Consider the Lean Approach to starting a business and the Traditional Approach to starting a business.

Analyze the advantages and disadvantages of each approach, considering factors such as speed to market, resource allocation, and market validation.

Provide specific examples of how you would apply Lean Startup principles to your startup idea, including steps for customer discovery, Minimum Viable Product development, and iteration.

Discuss the potential risks and challenges associated with both approaches and propose risk mitigation strategies.

Evaluate which approach you believe is better suited to your startup's specific circumstances, and justify your choice based on your analysis.