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In this tutorial, Colton from Custom Excel Spreadsheets demonstrates how to create a quote form for a business using a blank spreadsheet. The first step is to open and save the spreadsheet to prevent any data loss. He advises entering generic business information at the top, including the company name, address, phone number, and the recipient of the quote. The focus is on setting up a reusable template rather than formatting, which can be adjusted later. The goal is to have a basic structure in place that can be filled in with specific details later on.