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In this tutorial, Colton from Custom Excel Spreadsheets explains how to create a quote form for your business. He starts by opening a blank spreadsheet and emphasizing the importance of saving it to avoid losing progress. Colton suggests entering basic company information at the top, including the company name, address, phone number, and recipient details. He focuses on setting up a reusable template rather than perfect formatting at this stage. The goal is to outline the necessary components for the quote form, allowing users to fill in specific details later.