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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 explains that the first step is to open and save the spreadsheet to prevent data loss. Colton then suggests entering generic information at the top, such as the company name, address, phone number, and the recipient of the quote. He emphasizes the importance of creating a reusable template, allowing for ease of future use. Initially, he mentions that formatting is not a priority, as the focus is on establishing the general structure and components of the quote form, which can be refined later.