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The Medics’ Money podcast helps doctors, dentists and other professionals make better financial decisions. Hosted By Dr Tommy Perkins and Dr Ed Cantelo, who is not only a doctor but also a Chartered Accountant and Tax adviser.
Episodes
Tuesday Jul 30, 2024
Tuesday Jul 30, 2024
Medics Money MBA Part 1
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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
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