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In this tutorial, Colton from Custom Excel Spreadsheets explains how to create a quote form for a business using Excel. He starts by emphasizing the importance of opening a blank spreadsheet and saving it to prevent loss of work. Colton then proceeds to input generic information at the top, including the company name, address, phone number, and the recipient of the quote. He focuses on creating a basic template, which can be filled in later with specific details. Colton notes that formatting is not a priority at this stage; instead, the goal is to outline the essential components of the form that can be saved and reused in the future.