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In this video tutorial by E-Squared Photography, Erin and Emily aim to simplify the process of managing contracts and invoices for photography businesses. They acknowledge that these business tasks can feel overwhelming, particularly for newcomers. The presenters promise that viewers will gain a clearer understanding of how to handle invoices and contracts effectively by the end of the video. They advise starting with one key piece of business advice: to open a separate checking and savings account dedicated to your photography business, instead of using personal accounts. They also encourage viewers to subscribe for more photography tips and tricks.