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In this video, Paul Broski, owner of Quality Business Plan and Quality Business Consultant, shares updates to his coffee shop business plan template for 2023. He walks viewers through two to three key changes made to the template, explaining the rationale behind each modification. One significant update includes a comprehensive revision of the industry research section, utilizing data from IbisWorld, the leading source for industry analysis. Paul discusses how he extracted essential information regarding the coffee and snack shop industries, aiming to enhance the template's relevance and accuracy. He concludes with a summary of these updates.