German term (edited): Basislager etc.

Well, since you aren't getting much response, here's my two cents' worth:

Taking on the future: we're on the right track. Job 1 is setting up base camp.

or ... 'The first job is to set up up base camp.', but that sounds a bit flat. It would help to know how this fits with the body of the document -- maybe it's more along the line of 'we're on the right track, but first we have to set up / establish base camp' (to give ourselves a solid point of departure).

Comments:
'Taking on the future'' may not work, depending on the overall context. It's tricky to come up with something in English that has the same resonance as 'Unternehmen'. IMO being on the 'right path' doesn't fit with the concept of dealing with the challenges of the future, because a path is a well-established route used regularly and leading to a specific destination. I'd thus suggest 'track'. Do not use an article with 'base camp'. And finally, a phrase after a colon usually does not start with a capital in English (unlike German).

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Note added at 2 hrs (2006-05-02 22:00:20 GMT)
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Sorry, I just noticed I misread the question: it's the title plus the first point. In that case, I'd suggest 'Task 1: setting up base camp' (assuming that fits the style of the rest of the text).

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Note added at 2 hrs (2006-05-02 22:29:22 GMT)
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Further thoughts:
1. You could also say 'we're heading in the right direction', which is closer to the original, but 'we're on the right track' has the significant advantage of being shorter
2. With regard to 'base camp', you can use the article 'a' if you're talking about base camps in general (e.g. 'it is common practice to establish a base camp before starting a major climb'), but if you're referring to a specific base camp, it does not take an article (e.g. return to base camp, set up base camp).