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Paul Borowski, owner of Quality Business Plan, explains how to create a financial projection in Excel, targeting small business owners drafting business plans. He emphasizes starting with daily sales and daily costs, which serve as the foundation for developing monthly projections. From there, he elaborates on constructing a 12-month profit and loss projection. The tutorial begins with entering daily sales figures and identifying products for sale, such as Product One and Product Two, before moving on to more detailed financial modeling. The session aims to guide users through the initial steps of financial planning for their businesses.