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What areas can dermal fillers treat?

For those of you that have attended our Foundation and Advanced Botox and Dermal Fillers courses, you will be aware that dermal fillers are used to introduce volume back into areas of the face that have lost volume during the ageing process. There’s lot to learn about fillers, do you know your Juvederm Ultra 2 from your Ultra 4? And what about knowing your marionette lines from your tear troughs?  

Where can dermal fillers be used?

Dermal fillers have a wide multitude of uses from the obvious to the not so obvious. If you have a patient that is interested in having dermal filler, we advise that you get them to attend an initial skin consultation with you before having the treatment. This will allow you to find out more about the patient’s medical history, and the look that they are hoping to achieve.

Tear troughs Cosmetic Courses;Picture showing Tear Trough Treatment Before & After

These are the lines under your eyes that make your eyes look tired. A loss of volume in the area, a loss of tissue elasticity or a mild reduction in bone density could all be causes of concern. By using an advanced technique, dermal fillers can be placed in either the tear trough itself, slightly lower in the cheek area, or indeed a combination of both to achieve brighter, more rejuvenated eyes.

Naso-labial folds
Commonly known as the smile or laughter lines, these are the two skin folds that run from each side of the nose to the corners of the mouth. If you are bothered by your nasolabial folds, and wonder what to do to improve the area then filler is perfect to fill out these folds, and partnered with cheek filler the face will appear much younger looking.

Mouth corners

Sometimes the corners of your mouth can droop leaving you looking unhappy. Dermal filler can be placed below the corners of the mouth with a small amount directly into the corners of the lips.

Marionette lines
Marionette lines run between the corners of the lips down towards the chin and jaw giving a puppet-like effect. As we age, our facial bones become smaller resulting in lines like these appearing. Dermal filler is great for filling in these lines making them less prominent.

Cheeks

As you age you lose an amount of subcutaneous fat which can result in a loss of volume and elasticity to the face. This in turn highlights hollow cheek bones, and the presence of excess skin resulting in sunken cheeks. This can cause someone to appear gaunt and tired-looking. Dermal fillers can be injected into this area to plump out the face with natural volume and a gentle lift. This is an advanced technique and is offered at one of our specialist training days.

Lips & vermillion borderCosmetic Courses; Image showing Lip Fillere treatment  before & after

A celebrity favourite and probably the most well-known use of filler. The lips can be injected with dermal filler either in the body of the lip to boost fullness or the border of the lips to increase definition. This treatment is ideal for correcting thin lips but can also help solve problems with a downward smile and the need to lengthen the mouth.

Chin augmentation

A perfect alternative to a surgical chin implant, is a non-surgical chin augmentation which is achieved with dermal fillers. Fillers will help define your jaw line and although only a temporary solution it is a great way to see what can be achieved surgically if you are unsure.

Smoker’s lines

These are the vertical lines above the lip that appear when you pout. They are mostly caused by regular lip movements but are also called smokers lines, because regular smoking means pressing the lips together.  If your lines are deep enough then they can be drastically reduced with a small amount of injectable filler to achieve a smoother appearance.

Nose
Have you heard of the lunchtime nose job? Dermal fillers can now be used to straighten out any lumps or bumps in your nose without the need for any surgical downtime. Fillers are injected into the nose to smooth out slight bumps in the bridge of the nose, or rectify a crooked line of the nose (particularly in profile view) and even cartilage irregularities at the tip of the nose all in less than 15 minutes! This is another advanced course available for those that have been practicing in dermal filler for a while.

Hands

Hands are a new use for fillers, patients have found that the use of the fillers in their face is great for concealing their real age, but then it is often their hands that give it away. Ageing hands lose volume and the skin appears thinner. Having filler injected into the skin on the back of the hands can make them appear plumper and less veiny.

So now you know your areas, let’s look at the product that we use on our training days at Cosmetic Courses:

Juvaderm®  Vycross Range

The Juvaderm® Vycross range is a smoother gel which means you get a comfortable treatment. The risk of bruising and swelling is reduced as is any discomfort as anesthetic is added into the formulation of the filler. The Vycross range provides subtle and natural outcomes due to the smoothness of the gel making it easier to inject with precision.

The Vycross range has 3 different forumulas;

Juvederm® Voluma 

Juvederm® Voluma is a much thicker hyaluronic acid gel which has been made by altering the cross-linking technique used in Ultra to create a more viscous result. Voluma can be used for recontouring and restoring the face in the case of age-related volume loss. Designed for deep volume restoration to re-contour the face in areas such as the cheek bone and chin regions.

The effects of Juvéderm® Voluma® last for approximately up to 18 months.

Juvederm® Volbella
Launched in Paris Juvederm® Volbella® is specifically designed to enhance lip volume and define lip contours, with a completely natural look and feel.  The filler has a smooth, liquid consistency for a smoother look and the addition of lidocaine anaesthetic makes the treatment even more comfortable in an otherwise uncomfortable area.

The effects of Juvederm® Volbella® last for approximately up to 12 months

Juvederm® Volift®
This revolutionary dermal filler is produced using VYCROSS™ technology. This creates an ultra-smooth gel for natural appearance with minimal swelling and bruising. It is best used for smoothing nasolabial folds and facial contours.

The effects of Juvederm® last for approximately up to 15 months.

Juvederm® Hydrate Cosmetic Courses; image showing dermal filler product Juverderm Hydrate

The Juvederm Hydrate is used to improve skin hydration and restore elasticity which is lost through ageing. It works by replacing hyaluronic acid but unlike traditional filler it acts as a hydrating agent attracting and keeping moisture within the skin to achieve that healthy natural glow. Juvéderm® Hydrate is most commonly used for very fine lines and wrinkles associated with ageing. It has also been recommended as an early treatment for crow’s feet and fine lines around the mouth.

The effects of Juvéderm® Hydrate last for approximately four to 6 months

Juvederm® Ultra is our most common dermal filler. The filler contains non-animal hyaluronic acid with the addition of 0.3% lidocaine which is a local anaesthetic to make you feel comfortable both during and after the treatment.
There are actually four different formulations for Juvéderm® ULTRA available;

Juvederm® Ultra 2 is a highly cross-linked formulation which is used for the subtle correction of medium facial lines, in particular those around the corners of the eyes and those very close to the surface of the skin. It can also be used to around the lips to enhance natural lip contour.

Juvederm® Ultra 3 Cosmetic Courses; image showing dermal filler product range Juverderm Ultra 3

Ultra 3 is another highly cross-linked formulation but is instead used for more versatility in contouring and volumising anything from moderate to medium facial lines and skin depressions, in areas such as the nasolabial folds. It can be used subtly in lips to enhance lip contour, increase volume and maintain a youthful smile.

Juvederm® Ultra 4 [image]

Ultra 4 is a highly cross-linked robust formulation used for volumising and correction of medium to deep folds and wrinkles, including adding volume in the cheeks and chin improving contour to the face.

Juvederm® Ultra SmileCosmetic Courses; image showing dermal filler product range Juverderm Smile

The newest arrival to the Juvéderm® ULTRA family the Juvéderm® Ultra Smile is based on the Ultra 3 product but it is specifically targeted for use in the lips. It works by providing fuller but softer and natural looking lips and smooths fine lines to fully enhance the mouth area for a fresh new look.

The effects of Juvéderm® Ultra Smile lasts approximately up to 18 months

If you would like to find out  more about our Advanced Dermal Filler Training Course and the product range that we use, you can call the team on 01844 390110 or email [email protected]

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Posted on May 24, 2016 by: CosmeticCourses

The differences between Male and Female Ageing

As technology has advanced, it has become more apparent that in society we are more obsessed with how we look. Mobile phones, iPads and tablets, make capturing the moment even easier with the rise in ‘selfies’ and social media sharing. Within the aesthetic industry, there has also been a shift. Over 90% of procedures performed in the UK in 2015 were non-surgical, and approximately 800,000 of those treatments were for Botox and filler treatments. Many clinics are also reporting that they have seen an increase in the volume of male patients that they are now Image showing Peter Andretreating with in their clinic, showing that it is not just woman that are interested in anti-ageing treatments. This could be due to more male celebrities admitting to having treatments, such as Peter Andre and Shane Warne having a little ‘Brotox’ here and there.

One of the questions that we at Cosmetic Courses have been asked by our delegates over the past few months is; are there any differences between the male and female ageing process? 

In essence, the ageing process itself is more or less the same, but it is worth noting that there are significant differences between both sexes anatomy, and care should therefore be taken when carrying out aesthetic treatments to ensure a natural and harmonious look is achieved to suit both sexes.

The areas that we believe need to be treated differently for Males and Females are the following:

  • Forehead
  • Eyebrow
  • Cheek
  • Nose
  • Jawline and chin
  • Peri Oral Area

The Forehead

Picture showing the difference between male and famle supraorbital ridgeThis is one of the most important areas for rejuvenation, but there are noticeable differences between the sexes. Anthropologists use the forehead as an indicator to determine the sex of the skull. It has been observed that a female skull has more of a flat supraorbital ridge, with a smooth convexity up to the hairline, whereas the male skull has a more pronounced supraorbital ridge with some concavity before the forehead becomes flatter towards the hairline. This skeletal structure is what influences the soft tissues and the overall position of the eyebrows.

Eyebrows

The male eyebrow is flat and tends to sit along the supraorbital ridge whereas the female brow arches at a 10 -2- degree angle with a tail that is more superior to the head. 

The aim of aesthetic treatments is to restore a more youthful and natural looking appearance. To treat this area for a female it may require forehead re-volumisation and a bit of brow lifting to maintaining that feminine look, but applying the same technique for males, it could result in over feminising, and portray an unnatural. To stay respectful of the male gender, it is advised to not lift above the supraorbital and to only elevate the ptotic brow to ensure the most natural look is achieved.

Cheeks

Image showing of LeonardoDicaprioThis is an area that is extensively covered in female rejuvenation, but it does come with limited descriptions when it comes to males. Females have a rounder and fuller cheek due to having a thicker fat compartment in the medial area compared to the lateral area. In regards to female ageing, a fuller cheek gives a more youthful look, referring back to the triangle of youth – everything is more pert and smoother. Male cheeks tend to be flatter and more angular due to a thinner layer of subcutaneous fat. The technique used to treat this area have slight differences, and the volume of product used needs to vary. To keep the ‘flatter’ cheek look for male patients, product should only be used to replace the volume loss. Females can have slightly more product used, and this can be replaced more often to maintain the fuller cheek look.

Nose

Image showing Naso LabialThere are more subtle differences between the sexes in this area. There are 2 angles that are used to determine the ideal nose shape: Naso-labial Angle and Naso-frontal angle.

Naso Labial is the angle between a line drawn from the lip border to the base of the columella to the nasel tip. This angle is slightly more obtuse and slightly upturned for females, and it’s also necessary to consider your patients cultural and ethnic differences when treating this area.

Image showing the Naso Frontal AngleNaso Frontal is the angle at the radix, the lowest point of the nasal bridge formed by a line running from the radix to the glabella and from the radix along the dorsum of the nose. This position of the radix is important between males and females. Females are normally in line with the lash line whereas males are at the level of the tarsal fold.

Jawline and Chin

Both masculinisation and feminisation techniques can be used within this area. Toxins can be used to narrow down the masseter or curve the chin, and Dermal Fillers can widen the jawline, increase definition or add a sharper gonial angles as well as flatten or enlarge the chin area.  Different cultures and ethnicities have different representations of what they believe is an attractive jawline, so it is useful to be aware of this when treating patients. The Hollywood ideal is a defined as a strong wide jaw for males whereas females have a softer narrower pointier chin.

Perioral Area

Treating this area is a more common request in females rather than males. Male skin within this area is thicker than in females, who tend to suffer more with smokers lines and wrinkling. This area benefits from toxin, filler and skin resurfacing treatments for both sexes. If treating a male patient, we suggest you treat with caution.

Image showing before and after photos of the Peri Oral areaWhen treating both the female and male face for any aesthetic treatment, it is important to book them in for a full consultation, to undertake a facial analysis. Within this consultation, grade the upper, mid and lower face in terms of structure, proportion and symmetry. Within our training, we advise that you take photos of all your patients and keep these as a record to show before and after treatment– it also helps to show the patient how far they have come on their treatments with you.

At Cosmetic Courses, we offer an advanced Botox and Dermal Filler training Course which offers more advanced techniques. If you would like to find out more about the course, or have any questions, please call the team on 01844 390110 or email [email protected]

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Posted on May 10, 2016 by: CosmeticCourses

What Business Insurance do I need?

The Importance of Business Insurance

Regardless of the size and industry type, all businesses will deal with risk on a daily basis. Business insurance is there to help you manage these risks and keep the costs of any unexpected risk or accidents to a minimum. Examples include theft, fire, accidental damage and equipment breakdown to name a few. Those that choose not to take out business insurance risk losing their business should the worst happen.

Business insurance is made up of a group of insurance coverages that are in place to protect the business against work related risks and lawsuits. Within the Aesthetic Industry, the following insurances need to be considered:

– Public Liability Insurance

– Employers Liability Insurance

– Professional Indemnity Insurance

– Medical Malpractice Insurance

Public Liability Insurance:

As a business owner, you can be liable for all kinds of accidents to either the property or a member of the public. Public Liability Insurance is there to protect your business against any costs of defending or settling claims for property damage of bodily injuries to a member of the public, including trips, falls and slips. This type of insurance is for businesses who have customers visit their premises or if they visit customers in their own homes and for those that employ members of staff.

Employers Liability Insurance

Your employees are one of your greatest investments, and as an employer you have an obligation to provide safe working conditions for them to work in. Employers Liability Insurance is there to protect your business against any employee claim, whether that is a bodily injury or Illness caused by the work your employees do for you.

Who needs Employers Liability Insurance?

In order to safeguard all employees in the UK, it’s a legal requirement* for most businesses with employees to have at least £5 million of cover in place. If you’re self-employed, liability insurance will also, in most cases, be a legal requirement if you employ one or more people.

Professional Indemnity Insurance

Also know and ‘PI’ insurance, this can help to protect your business if there is a claim made against the work that you have done for a client. PI will offer you cover if you need to pay compensation to correct a mistake, and cover your legal costs if you are settling a claim including; negligence, infringement of property rights and breach of confidence.

Medical Malpractice Insurance

This Insurance is designed for anyone working within the healthcare industry, and provides public liability and professional indemnity cover to safeguard claims of negligence and medical malpractice.  This cover will cover you for legal costs of defending action as well as bodily and mental injury and illness cover.

Insurance Providers

Here at Cosmetic Courses, we can recommend a number of insurance companies who will be more than happy for you to contact them if you’re  Hamilton Fraser l Cosmetic Insurance providerlooking at, or have decided to have a career within the aesthetic industry.  The medical professionals that we train will already be aware of the necessary insurances that will be needed to ensure they are covered, but will incur extra charges when mentioning that they wish to start in the aesthetic industry. Here is a little more information on the insurances companies that will be more than happy to discuss your needs:

Hamilton Fraser Insurance:

With over 20 year’s experience, Hamilton Fraser are one of the leading insurance providers within the cosmetic industry, their aim is to provide you with the best quality insurance and service.  As each case is different, we recommend contacting them via their website or by phone to be able to get the best quote for you and your needs.

Crompton Bailey Insurance Crompton Bailey Limited 

Crompton Bailey Limited  was established in 1978 and are primarily commercial insurance brokers, but have recently moved into the aesthetic industry.  The company originally operated in Chedderton but moved to Ashton Under Lyne in 1992 due to company expansion, and have been building up their client base through word of mouth and recommendations. 

Hiscox

Head quartered in Bermuda, Hiscox in an international specialist insurer. With a long history and expertise in providing specialist insurance for Hiscox Insurance logopersonal or business purposes, each quotation is tailored to your specific business needs.  Find out more about Hiscox here

 

If you would like to find out more about how you can get in contact with any of the above insurance companies, or you would like to discuss anything mentioned with any of our team, please call 01844 390110 or email [email protected]

 

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Posted on May 4, 2016 by: CosmeticCourses

How are we doing? Our latest delegate satisfaction survey results

With the first quarter for 2016 coming to a close, we like to take the time to reflect on the service and the experience that we are providing. We have had a fantastic response to our recent satisfaction survey and we would like to share with you these results and let you know the action points from any feedback that has been given.

Cosmetic Courses delegate satisfaction survey resultOut of the 5,000 delegates that we have trained to date, 82% of those who completed the survey are currently practicing in Aesthetics, with 36% treating their first patients within one month of attending a course.  With 55% of our delegates treating under 5 patients per month, many feel that they are not sure what their next steps are, and need a little more guidance and support with their practical skills and business advice.

We understand that it can be a scary concept starting up your own business and with so much to think about it can feel like quite a challenge at first. Within our Foundation Courses, we provide you example consent forms for you to have as a guide, and offer you a small insight into the do’s and don’ts when it comes to advertising.

We have also started to put together some business blogs including marketing advice, details on insurance providers and choosing your location. We also have courses coming up Cosmetic Courses; customer satisfaction surveyon the art of ‘selling’ and understanding the function of different skin products to help to increase your revenue.  If once you have completed your course, you’re still not sure if you have enough confidence to be able to start practicing on your own or you have had a little gap in between, we offer further bespoke 1-2-1 training tailored to your requirements.

In your own words:

We have had some lovely feedback from you and would like to share some of your kind words:

“Thorough, safe, models provided. Great Trainers. Lovely office staff friendly and helpful”

“Good Course, experienced trainers and hands on practical”

“My experience with you has helped me feel confident to start offering various treatments.”

“Bespoke, small groups, friendly staff and finance options available.”

And finally we are very pleased that 86% of you would recommend us to others for their training needs.  

Cosmetic Courses; customer satisfaction survey

If you have anything else that you would like us to consider, please let us know by calling the team on 01844 390110 or dropping us and email to [email protected]

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Posted on April 21, 2016 by: CosmeticCourses

How are we doing?

Our latest Model Satisfaction Survey Results

With the first quarter for 2016 coming to a close, we like to take the time to reflect on the service and the experience that we are providing.  We have had a fantastic response to our recent satisfaction surveys and we would like to share with you these results and let you know the action points from any feedback that has been given.

Cosmetic Courses; image showing results of rating trainersWe are fortunate enough to have a wonderful group of models who have been coming back for our services year on year, 97% have rated our trainers as ‘Good’ or ‘Excellent’, and 74% have rated their overall experience with us as ‘Good’ or ‘Excellent’.

One of the main concerns for our models is the waiting time for their appointments. We understand this concern and at times how it can be frustrating, especially when you have been waiting longer than another model and you can’t understand why they are being given their treatment before you. Our delegates are split into smaller groups for the afternoon practical session and some will be more confident than others .This is the same with the trainers, their wide industry knowledge and teaching methods means that they all work at different speeds. We aim to keep to the times given as much as possible, but would like to ensure that the delegates are given the best level of training as possible, so hopefully you can understand for us it is often a balancing act. In order to ensure that your waiting times are reduced as much as we can, we will contact you  if we are not quite running to time.

Having been working with the aesthetic industry for nearly 15 years, over time we have expanded our training repertoire, and the treatments we are able to offer you as models. It has been bought to our attention through this survey; you may not be completely clear on all the treatments that we have on offer. Cosmetic courses: banner showing Model survey results April 2016To address this, we will send you an email once a month, giving you more information on our range of treatments along with our next available appointments so be sure to look out for these in your inboxes! We are also aware that there are a few of our treatments that are not currently available within your nearest location – we are working on this with our trainers to ensure that these will become available as soon as we can – please bear with us! We have recently added skin rejuvenation courses for Chemical Peels and Dermaroller treatments at our Bingley training location which is something that we are very excited about.

In your own words:

We have had some lovely feedback from you and would like to share some of your kind words:

I have always found everyone to be very professional and friendly”

“Everyone was great, very friendly and professional. The whole process is very easy and I was very comfortable”

“Very professional service and very good value for money treatments”

Cosmetic Courses: Image showing the reulsts to a question in our latest survey

And finally we are very pleased that 96% of you would recommend us to your friends and family!

If you have anything else that you would like us to consider, please let us know by calling the team on 01844 390110 or dropping us and email to [email protected]

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Posted on April 21, 2016 by: CosmeticCourses

7 essential standards when providing Cosmetic Procedures

With recent ‘cowboy’ practitioners making major headlines over the past few weeks, it’s no wonder that the aesthetic industry is back in the spotlight.  It has become apparent that there is a slight ‘grey’ area in standards for practitioners and the level of care given to patients, both pre and post treatments, for both surgical and non-surgical.

Safety in Beauty LogoEstablishments such as SaveFace and the Safety in Beauty Awards, are working hard to ensure reputable practitioners and clinics are recognised for their contribution to following best practice and industry standards. They have been campaigning for standards within this industry to be tightened up and enforced to ensure patients who put their faith in what they believe is a trusted practitioner to not be disappointed with their results. These concerns were initially raised by Professor Sir Bruce Keoghs in his 2013 Cosmetic Industry Review, as well as the Scottish Cosmetic Interventions Expert Group over the years.

It appears that their cries are finally being heard, and action is being taken. As from the 1st June 2016, the General Medical Council (GMC) are setting out 7 essential standards that need to be adhered to by any Doctor who offers surgical or non-surgical treatments to patients.

The standards will be set out within a guidance document, detailing ethical obligations and standards that practitioners will need to meet, as well as advising the best way to meet these standards.

The advice to be included will be along the lines of the following:

  • Seeking your patients consent – It will be your responsibility as a practitioner to discuss the cosmetic procedure with the patient giving them all the information that they require to make an informed decision. This cannot be delegated to another member of staff, and it is best practice to offer all your patients a consultation period before booking any treatment.
  • Give your patients reflection time – Patients must have enough time to reflect and assess  if their chosen procedure is the right choice for them. This is why a consultation period and break before the treatment is advised.
  • Consider your patients psychological needs – consider your patients vulnerabilities and be certain that they are going into having the procedure voluntarily and have not been forced.
  • Work within your competency levels – recognising your limits, asking for advice or referring the patient to a colleague with the correct skill set will ensure no repercussion in the future post treatment.
  • Up to date training – ensure that you are up to date with the latest techniques and undertake any relevant training courses.
  • Providing all information to your patient – this includes written information, support networks and aftercare advice.
  • Marketing your services – no promotional tactics will be able to be used to entice patients to make drastic decisions. Any advertising must be clear and factual.
Dr Fiona Durban, Cosmetic Courses Trainer

Dr Fiona Durban, Cosmetic Courses Trainer

Regarding the above guidance standards, our Aesthetic Trainer, Dr Fiona Durban thinks this is a step in the right direction “The GMC has simply defined standards of practice we should all currently be following. Practitioners should be self-directed in their learning in order that they are up to date with current best practice for procedures they perform. This also needs to be demonstrated for part of appraisal and revalidation. We should all be offering an initial consultation where treatments with our patients can be planned, their suitability assessed (including any psychological vulnerability) and information given. Consent should never be delegated to others.  This guidance I hope is another step towards the profession demanding high standards of care and best practice”

Cosmetic Courses is able to offer you any training requirements that you may need, as well as advice and support in ensuring that you are ready for these standards coming into force on 1st June 2016.

If you would like any advice, or refresher training, drop us an email to [email protected] or call the team on 01844 390110.

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Posted on April 18, 2016 by: CosmeticCourses

Upcoming Events

After the Easter break, it’s all hands on deck as Cosmetic Courses take part in two conferences this April: ACE 2016 and the Dentistry show.

ACE – 15th & 16th April 2016

Business Design Centre in central London,

Cosmetic Courses: Image showing ACE LogoThe Aesthetic Conference and Exhibition (ACE) is a well-established and successful conference event attended by those within the aesthetic industry. A one day pass will give you access all areas to 8 CPD accredited clinical and business sessions, where you will be able to gain in-depth knowledge from leaders within the field, including our clinical Director, Mr Adrian Richards and our Clinical Lead and Aesthetic Nurse Practitioner and trainer Ms Mel Recchia.  Adrian and Mel will be presenting together on 15 April at 10.30am on exhibition stage 2 on the topic: “The Knife or the Needle?” discussing surgical and non-surgical facial treatments.  

ACE also offers all attending practitioners the opportunity to meet with over 100 providers of medical aesthetic treatments and services on their exhibition floor. This is a great opportunity for both new and practicing delegates to be able to see if there are any new treatments that they can consider offering to their existing clients, or build relationships with suppliers for those who are just starting out.

If you would like to register for your free place, please click here.

Cosmetic Courses; image showing the Dentistry logoThe Dentistry Show – 22-23rd April,

NEC Birmingham

This two day CPD recognised exhibition offers access to top international speakers alongside over 400 dental manufactures and suppliers.  You will have access to the latest products, materials and exclusive event deals.  We will be exhibiting across this two day conference along with Cosmetic Courses trainer and dentist, Olha Vorodukhina.  Olha will discuss lip filler treatment and detail her findings on how her aesthetic career has complimented her dentistry work.

To register for your free place, please click here.

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Posted on March 31, 2016 by: CosmeticCourses

Which Business Structure is best for me?

With so many things to consider when setting up on your own, one of the most important is to think about the structure of your business. This will determine the tax structure that you will be operating in going forward.

To help you to be able to make an informed decision, we have taken the most popular structures and looked at the pro’s and con’s for each one.

Sole Trader

Sometimes known as “one man bands,” a Sole Trader is a business that’s run by one person, who takes full control, responsibility and makes all the decisions. This structure can also be referred to as a micro business due to its size, and is used by many skilled tradesman such as electricians, plumbers and decorators to name a few.

This structure will need to yearly account for all sales, expenses and profits for any income tax and National insurance.  VAT will also need to be paid if the businesses yearly turnover exceeds the limits that have been set by HMRC.

Advantages and disadvantages with this structure include the following:

Full control

You would have full control over the daily and strategic planning and operations of the business and the size and rate in which you would wish for it to grow.  However, this has it’s pitfalls in that you will be solely liable for any business failures, debts and other liabilities.

Easy to set up

Cosmetic Courses;picture showing account and financeThe process to register is quick and easy as it would only be yourself that you would need to declare. You would need to inform the Inland Revenue that you are self -employed within three months of starting up. Failing to do this could result in penalties and charges.

Less regulations and start-up costs

There is less paperwork needed for a sole trader than there is for the other structures.  You would need to fill in an annual self-assessment tax return form to the Inland Revenue each financial year. All financial information would be private and would not have to be registered to companies house at the end of each year as is with limited companies and you would not need to register your company.

No management or staffing required

As you would be working on your own, any profit made would not need to be split between anyone else.  As great as this sounds, it is important to remember that your income will stop if you do. You will need to factor in your earnings if you decide to take holidays and plan for what would happen if you were suddenly taken ill. Critical illness insurance is available but it would be worth checking to see how long you would need to be off work for before this would take effect.  

Lower accounting costs

As there is less work to undertake due to this being a personal tax return, accountants tend to charge less. A profit and loss account would need to be completed for the accountants to check, and it is advised to create a balance sheet and cash flow statement to help you control and manage the cash flow of your business on a regular basis.

Partnership

This is an agreement between two or more people to operate a business. Each partner has a proportion of or equal amount of shares with the same authority to run the business, and should be involved in the day to day operations and decision making.  With any decision made, each partner will be held equally responsible. You can enter into a partnership with anyone, but it is advised to have an impartial lawyer draw up a partnership agreement for everyone to sign, and a business agreement can be created to protect you and the business should someone choose to leave in the future.

Advantages and disadvantages of a partnership

They are easy to establish

Partnerships are easy to establish, but to ensure that everyone involved has a clear direction on their individual roles. It is best practice to draw up a partnership agreement. Within this agreement you can determine the processes and course of action for any scenario including; what would happen if a partner dies, if one of more members of the partnership wishes to dissolve the partnership, as well as how the business will be financed.

Easy to raise funds

Unlike a sole trader, the ability to raise funds is increased. The members within the partnership may be able to contribute more, or the borrowing capacity maybe slightly greater.  With this, any profit that is made must be split between all the partners. However, tension can be created if there is one partner who has put in less time than others, and this will need to be taken into consideration at the time of setting up the business.

Broader set of skills

Each individual will have certain strengths and skills to help drive the business forward. Just remember that when it comes to expanding or growing the business, some partners may or may not be prepared to take risks. This may cause a slow decision process and friction within the partnership, and can make the business not as flexible as it could be.

Limited Companies

Cosmetic Courses ; image showing Weighing scalesA limited company allows the person setting up the business to keep their own assets and finances separate from the business  along with a separate bank account.  This means that if the business was ever in a position where it needed to terminate trading, you should not have to use you own personal belongings to pay off any outstanding debts.

There are two types of limited companies to choose from:

Public Limited Company (PLC) – companies that allow members of the public to invest in the company and buy part of the business (known as shares).  Any profits and losses made for the company must be made public on the Stock Exchange. There must be at least two directors of the business to be able to trade as a PLC.  Generally, this is for very large business with a turnover of £20 million.

Private Limited Company (LTD) – can be run with one director, but differ to a PLC in that they cannot trade shares publically. These types of business are normally family run or business partners looking to run a business and wanting the protection that a limited company gives over a partnership.

Both private and limited companies must be registered with Companies House to be able to legally start trading. Each company will be taxed on its trading profits and where relevant will pay VAT on its products and services.  The director or directors take full control of the running of the business and any person that has bought shares within the company (known as shareholders) help to fund the business and reap the rewards of any profits that are made. It is important to note that that under The Companies Act 2006 , a director cannot be under the age of 16.

Advantages and Disadvantages of Limited Companies include:

Financial security

Any debts accrued by the either a PLC or a limited Company should not fall to the Director the business to pay with any personal belongings. The shareholders become liable according go the levels of their investment (how many shares they own). For a limited company, it is important to remember that there is a restriction on the raising of capital when it comes to selling shares, as they are only available if someone wishes to invest in the shares.

Separate entity

A big plus for limited companies is that they will be able to exist beyond the life of its original members, as they are run and function as a separate entity. Employee security can be ensured with this, but there can sometimes be disputes between directors and shareholders of public companies when it comes to decision making for the business.

Don’t always need office premises

When you start out your limited company, your funds will more than likely be limited and a big office space is something at the present time that would not be needed. Until your business expands, you can run it from the comfort of your own home, and then claim back a proportion of the cost of heating, lighting and electricity from your business.  The accounting for any limited company is more complicated than those of a sole trader with many different documents legally required to be kept up to date throughout the year. These can be difficult to understand, time consuming and costly, but they are essential.

Ownership and Control

Directors of Private Limited Companies are normally the main shareholders, leaving both the ownership and control in their hands. Decisions can be made quickly and effectively, but it can be difficult to know what the best option is when faced with a difficult decision, and mistakes and obstacles can occur. Public Companies don’t have it so easy. There can sometimes be disputes between directors and shareholders of when it comes to decision making as ideas and direction can vary between each individual. Further sales of shares can lead to more investors, with a counter balance of there being more people that are involved in any decision making and having to keep happy. Decision making therefore can be slow, and time consuming.

Cosmetic Courses; image showing The Right KeyMaking the right decision for you

There is not right or wrong choice when it comes to deciding on the type of business you want to be.  Each type has their differences, advantages and disadvantages which all need to be taken in to consideration.

To ensure you make the right decision for you we advise that you:

Conduct more research on all of the structures – gather as much information as possible to help you be certain of your choice.

Seek advice – if you find yourself with information overload, or you’re still not sure, you can make an appointment with a business manager at your local bank, or with an accountant who can give advice on what they think would be the best option for you.

Our team can offer support for you and your business after completing one of our courses. If you would like to find out more information on the courses that we offer, please call the team on 01844 3901101 or drop us an email; [email protected]

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Posted on March 17, 2016 by: CosmeticCourses

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