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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 avoid any loss of work. Colton emphasizes the importance of setting up a template by entering generic information at the top, such as the company name, address, and contact details. He mentions that the focus at this stage is not on formatting but on establishing what elements will be included in the form. The intent is to create a reusable template that can be filled in with specific details later.