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In this tutorial, Colton from Custom Excel Spreadsheets demonstrates how to create a quote form for a business. He begins by opening a blank spreadsheet and saving it to prevent loss of work. Colton suggests entering generic information at the top, such as the company name, address, phone number, and the name of the person receiving the quote. He emphasizes the importance of creating a reusable template, which can later be customized with specific details. At this stage, he advises not to focus on formatting, as the primary goal is to establish a basic structure for the quote form that can be refined later.