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In this tutorial, viewers are guided on how to create a business plan using a template available on the website bizplantemplates.com. The video covers the importance of a cover page for a business plan, highlighting the need to include the business name and contact information. Users are instructed to fill in the yellow highlighted space with their company name and the blue highlighted spaces with their contact details. The template also provides spaces for name, email, and phone, with the option to add an address. Users can personalize the cover page by adding their logo, with the flexibility to choose from different design options.