Both Lean canvases and business plans are visual representations of the reality in which your business operates. But, unlike the traditional business plan, they are sketches that need to be updated as you grow your business.

So, the big question is: which is better?

In Episode 2, our guest Julie Milam, a Senior Financial Analyst of the Entrepreneurial Accelerator Program with over 23 years of experience in corporate finance, financial markets, government contracts and consulting, walks us through the differences and similarities in each option, why it's always important to plan for a worst case scenario and what that looks like.