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In this video tutorial, the importance of writing a business plan in the entrepreneurial journey is emphasized. Benjamin Franklin's quote about planning is mentioned, highlighting the significance of having a solid plan. Key sections that should be included in a business plan are outlined, along with the offer of templates and a sample plan to help viewers get started. Writing a business plan is described as a crucial step that can save entrepreneurs time, money, and energy in the long run, despite it being perceived as boring or time-consuming.