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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. He begins by saving the file to prevent data loss and starts entering generic information, such as the company name, address, phone number, and details for the quote recipient. The goal is to set up a reusable template that can be filled out with specific details later. Colton emphasizes that initial formatting is not a priority; the focus is on establishing the basic structure and necessary elements for the quote form. Additional formatting adjustments can be made in subsequent steps.