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The speaker initially disliked writing business plans, feeling overwhelmed and skeptical about their effectiveness, likening the experience to being assigned homework by a teacher. This changed when he learned how to create a business plan that suited his needs, transforming his perspective and enthusiasm for planning. He introduces two types of business plans: the first involves spending several hours meticulously detailing every aspect of a plan, which is reviewed monthly. The second approach condenses essential information into a concise one-page business plan, emphasizing simplicity and clarity.