If you haven't done this yet, create a virtualenvs directory, where you will keep all your virtual environments (read about this in the Working with a virtual environment recipe). This can be created under your home directory.

Then, create a directory for your project's environment, for example, myproject_env. Start the virtual environment in it. We would suggest adding a commands directory for local shell scripts that are related to the project, a db_backups directory for database dumps, and a project directory for your Django project. Also, install Django in your virtual environment if you haven't already done so.