The Lean Canvas is a 1-page business model template developed by Ash Maurya that helps entrepreneurs validate their business ideas and make data-driven decisions. It is a simplified adaptation of the Business Model Canvas, focusing on the key assumptions that are most critical for early-stage startups.
TCO (Total Cost of Ownership) is a financial estimate that helps buyers and owners determine the direct and indirect costs of a product or service over its entire lifecycle. It encompasses all costs associated with owning and using an asset, including acquisition, installation, maintenance, support, upgrades, and disposal.