Startups fall under that branch of business that, if successful, bring the biggest money. Their world is cruel and ruthless. 50% of all new businesses fail within five years because of bad management and inability to follow through on ideas or investments. Even if your idea is stunning, fresh and extremely original, there’s no guarantee that you will make a fortune with it; a great idea is only one part, though a significant one, of a startup's development. Aside from a brilliant idea, your startup has to be well planned: in this case, your chances of thriving grow significantly. Having realized that, Ash Maurya, a successful entrepreneur, came up with the concept of Leanstack, a collection of resources and tools that includes Lean Canvas, a kind of business modeling tool adapted especially for startups that has since been utilized in startup projects all over the world. Lean Canvas allows businesses to create streamlined, 1-page business models comprised of separate 'blocks' that help to outline the project, notice its pros and cons and analyze any potential future risks.
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