

Despite the rebounding economy, opening a luxury business is still an extremely risky proposition. Leo learned that the hard way after his spa and sauna fell so deep in the red, he was forced to close his doors a mere week after opening to the public.
“He took out a small business loan that was way beyond his reach,” says Melanie Sanders, a former business partner who passed on this venture. “He marketed it as a ‘boutique experience’ for young vacationers, but let’s be honest – it was just the steam coming out of the dishwasher after a hot cycle. No one wants to sit naked in that.”
via barbie_burnside
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