A repository contains all of your project's files and each file's revision history.
You can discuss and manage your project's work within the repository.
Step 1 - In the upper-right corner of any page, use the drop-down menu, and select New repository.
Step 2 - Type a name for your repository,and an optional description.
As description is optional you can leave it or write a short description which defines your whole repository
Step 3 - Choose a repository visibility.
Step 4 - Initialize this repoitory with a README File.
Step 5 - Click on button to create your repository.