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The business plan template offered in the video tutorial provides a convenient and efficient way to create a comprehensive overview of a company. It includes six main sections - cover, introduction, marketing, organization, financials, and summary. Users can easily navigate through the template using the navigation menu and track their progress with checkboxes. The cover section allows for input of contact information, company name, writers of the plan, and date, with the option to change the logo. The introduction section includes company description and details about products and services.