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In this tutorial, Paul Borowski, owner of Quality Business Plan, guides small business owners on creating financial projections in Excel, an essential component of a business plan. He emphasizes starting with daily sales and costs, which will lead to monthly projections and a 12-month profit and loss statement. The tutorial begins with establishing daily sales, followed by listing products, such as Product One and Product Two, as part of the projection process. This structured approach helps users systematically build their financial forecasts.