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In this video, the speaker addresses a common inquiry about writing business plans, stating that they decline such requests. They argue that startups should prioritize validating their business ideas rather than investing time in business plans, which are considered outdated. The speaker introduces the Lean Startup framework as a more effective approach to building companies. They define a business plan as a document outlining a business's future objectives and strategies, often comprising 20 to 40 pages covering various aspects like market size and financial plans. Ultimately, the video critiques the traditional business plan format for startups.