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In this tutorial, Colton from Custom Excel Spreadsheets explains how to create a quote form for your business using a blank spreadsheet. He emphasizes the importance of saving the document to avoid losing work. The initial step involves inputting generic information at the top, such as the company name, address, phone number, and the recipient's details for the quote. The focus is on setting up a template that can be reused multiple times. Colton mentions that formatting can be addressed later, as the primary goal is to establish the essential components to be included in the form.