entrepreneur analysis

Traditionally, a venture’s founders would write a business plan, complete with a five-year forecast, use it to raise money, and then go into “stealth mode” to develop their offerings, all without getting much feedback from the people they intended to sell to. Lean start-ups, in contrast, begin by searching for a business model. They test, revise, and discard hypotheses, continually gathering customer feedback and rapidly iterating on and re-engineering their products.After reading the article, compare this new approach with the more traditional formula as mentioned above, which approach do you feel gives the Entrepreneur the greatest chance for success and why?  Does your answer work for all start-up ideas?Do not restate what the author already states in the article but offer your own analysis and insights into this approach.Two pages, double-spaced, Times New Roman 12pt fontResources:HBR Article: Why the Lean Start-Up Changes Everything (article attached)