You should follow these steps to run the project locally.
You should create a virtual environment, preferably with Python 3.6
If you use virtualenvwrapper, you could do:
mkvirtualenv --python=/usr/local/bin/python3 django-admin-cookbook
pip install -r requirements.txt
python manage.py migrate
python manage.py runserver
You can access admins at:
http://localhost:8000/entity-admin
http://localhost:8000/event-admin