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In this tutorial, Colton from Custom Excel Spreadsheets demonstrates how to create a quote form for a business using Excel. He begins by opening a blank spreadsheet and saving the file to prevent data loss. Colton then types in generic information at the top, including the company name, address, and contact details. He emphasizes the importance of setting up a template that can be reused, which can later be filled in with specific details. Colton notes that formatting is not a priority at this stage, as the focus is on establishing the essential elements of the form that will appear consistently in future quotes.