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In this tutorial, Colton from Custom Excel Spreadsheets demonstrates how to create a quote form for a business using a blank spreadsheet. The first step is to open and save the spreadsheet to prevent data loss. He begins by entering generic information, including the company name, address, phone number, and the quote recipient's name, to establish a template. Colton emphasizes the importance of creating a reusable template, which can be refined later for better formatting. The focus at this stage is on organizing the necessary elements of the form rather than perfecting its appearance.