1. *Learnings from discussions with founders of startups such as HealthAssist, Sparsha Learning, Akosha, Zomato, Savaari, CoCubes etc.

2. Family
Discuss with Spouse - Absolutely Essential !
Dont disclose to the world till you're up n running
Dont disclose to parents if you fear opposition
Dont listen much to relatives (applicable in India)
Family often supports when all bridges r burnt.
.

3. Loans and EMIs
Clear them 'ALL' before you take the Plunge
If can’t clear all; allocate a fund to it
EMIs sap Entrepreneurs of clear focus
Loans build emotional and financial stress

4. Funds & Responsibilities
Have a working spouse
If planning a baby - allocate money accordingly
Allocate a 12-month fund for sundry expenses
Savings shouldn't deter you from taking plunge.
Take a calculated Risk

5. The Scalable Idea
 Coming up…. (watch this space)

6. The Article:
 http://articles.economictimes.indiatimes.com/2013-01-
25/news/36548273_1_young-entrepreneurs-seedfund-
job