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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 emphasizes the importance of saving the file initially to prevent loss of work. Colton starts by entering generic information at the top, such as the company name, address, and contact details, to establish a template. He stresses that this template should be reusable and that specific details can be filled in later. Formatting is not a priority at this stage, as the focus is on organizing the key elements that will be included in the quote form.