You're going to cast on doing that funky bead thing. I have never used beads and I found it a little fussy but once I got going I was fine. You'll want to sit somewhere quiet to do this. I'd hate for you to try to cast on with beads in a busy coffee shop or on public transit. Your beads will be everywhere!
Keep following the pattern. You will do 6 rows of garter stitch and then you're into the basketweave portion of the event. Melanie recommends stitch markers and I do, too. They are annoying sometimes because you'll have to move them but I found that they were helpful in keeping track of where you were in the pattern and may be useful in avoiding mistakes. For this week, try to do 2 pattern repeats of the basketweave section. You will have knitted about 70 rows by that point.
As always, feel free to knit at your own pace and do variations on the pattern as you like. I can't wait to see what you're up to. This is what I've been doing once my little one is in bed.
(You can't really see my beads but trust me, they are there.)
So Cast On and flash me your Hanamis, will ya?