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In this tutorial, Colton demonstrates how to create a quote form using a blank Excel spreadsheet. He emphasizes the importance of saving the file to avoid data loss. The first step involves entering generic information at the top of the spreadsheet, including the company name, address, phone number, and recipient details. Colton stresses that this initial setup is about creating a reusable template rather than formatting, which can be adjusted later. The focus is on outlining what elements will be included in the quote form to streamline the process for future use.