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In this tutorial, Colton from Custom Excel Spreadsheets explains how to create a quote form for a business using Excel. He begins by opening a blank spreadsheet and saving it to prevent data loss. Colton emphasizes starting with generic information such as the company name, address, phone number, and the recipient of the quote. The initial focus is on establishing a template that can be reused in the future, rather than perfecting the formatting right away. By laying out the desired elements for the form, users can later return to fill in specific details and adjust the appearance as needed.