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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 emphasizes the importance of saving the file to prevent losing any work. Colton suggests starting with generic information at the top of the form, including the company name, address, phone number, and details for the quote recipient. He focuses on establishing a template that can be reused, stating that the initial appearance of the form does not need to be perfect, as formatting can be adjusted later. The key objective is to outline the essential elements that should be included in the quote form.