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In the video tutorial, the speaker explains why writing a business plan for a startup is a waste of time and how new frameworks like Lean Startup are more effective. They believe that founders should focus on validating their business premises instead of creating a lengthy business plan. Traditional business plans are typically 20 to 40 pages long and cover objectives, strategies, market size, sales plan, team, and financials. The speaker argues that using Lean Startup methodology is a better approach for building successful companies.
