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Paul Broski, owner of Quality Business Plan and Quality Business Consultant, shares updates to his coffee shop business plan template for 2023. In this video, he details two or three key changes made to the template, discussing the rationale behind each. The first major update involves a comprehensive revision of the industry research section, utilizing data from IbisWorld, a leading source for industry insights. Paul showcases how he gathered pertinent information regarding the coffee and snack shop industries, emphasizing the importance of this data for enhancing the business plan's effectiveness. He concludes with a summary of the updates and wraps up the presentation.