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In this tutorial, Colton demonstrates how to create a quote form using a blank Excel spreadsheet. He emphasizes the importance of saving the spreadsheet to avoid losing work. The initial step involves entering generic information at the top, such as the company name, address, and contact details for the quote. This phase focuses on creating a template that can be reused, rather than formatting the appearance of the form. Colton suggests that the specifics will be filled in later, indicating that the setup is about organizing the necessary components for the quote form.