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In this tutorial, Colton demonstrates how to create a quote form using Excel. He begins by opening a blank spreadsheet and saving it to prevent data loss. Colton emphasizes the importance of setting up a template by entering generic information at the top, including the company name, address, and contact details, as well as the recipient of the quote. The focus is on creating a reusable template rather than formatting it perfectly at this stage. Colton plans to revisit formatting and additional details later, highlighting the goal of establishing a functional structure for the quote form.