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In this tutorial by Colton from Custom Excel Spreadsheets, he demonstrates how to create a quote form for a business using Excel. He begins by opening a blank spreadsheet and saving it to prevent data loss. Colton suggests entering essential information at the top, such as the company name, address, and contact details, as well as the recipient's name for the quote. The focus is on establishing a template that can be reused, rather than on formatting initially. The aim is to set up a basic structure, which can be refined later, allowing for the inclusion of specific details in future uses.