Steps for Setting up a Project
2. House clean
I am assuming that you have an existing project that you really want to start using version control on. After all that's where I started.
CVS starts in a folder and recursively goes through all sub-folders. CLEAN HOUSE or your will be committing a lot of junk to version control!
Erase - temp files, scratch files, old zip files, abortive notes, temp directories and stuff you haven't a clue about.
Move - non-essential stuff you just can't part with to a folder outside the project tree. (note the oxymoron).