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In this tutorial, Colton from Custom Excel Spreadsheets explains how to create a quote form for your business. He starts by opening a blank spreadsheet and saving it to prevent data loss. Colton emphasizes the importance of setting up a template by entering general information at the top, including the company name, address, phone number, and the recipient of the quote. He notes that the initial format doesn’t need to look perfect, as the focus is on gathering the necessary elements for the form. The goal is to establish a reusable template that can be filled with specific details later, allowing for ease of use in future quote generation.