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Paul Broski, owner of Quality Business Plan and Quality Business Consultant, shares updates to his coffee shop business plan template for 2023. In the video, he walks through two or three significant changes he made, explaining each update. The first major update involves refreshing the industry research section of the business plan template. Using his subscription to IBISWorld, a leader in industry research, he gathered important information concerning the coffee and snack shop industries. Paul emphasizes the importance of this updated research in enhancing the effectiveness of the business plan. After discussing these changes, he concludes the presentation.