Step 2: Cutting out the fabric
Make sure that you cut the fabric with the grain going across - in other words, you want the fabric to stretch from side to side, not from top to bottom. This is important - the the side-to-side stretching will give you a nice fit.
Cut out your fabric.
Before you go any farther place a pin in the cloth at the top of the fabric fold - this will let you know where the center of the shirt front is and will help later.