The question, should you start up, is highly qualitative in nature.
Is the problem statement you identified big enough? Do you have any liabilities? Would you be the one who can wear multiple hats for at least 1 year of the startup? Do you have co-founders who are with you on your vision? Do you have enough money in the bank that can sustain you for at least 6months? Do you have industry knowledge of the problem you are solving?
A founder needs to be honest about the above questions and gauge independently the feasibility.
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