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The text discusses the importance of conducting employee performance evaluation sessions, highlighting how employees expect it and how it is imperative for business owners and managers. The speaker has updated their employee performance evaluation template to make the process easier and is going to share it in the video. The text also mentions common reasons why business owners and managers may avoid conducting evaluations, such as lack of knowledge, skills, or time. The analogy of going bowling is used to emphasize the importance of performance evaluations.