Ep 223: Medics Money MBA - the £1billion business in doctors' pockets

Medics Money MBA Part 1 Get paid for your Opinion here!  In this episode, Tommy is joined by special guest Sanay Goyal to explore the world of business through the lens of the Blue Light Card. They discuss the financial success of Blue Light Card, a 50 million pound a year business, and delve into its operations, profitability, and potential growth. The episode covers other business concepts such as cash flow, revenue, gross profit, and vertical integration, illustrating how understanding these concepts can help professionals in the healthcare space make informed financial decisions. 00:00 Introduction to Medics Money MBA 01:13 Introducing Private Practice 3.0 01:36 Meet Sanay 02:32 Exploring Business Models 03:26 Understanding Companies House 03:57 Breaking Down the Blue Light Card 05:24 Financial Insights and Profit Margins 18:41 Understanding Profit Margins 20:03 The Power of Network Effects 20:32 Exploring the Blue Light Card Business Model 24:57 Gymshark's Negative Cash Cycle Explained 29:51 Potential Growth and Risks for Blue Light Card 37:51 Conclusion and Call to Action Want to stay up to date with the latest financial information for doctors? Subscribe on YouTube to never miss a new video: https://www.youtube.com/@MedicsMoney Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here https://www.medicsmoney.co.uk/ebook/ Follow us on Twitter https://twitter.com/medicsmoney Follow us on Instagram https://www.instagram.com/medicsmoney