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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. He emphasizes the importance of saving the file to avoid losing progress. The initial steps involve entering basic information at the top of the spreadsheet, such as the company name, address, phone number, and the recipient's name. Colton highlights that this is just a template setup stage, where precise formatting is not a concern. The objective is to establish a reusable template that can be populated with specific details later on, focusing on structuring the essential information needed for the quote form.