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The speaker initially disliked writing business plans, feeling overwhelmed and doubting their effectiveness. They equated the task to homework assigned by a school teacher and felt unprepared. However, upon learning how to create a functional business plan tailored to their needs, their perspective changed, and they became eager to write them annually. The discussion focuses on two types of business plans: a detailed plan requiring several hours to develop, meant for monthly review, and a simplified one-page business plan that consolidates essential information clearly and efficiently.