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In the first video of this free business planning course, the focus is on creating a sales forecast. The instructor clarifies that the forecast provided is for educational purposes only, emphasizing the importance of understanding how to compile different parts of a business plan rather than the aesthetics of the document. They will guide viewers through the steps needed to create a three-year sales forecast using Microsoft Excel, breaking down the information so it is manageable. The video begins with instructions to merge specific columns in Excel to set up the forecast's layout. Viewers are encouraged to follow along and adapt the presentation to their preferences.