Mouse eRetail Pvt Ltd, yet another e-commerce startup based out of Bangalore, had launched a horizontal e-commerce service - Mouse-e.com - five months back; and has just announced that it has just been successful in raising an angel investment to the tune of Rs.1-crore from an anonymous private investor (or may be multiple investors). And if that wasn't enough, as per the company sources (and as reported by Business Standard), it is currently in talks with a couple of Venture Capitalists to bag an investment worth up to $5-million by June this year; the funds will be used first to expand across the country and aggressively cover the top 130 cities, followed by a penetration in the tier-II and tier-III cities segment.

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This is one question I have frequently seen everywhere - be it students planning to start something of their own, online forums for discussion or blog posts; and while I am not one to raise a finger on the legitimacy of the question, I do have to say that if this is the question you are starting with - You are doing it all wrong!

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Many people around are already into starting up on their own - fresh with new ideas, unmatchable energy and all pumped up to bring in the next big thing. But what does it really take to start up? Do you have it in you? Is this a wise and well thought off decision? How do decide all that. How do you know that the decision you have made is for the right reasons?

A very interesting and thorough flowchart that should help you streamline your decision making process.