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The speaker shares their initial dislike for writing business plans, likening it to being assigned homework by a teacher. They express feelings of inadequacy and skepticism regarding the effectiveness of traditional business plans. However, after discovering a method that works for them, they became eager to create their business plans yearly. The discussion focuses on two types of business plans: a detailed version that requires extensive time investment and is reviewed monthly, and a simplified one-page business plan that condenses essential information clearly.