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In this tutorial, Colton from Custom Excel Spreadsheets demonstrates how to create a quote form for a business using a blank spreadsheet. He emphasizes the importance of saving the document to avoid losing work. The initial step involves entering basic company information, such as the company name, address, phone number, and recipient details, to establish a template. Colton highlights that the goal is to create a reusable template, which can be updated with specific details later. At this stage, he is not focused on formatting, as the primary aim is to outline the information that will eventually appear on the form.