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 MBA01:13 Introducing Private Practice 3.001:36 Meet Sanay02:32 Exploring Business Models03:26 Understanding Companies House03:57 Breaking Down the Blue Light Card05:24 Financial Insights and Profit Margins18:41 Understanding Profit Margins20:03 The Power of Network Effects20:32 Exploring the Blue Light Card Business Model24:57 Gymshark's Negative Cash Cycle Explained29:51 Potential Growth and Risks for Blue Light Card37:51 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