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In this tutorial, Colton from Custom Excel Spreadsheets explains how to create a quote form for businesses. He begins by advising to open a blank spreadsheet and save it to prevent data loss. The initial step involves inputting generic company information, such as name, address, phone number, and the quote recipient's details, to establish a template. The focus is on creating a reusable template rather than formatting at this stage, allowing for adjustments later. The goal is to have a functional structure to fill with specific information in the future.