£1.8M in Trading Card Events but facing Cash Flow Pressures!

In this episode of the Business Broadcast, host James Sinclair welcomes Tommy Roberts, who runs Organised Play Events, a company that organizes large-scale tournaments for trading card games like Pokemon and Star Wars. Tommy shares insights into his unique business model, claiming to generate revenues of over 1.8 million pounds per year by facilitating competitive gaming events.

Tommy explains the intricacies of his business, including how event ticket sales can range between 30 and 300 pounds and the importance of promotional materials provided at these events, which have considerable value in the secondary market. The discussion touches on the challenges faced by the business, particularly in time management and hiring suitable staff, and how Tommy is currently reinvesting profits to fuel business growth.

Sinclair provides Tommy with advice on management and marketing strategies, emphasizing the importance of delegating responsibilities to achieve a higher level of entrepreneurial success. They also discuss Tommy's future aspirations to grow the business further and expand into Europe, highlighting opportunities for marketing through content creation and event documentation to build a larger community around the games.

Ultimately, this episode delves into the unique world of competitive card games and the potential for growth in this niche market, while also addressing the operational challenges that come with scaling a business in this industry.