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The speaker initially disliked writing business plans, associating it with school assignments and feeling unsure about their effectiveness and his ability to create one. However, he eventually learned to craft a business plan that worked for him, transforming his view and making him eager to draft future plans. He introduces two types of business plans: a detailed plan that requires extensive time investment (six to eight hours) for comprehensive information, and a simplified version—a one-page business plan that consolidates essential details for easier reference.