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In this tutorial, Colton from Custom Excel Spreadsheets demonstrates how to create a quote form for your business. He begins by opening a blank spreadsheet and saving it to avoid losing work. Colton types in basic company information, such as the company name, address, phone number, and details of the quote recipient, to establish a template. He emphasizes the importance of creating a reusable template for future quotes and notes that formatting is not a priority at this stage. The goal is to identify and include all necessary elements for the quote form, with formatting adjustments to be made later.