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Doug Satzman

Chief Executive Officer / Advisor / Board Director

Doug Satzman is an experienced business executive and advisor currently serving as an Advisor at House Studios.2 Some key details about Doug Satzman include:

Professional Background

  • Over 25 years of experience in multi-channel retail and as a C-level executive
  • Currently works as a business advisor through Business Time Advisory1
  • Previously held executive roles at companies like Picnic and West Side2

Current Roles

  • Advisor at House Studios24
  • Advisory Board Chairman and fractional CGO (Chief Growth Officer) for Truebird.com as of late 20223

Areas of Expertise

  • Leveraging executive experience in US and EMEA markets as an advisor and board member1
  • Driving revenue growth and business development in retail and consumer-facing industries

Education

  • Educated at Rollins College1

Doug Satzman appears to be a seasoned business leader who now focuses on advisory roles, bringing his extensive experience in retail and executive management to help guide companies like House Studios. His LinkedIn profile (username: dougsatzman) likely contains more detailed information about his career history and accomplishments.

Highlights

Aug 20 · linkedin

Is the Emerging US MedSpa Industry Ready for a Roll-Up?

This continues to be an active question among many PE firms coming out of the pandemic. Based on several key indicators and my recent experience successfully running a global spa wellness operation and launching a premium MedSpa business, here are some interesting points:

🎯 US MedSpas are rapidly accelerating through early growth stages with a wide range of novel services that represents a $7.7B market value with a 15% CAGR.

🎯 Non-surgical Facial treatments lead the category with 54% share in 2023 with a 13% CAGR. Botox and dermal filler services are leading the way.

🎯 Sticky Services = High CLV : Millennials and Gen Z spend more on wellness/ beauty than other generations.

🎯 Beauty Tech is rising led by medical-grade specialty skincare products and at-home infrared/ beauty technology devises.

🎯 Many, regional businesses are popping up in US cities and most often run by Doctors and Aestheticians, rarely operated by experienced Execs with a scalable, repeatable operational model.

🎯 Little to no sophisticated, national brands are developing. An opportunity remains for more professional social media execution and national membership programs.

🎯 Winners will be sorted by those who are undisputed Employers of Choice. Quality practitioners and safety will be the defining competitive advantage.

Time for a Starbucks of Wellness? Absolutely. The MedSpa industry is primed for a roll-up. At this early stage, I think there is an argument to pick up multiple regional businesses, or alternatively, launch a premium national brand with a scalable playbook. Further, I see a play to incorporate another rising trend, Wellness Travel, with a combination of airport, resort and high-street portfolios.

✅ What do you see? What can you relate to? What did I miss? Please share comments below. . .

✅ For Case Studies, check out www.Business-Time.org and for assistance reach out to [email protected]

#medspa #wellness #healthandwellness #medspaowner #dermatology #medicalskincare #skin #skincare #botox #strategy #retail #growth #BusinessTime #franchising #licensing #stores #spas #clinics #management #entrepreneurship #startups #venturecapital #privateequity #investing

Jul 16 · linkedin

7 Tips from an Insider on Successful U.S. Brand Rollouts

It’s been 2.5 years since I started my boutique advisory Business Time after 25 years of growing premium brands domestically and globally. While leading high growth at Starbucks for 14 years in the US & EMEA and multiple stints as a CEO, including a successful turnaround of global travel wellness leader XpresSpa, several of my clients have encouraged me to share my lessons learned with my LinkedIn network of Execs, Investors and Founders.

Here are some of my key learnings in scaling consumer brands across or into the U.S. market:

🎯 Understand your Core Customer . . . Why do they come?

🎯 Understand your Core Format . . . Urban / Suburban? Kiosk / Inline / DT? Freestanding / Live off Co-Tenants?

🎯 Plan your Roll Out . . . Lead w/ Major Markets (more people, more income, global trends setters, most competition)? Own the Middle Markets (excited for new concepts, fewer people, moderate income, less competition)? Pioneer Underserved Markets (own the market, more people, lower income, little competition)?

🎯 Distance Matters . . . NY and LA are far. NY and DC / Philly / Boston are not so far.

🎯 Understand State Regulations . . . Worker’s comp insurance in CA can tip a P&L upside down.

🎯 Understand your Operational Model . . . Labor Costs, Occupancy Costs, COGS, know both of your Sales edges: Break-even & ROI Targets, Look for at least 1:2 Investment to Sales ratio, Company-Owned / Licensed / Franchised?

🎯 Have a People Plan . . . Strive for a healthy balance of new and experienced vets.

✅ What do you think? What can you relate to? What did I miss? Please share comments below.

✅ For Case Studies, check out www.Business-Time.org and for Assistance reach me at [email protected]

#strategy #retail #USretail #growth #USgrowth #BusinessTime #foodandbeverage #coffee #wellness #medspa #franchising #licensing #stores #management #entrepreneurship #startups #venturecapital #privateequity #investing #sales

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Doug Satzman
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Location

New York, New York, United States