A SharePoint team site connects you and your team to the content, information, and apps you need.
Homepage
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See News for the latest happenings with your team, such as news posts, information, and updates.
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Select Add if you'd like to create a news post.
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When someone adds or edits a file, page, or list, Activity lets you see this at a glance.
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If you have permission to edit your site, select New to add a List, Document library, Page, News post, or App to your site.
Left navigation pane
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Use Search to look for files on the site.
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View and engage in ongoing Conversations with your team.
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Store and share files in Documents — a default document library for your team.
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Manage your site with Pages or Site contents.
Source: Microsoft