By Alex R. Thiersch, JD, CEO of the American Med Spa Association (AmSpa)

Shortly before The Medical Spa Show 2019, I posted in this space about the value and utility of mastermind groups—groups of like-minded business leaders who congregate occasionally to share ideas and encourage each other to address their issues with an entrepreneurial mindset. At The Medical Spa Show, AmSpa announced the Aesthetic Mastermind groups, which provide the benefits of a mastermind experience while addressing the specific issues facing medical spa owners and operators.

The Aesthetic Mastermind is not a standard mastermind group—it is custom-designed for medical aesthetic practice owners. Instead of having one large group, the Aesthetic Mastermind will be split into smaller groups of up to five people; the membership is based on factors such as revenue, location and business stage. (Direct competitors will be added to separate groups.) Each group will challenge owners to not only maintain sensible, realistic business plans based on reliable metrics, but also expand their visions in order to become an even more effective entrepreneur.

Each group begins with a three-day, two-night "Vision Quest" retreat. This gathering will feature an experienced business coach and is designed to help group members step back from their day-to-day businesses and create a rapport with their fellow owners, share their business experiences and learn about the industry from a number of different perspectives. After the Vision Quest, the group will meet once a month, 11 times per year, via teleconference; each meeting will include the business coach to keep the group on track and "hot seat" sessions for each member. Before the actual meeting, a guest from the industry will speak about his or her experience and field questions from group members.

Watch business coach Wendy Collier discuss the Aesthetic Mastermind in this brief video.

This package costs $7,995 for the entire year, though AmSpa Members will receive an additional $500 off. Importantly, the Vision Quest's lodging, meals and program materials are included in this cost; airfare is not included, but AmSpa can provide booking assistance for your flights.

Prospective group members must complete an application so that they are placed in groups that can effectively address their professional needs. Click here to fill out the application.

May 1 is the deadline for registration for the first session of the Aesthetic Mastermind, so fill out your application today and become a part of this exciting project. You won't find a better opportunity to learn about the medical aesthetic industry from your peers in a format that encourages entrepreneurship, so act now.