.
Spaeder
Senior
Care
Consultant
(Senior
Home
Transitions)
The
options
are
many
in
this
sector,
as
you
can
also
provide
services
like
helping
research
new
places
to
live,
finding
a
realtor,
selling
the
home,
packing
belongings,
arranging
for
or
performing
the
actual
move,
and
unpacking
at
the
new
destination.
Jim
Stevens,
president
of
Cleveland-based
Caring
Transitions
Inc.,
a
member
of
the
National
Association
of
Senior
Move
Managers,
started
his
company
in
June
2003
to
help
seniors
with
the
physical
packing
and
unpacking,
moving,
resettling
and
myriad
details
involved
with
a
big
move.If
you
go
the
moving-management
route,
expect
to
spend
up
to
$10,000,
plus
the
cost
of a
vehicle,
on
an
initial
supply
of
packing
materials,
a
dolly,
a
toolkit
and
professional
uniforms.
-K.E.S.
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