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In this video tutorial, the speaker addresses the common inquiry about writing business plans, stating that startups should not engage in this practice as it is a waste of time during the critical early stages. Instead, founders should focus on validating their business ideas. The video critiques the traditional business plan, defined as a lengthy document outlining future objectives and strategies (typically 20 to 40 pages). It emphasizes that such plans often include sections on opportunities, market size, and financial strategies, but suggests that new approaches, like the Lean Startup framework, provide a more effective method for building companies.