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In this video tutorial by E-Squared Photography, Erin and Emily aim to simplify business aspects of photography for newcomers, specifically focusing on contracts and invoices. They promise viewers that by the end of the video, they will have a clearer understanding of how to manage these documents effectively. The hosts emphasize the importance of keeping business and personal finances separate by opening dedicated checking and savings accounts for photography-related transactions. They encourage viewers to subscribe for more photography tips and remind them to stay until the end for additional resources.