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In this tutorial, Paul Broski, owner of Quality Business Plan and Quality Business Consultant, shares updates to his coffee shop business plan template for 2023. He outlines two to three key changes made to the template, providing insights into their importance. The first significant update involves revising the industry research section. Paul utilizes his subscription to IbisWorld, a leading source of industry research, to gather and extract relevant data regarding the coffee and snack shop market. He emphasizes the importance of this updated information in crafting a comprehensive business plan. The video concludes with a summary of the discussed changes.
