You can keep the risks of your initiative at minimum by
the help of lean canvas.
It’s the first step of a successful initiative to define the risks, problems and solutions before giving a life to it than proceeding with intuitive ways.
Seeing the risks by experiencing them is always the most expensive way!
It can be a waste of money and time that giving life to your start-up idea before identifying your target audience, risks, possible problems and solutions to them and defining your differences from your opponents.
The way of building your idea in a concrete way without really giving a life to it and of bending the time: Lean Canvas
Problem
Value Proposition
Defines the products and service packages that create value for a customer segment.
Cost Structure
Defines the all costs that can come to surface while you make your idea real and after the process afterwards.
Existing Alternatives
The area where the existing solutions to the 3 problems your target audience will seeks at you are listed.
Competitive Advantage
The area where the existing solutions to the 3 problems your target audience will seeks at you are listed.
Sources of Income
Represents the cash an initiative gets from each user segment. (to be able to find the profit, you have to cut the costs from the income).
Solutions
The possible solutions to the 3 problems you have defined.
Channels
You can list your ways and channels of communication with your target audience here.
Key Metrics
The description of the numerical goals that can define the success criteria for your initiative.
Target Audience
You can list the target audience for your business idea here.