remove obsolete info about non-packaged project

README.md

@@ -3,10 +3,10 @@
 ## Installation
 
 Currently, this repository does only contain a plain _Django_ app without a
-project. The app is not (yet) packaged. Therfore, the following steps are
-necessary to initialize a development environment:
+project. The following steps are necessary to initialize a development
+environment:
 
-  1. Initialize _Django_ project:
+  1. Initialize a _Django_ project:
 
      ```
 django-admin startproject PROJECT_NAME
@@ -18,8 +18,10 @@ django-admin startproject PROJECT_NAME
      folder of this repository, e.g.:
 
      ```
-ln -sr bam PROJECT_DIRECTORY/bam
+ln -sr bam PROJECT_NAME/bam
 ```
+     Alternatively, if you're using a virtual environment, you can install _bam_
+     by calling `pip install -e .` from within this repo's base directory.
 
   4. Add `bam.apps.BamConfig` to `INSTALLED_APPS` in the project's
      `settings.py`.