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The speaker initially disliked writing business plans, feeling overwhelmed and unsure of their effectiveness. They equated the task to being assigned homework in school, which led to frustration. However, upon learning to create a functional business plan, their perspective changed, and they became eager to write plans for subsequent years. In the video, the speaker discusses two types of business plans: one that involves a detailed, comprehensive approach requiring several hours to complete and reviewed monthly, and another that simplifies essential information into a concise one-page business plan.