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In this tutorial, Colton from Custom Excel Spreadsheets explains how to create a quote form for a business using a blank spreadsheet. He begins by saving the new file to prevent data loss. Colton suggests entering basic company information at the top, including the company name, address, phone number, and recipient details. The goal is to set up a reusable template that can be filled in with specific details later. Colton emphasizes that initial formatting is not a priority, as the focus is on outlining the necessary components of the quote form, which can be refined later.