Welcome back to beyond MD! Do you have an idea you want to bring to the world? If so, this episode is for you. Today I sit down with Matija Kamikovski, CEO of Precision Finance. Matija has more than a decade of experience leading finance teams at start ups.Discussion Points:Matija's background in guiding startups (4:10)Coming up with a sustainable business idea (7:50)How to get data on the usefulness of your idea (10:25)How do you know people will pay for your idea? (13:05)Attributes leading to success/failure in entrepreneurship (14:45)How do you actually get started? (17:59)The financial metrics you need to track in the early days - cash, burn, runway (25:10)Growth at all cost vs bootstrapped businesses (27:03)How often should we track the financial metrics? (29:30)Operating as a sole proprietor vs incorporating the business - set up, liability, tax deductions (30:30)Budgeting, accounting, bookkeeping - guidelines & platforms (37:50)When should a company start outsourcing tasks? (43:20)Potential pitfalls of hiring to quickly (45:00)The importance of sales (47:41)Exit strategies (50:13)What % of percentage of start ups fail? Don't let the thought of failure stop you (53:27)Closing thoughts by Matija (55:12)My perspectives This episode features Arya EHR - https://www.aryaehr.com/**I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast :)Yatin:

Matija: