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In this tutorial, Colton demonstrates how to create a customizable quote form using Excel. He starts by opening a blank spreadsheet and saving it to avoid data loss. Colton suggests entering generic information at the top, including the company name, address, and contact details, while emphasizing the importance of setting up a reusable template. The focus at this stage is on gathering necessary information for the quote form, without worrying about formatting. Colton plans to refine the layout and design later, aiming to establish a foundational structure for the template that can be easily updated for future use.