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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 data loss. Colton begins by typing generic information at the top, including the company name, address, and contact details, while emphasizing the importance of establishing a reusable template. The initial focus is on setting up the basic structure of the form without concerning himself with formatting, as that can be adjusted later. The aim is to identify essential elements to include in the quote form for future use.