This document presents a completed workbook assignment from the Australasian Academy of Cosmetic Dermal Science (AACDS), focusing on business planning for a medispa. The assignment, part of Unit 1.4 Practice Management and Administration, includes detailed analysis of the beauty and cosmetic medical industries, comparing and contrasting their characteristics, market values, and growth rates. It explores the differences between beauty therapies, spa therapies, and cosmetic medical dermal therapies, as well as non-invasive, minimally invasive, and invasive cosmetic medical procedures. The workbook also requires the student to provide a personal and business vision and mission statements, demonstrating an understanding of these core business concepts. The student's responses incorporate industry statistics and trends, highlighting the potential for new business ventures in the cosmetic medical field. The assignment received feedback from the assessor, indicating areas for improvement and providing guidance for resubmission. The student demonstrates an understanding of the industry and the key elements required to successfully launch a medispa.
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