Episode 185 hosts Babak Moini, co-founder of Laser Clinics Australia. Babak previously joined us back in episodes 45 and 59, where he shared his story and his predictions for what the COVID-crisis would mean for aesthetic businesses.  Two years on, we reflect on the post-COVID era and the current as well as predicted global economic crisis that is looming. We explore:  Babak's current view of the Australian aesthetic market Some of the key trends that have emerged since our last podcast We then discuss the financial issues including: Whether the predictions he made in April 2020 were right, wrong or are simply delayed and still going to happen  The post-COVID demand for injectables and what this showed about the resilience of the market What our governments did to cope during COVID and the hang over effects of these including: - stimulus payments and printing money to fund it - borrowing more money, increasing national debt - the effect of lockdowns & stimulus payments on the labour force - why this has caused hyperinflation, climbing interest rates and the implications of these problems We then brainstorm some countermeasures that clinics can take including: How to audit your business and better understand your margins and profitability How to improve cash flow How to negotiate with suppliers Managing debt  IA Patreons Dr Jake & David hugely appreciate our IA Patreons who have helped support and contribute to the day to day running of the podcast:  IA Supporters: Esther Hermann, Sue Arber, Mischell Christmas, Claire Waterworth, Gavin Scriven, Stephen Land, Estelle Kelly, Georgia Rappel, Camilla Phillips, Raquel Campos IA Fans: Ish Goonewardene, Steph Burrows, Zainab Al-Mukhtar, Monica Bahamon, Jacinta King, Hazel Salvedore, Skye Carter, Cathriona Sullivan, Jessica Halliday, Jane Conchie, Natalie Smith IA Super fans: Julie Ann Rogers, Tanya Khan, Martina Lavery, Matt Manton, Stephanie Sirillas, Alexandra Davies, Vanessa Anlezark IA Gold fans: Lori Robertson, Marrisa Dennis, Natasha Keeping, Karim Sayed, Sarah Mowby Want to be an IA Patreon too? You'll be invited into our IA Patreon whatsapp group, get injecting hints & tips, you can watch our lockdown webinars and learn from injector colleagues aroud the world   Follow IA on Instagram Visit our website  Subscribe to IA on Apple Podcasts Subscribe to IA on Spotify Contact Dr Jake & David  More about Dr Jake Follow Dr Jake on Instagram Follow David on Instagram Follow Babak on Instagram