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Colton demonstrates how to create a quote form for your business using a blank Excel spreadsheet. He begins by saving the file to prevent data loss and proceeds to input generic information at the top, such as the company name, address, and contact details. He emphasizes the importance of setting up a template that can be reused in the future. Initially, formatting is not a priority; the focus is on establishing the essential components that will appear on the form. Colton assures that formatting can be adjusted later. The tutorial highlights the process of creating a functional, reusable document for business quotes.