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In this tutorial by Colton from Custom Excel Spreadsheets, he demonstrates how to create a quote form for your business using a blank spreadsheet. The process begins with opening a new spreadsheet and saving it to prevent loss of work. Colton emphasizes the importance of entering generic information at the top, including the company name, address, phone number, and the recipient's name. He suggests focusing on setting up a reusable template rather than formatting it perfectly at the start. The initial goal is to determine the necessary elements to include in the quote form, with specific details to be filled in later.