How to start, first set up a main repository on Bitbucket?

[Eyvind Almqvist]

I am going to set up Mercurial for a small team.  Should the first move be to set up a main repository on Bitbucket? Should the team members then clone this repository? Can they begin making changes, commiting,  pulling and updating after that? I have read the info on 
http://mercurial.selenic.com/wiki/UnderstandingMercurial, but I am not sure how start. 
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