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In this tutorial, Colton demonstrates how to create a quote form using a blank Excel spreadsheet. He emphasizes the importance of first saving the spreadsheet to prevent data loss. Colton begins by entering generic information, such as the company name, address, and the recipient of the quote, to establish a basic template. He stresses that the initial setup is focused on gathering necessary elements for the form rather than formatting it perfectly. The goal is to develop a reusable template that can be filled with specific details later, allowing for easy modifications and enhancements at a later stage.